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E-Malt.com Flash 28b
July 10 - July 13, 2008
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Currency Rates
Base Currency: Euro, EUR
on 11-June-2008

1 EUR = 1.5553 USD
1 EUR = 0.7922 GBP
1 EUR = 1.5939 CAD
1 EUR = 1.6398 AUD
1 EUR = 166.114 JPY
1 EUR = 2.543 BRL
1 EUR = 36.8225 RUB
1 EUR = 10.7802 CNY
Base Currency: US Dollar
on 11-June-2008

1 USD = 0.643 EUR
1 USD = 0.5094 GBP
1 USD = 1.0249 CAD
1 USD = 1.0543 AUD
1 USD = 106.811 JPY
1 USD = 1.6351 BRL
1 USD = 23.6759 RUB
1 USD = 6.9314 CNY
Currency Rates, EUR/USD Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

July 11, 2008

Type Crop 2007 Crop 2008
2rs Barley nq €244.0-246.0 0.81%
6rw Barley nq €215.0-217.0 1.82%
2rs Malt €530.5-532.5 €490.0-492.0 0.51%
6rw Malt €497.5-499.5 €453.5-455.5 1.09%
Feed Barley €168.0-170.0 3.98% 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

Belgium & USA: InBev raises bid for Anheuser-Busch starting talks over a friendly merger ...Click here
Japan: Total shipments by the major brewers dropped by 4.2 % in 1H year-on-year marking record lows for the second year in a row ...Click here
India: Carlsberg intends to consolidate its presence in the Indian market aiming pan-India ...Click here
Turkey: Efes Breweries continued its growth momentum for the first six months of 2008 ...Click here
Ukraine: Obolon brewery boosts beer production by 10.5% in H1 ...Click here
UK: Country’s strongest new beer attacked by health campaigners and politicians ...Click here
EU: Full employment of all operational EU malting factories ...Click here
China: Chinese maltsters use as much local barley as possible ...Click here
North America: Good barley prospects for USA and Canada ...Click here
USA: Montana governor asks for Anheuser-Busch barley commitment ...Click here

Estonia: Beer sales of A. Le Coq grew by 5% in the first half of 2008 year-on-year ...More Info
USA: Coors buildings valued at nearly US$ 23 mln transferred to MillerCoors ...More Info
Russia: Chief sanitary official against the new drink-drive law ...More Info
Moldova: Sales of Efes Vitanta Brewery fell 18.1% in the first half of 2008 ...More Info
Kenya: Heineken to make beer more affordable to Kenyans despite tax hikes and the tough rival EABL ...More Info
UK: SABMiller issues $1.25 billion bond to repay some existing debt ...More Info
Russia: InBev boosts beer sales in Russia by 16.5% in 2007 ...More Info
India: UB approves Rs 60 cr corporate guarantee for group firm ...More Info
UK: A student's idea could save breweries millions and already attracted investment from Coors ...More Info
USA: Minnesota's most planted malting barley variety is Lacey ...More Info
Go to our news database with more than 13091 articles.
Today with the possibility to be translated in 7 different languages!

Brewery News

Belgium & USA: InBev raises bid for Anheuser-Busch starting talks over a friendly merger

Belgium-based brewer InBev NV and Anheuser-Busch Cos Inc have started talks over a friendly merger to create the world's biggest brewer, a source familiar with the situation said on July 11, according to Reuters.

The Belgian brewer has reportedly hiked its takeover bid for the brewer of Budweiser beer by $5 a share to $70, valuing