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E-Malt.com Flash 12b
March 20 - March 23, 2008
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Currency Rates
Base Currency: Euro, EUR
on 21-March-2008

1 EUR = 1.5531 USD
1 EUR = 0.7838 GBP
1 EUR = 1.5837 CAD
1 EUR = 1.7102 AUD
1 EUR = 153.976 JPY
1 EUR = 2.6977 BRL
1 EUR = 36.8978 RUB
1 EUR = 10.9678 CNY
Base Currency: US Dollar
on 21-March-2008

1 USD = 0.6439 EUR
1 USD = 0.5046 GBP
1 USD = 1.0197 CAD
1 USD = 1.1012 AUD
1 USD = 99.1633 JPY
1 USD = 1.737 BRL
1 USD = 23.7581 RUB
1 USD = 7.0621 CNY
Currency Rates, EUR/USD Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

March 21, 2008
Type Crop 2007 Crop 2008
2rs Barley €271.0-273.0 €274.0-276.0
6rw Barley €238.0-240.0 €245.0-247.0
2rs Malt €529.5-531.5 €518.0-520.0
6rw Malt €488.0-490.0 €481.0-483.0
Feed Barley €196.0-198.0 2.00% nq  

Note: Just click on the price link and you will be led to our Market Price History. Average barley market prices are French and are estimated on FOB Creil basis. Average Malt Prices are theoretical and based FOB Antwerp being estimated on French malting barley. The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.


Top Industry News

Russia: Heineken to invest $180 mln in Volga brewery in 2008-2009 ...Click here
UK: Scottish & Newcastle falls as Lehman Brothers Holdings may withdraw financing for the takeover ...Click here
Slovenia: Pivovarna Lasko takeover closed ...Click here
India: Cobra Beer to boost production in India with bottling pact ...Click here
Czech Republic: Malt output grows to record 527,000 tonnes in 2007 ...Click here
France: Malting barley market blocked due to stock-exchange crisis ...Click here
Europe: EU barley export to increase in 2008/09 ...Click here
Russia: Government to extend barley export duty to July 1, 2008 ...Click here




USA: Alabama beer drinkers fight for stronger brews as it’s illegal to drink beer with more than 6 percent alcohol ...More Info
Belarus: Olivaria Brewery to export beer to Ukraine ...More Info
Belgium: InBev nominates new Director ...More Info
UK: Shepherd Neame is named regional brewer of the year ...More Info
USA: Anheuser-Busch to launch Budweiser American Ale beer ...More Info
Luxembourg: Quilmes Industrial announces filing of amended schedule 13E-3 disclosure in AmBev tender offer ...More Info
Romania: InBev Romania appoints new General Manager ...More Info
USA: Primo beer back to Hawaii in bottles ...More Info
Austria: Upper Austrian breweries presenting new offering for Euro 2008 football championship ...More Info
USA: Miller Brewing reaches new sponsorship deal with Milwaukee Bucks ...More Info
South Africa: SABMiller changed from “sell” to “neutral” ...More Info
USA: Boston Beer vice President Robert H. Hall sells 20,200 shares of commons stock ...More Info
Go to our news database with more than 12391 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Russia: Heineken to invest $180 mln in Volga brewery in 2008-2009
Heineken, a leading global brewing company, plans to invest 117 million euros ($180 million) in Russia's Volga brewery in 2008-2009, the head of the ...More Info

UK: Scottish & Newcastle falls as Lehman Brothers Holdings may withdraw financing for the takeover
Scottish & Newcastle Plc, the brewer being bought by Carlsberg A/S and Heineken NV, fell in London trading on concern Lehman Brothers Holdings Inc. ...More Info

Slovenia: Pivovarna Lasko takeover closed
The takeover bid for beverage group Pivovarna Lasko, published on 12 February, closed on March 11th at noon. Financial firms Infond Holding and Fidina, ...More Info

India: Cobra Beer to boost production in India with bottling pact
The UK-based Cobra Beer is expanding its India play with two fresh strategic bottling alliances, The Economic Times published March 20. Sources said that ...More Info

Malt News

Czech Republic: Malt output grows to record 527,000 tonnes in 2007
Czech malt houses produced more than 527,000 tonnes of malt in 2007, a growth of 1.2 percent year-on-year and the highest amount in history, ...More Info

Barley News

France: Malting barley market blocked due to stock-exchange crisis
The malting barley market has been blocked because of the crisis at the stock-exchange, la Depeche published March 20. The prices continue to decrease.

The ...More Info

Europe: EU barley export to increase in 2008/09
According to Strategie Grains’ updated data, next year barley export in EU-27 is going to increase till 14.23 mln tonnes, which is 2 mln ...More Info

Russia: Government to extend barley export duty to July 1, 2008
The government commission for protective measures in foreign trade and customs tariff policy approved the extension of export duties on barley until July 1, ...More Info
Scientific Digest

Variation And Genetic Control Of Foam-Positive Proteins In Australian Barley Varieties.

D.E. Evans(1), M. Ratcliffe(2), B.L. Jones(3), A.R. Barr(1). (1) The University of Adelaide, Waite Campus, Dept. of Plant Science, Glen Osmond, SA 5064 (2) Victorian Institute for Dryland Agriculture, PO Box 260, Horsham, VIC 3401, (3) USD-ARS, Cereal Crops Unit, 501N Walnut St, Madison, WI 53705, USA.

Introduction
Beer foam quality is one of the critical characteristics that a consumer will use to determinethe quality of dispensed beer. Brewers are particularly interested in optimising foam quality because it will impact upon customers purchase decisions. Beer foam quality is a combination of its stability, quantity, lacing (adhesion or cling), whiteness, 'creaminess', density, viscosity and strength (Bamforth, 1985). Brewers current strategies for improving foam stability are to specify malt with relatively low Kolbach indices (KI, soluble/total protein) and supplement the beer produced with PGA (propylene glycol alginate), use foam generating "widgets" or use chemically hydrogenated hop extracts (i.e. “Tetra” hop). All these strategies are relatively costly and will impart visual or flavour effects on the beer that may not be desirable. Naturally occurring foam promotants in beer include proteins (>5kDa), isohumulone, metal cations, low levels of ethanol (<3%) and gums (presumably ß-glucans and arabinoxylans) while lipids and high levels of ethanol are foam inhibiting (Bamforth, 1985). Foam-positive proteins can be divided into two fractions based on molecular weight, 1. high molecular weight (HMW, 35-50 kDa); 2. low molecular weight (LMW, 5-17 kDa). Both fractions originate primarily from malt (Asano & Hashimoto, 1980), with the HMW fraction containing mainly protein Z (Kaersgaard, P. & Hejgaard, 1979), and the LMW fraction containing LTP1 (lipid transfer protein 1) and a mixture of hordein and glutelin fragments (Sorensen et al., 1993, Sheehan & Skerritt, 1997, Vaag et al., 1999). Protein Z may be further sub-divided into the protein Z4 and protein Z7 forms which are highly related and expressed from one or more genes on chromosomes 4H and 5H, respectively. In barley and malt, protein Z4 is the dominant isoform accounting for approximately 80 % of all protein Z. Evans et al., (1998, 1999) applied quantitative enzymelinked immunosorbent as says (ELISA) to measure the quantity of protein Z4, protein Z7 and LTP1 in malt. In small and pilot scale brewing trials, the level of protein Z4 was significantly and positively correlated to foam stability as measured by the Rudin head retention time test (Bishop et al., 1975). It follows that if foam quality could be predicted by measurement of foam-positive proteins in barley and malt it would be possible to deliver malt to both domestic and international brewers that produce beer with high quality foam heads. In this study, the quantity of protein Z4, protein Z7 and LTP1 were assessed in malt from a selection of Australian and international malting varieties. The genetic basis for the level of protein Z4 and Z7 were established by QTL analysis in two mapping populations.
... Load full article, 6 pages, 48 Kb, PDF file

Malting barley prices.

Prices for Danish malting barley are available
on site www.e-malt.com/MarketPrices

Theoretical malt prices

Theoretical malt prices (Crop 2007, Crop 2008).


NB: Prices published are theoretical malt prices including financial cost, THC (for bulk and bags container) and all administrative costs. This prices may fluctuate according to the quantity per delivery and technical specifications.

* - 70/30 = 70% Average two Rows Spring and 30% Six Rows Winter
** - 50/50 = 50% Average two Rows Spring and 50% Six Rows Winter

Prices Evolution

Australia Malting and Feed Barley Export Prices (Q1 2003 - Q1 2008s)

Source: ABARE, February 2008

Table of the week
EU 2 row Spring Malting Barley production and balance sheet
Table of the week. Make it clear - Membership for one year is 169 EUR.
Source: H. Abildstrøm & Co ApS, March 2008
Graph Of The Week



These Days in Business History
March 20
1886 1st AC power plant in U.S. begins commercial operation, Massachusetts
1991 U.S. forgives $2 billion in loans to Poland
2000 Shares in MicroStrategy Inc., a hot software consulting firm, fall from $246.75 to $86.75 in a single day as chairman Michael Saylor announces that the company will have to slash its reported revenues and earnings for the past two years.

March 21
1868 In London, the prospectus for the earliest known mutual fund is published as the Foreign and Colonial Government Trust offers its shares to the public for 85 pounds sterling.1986 Pittsburgh Associates buy Pittsburgh Pirates for $218 million
1906 John D Rockefeller III is born, billionaire philanthropist (oil)
1986 199.22 million shares traded in New York Stock Exchange

March 22
1895 Auguste and Louis Lumière show their 1st movie to an invited audience
1933 Franklin D. Roosevelt makes wine and beer with up to 3.2% alcohol legal
1960 1st patent for lasers, granted to Arthur Schawlow and Charles Townes

March 23
1836 Coin Press invented by Franklin Beale
1857 Elisha Graves Otis installs the world's first safety elevator for passengers in the E.V. Haughwout and Co. store in New York City.
1861 London's 1st tramcars, designed by Mr. Train of New York, begins operating
1951 Wages in France increase 11%
Agenda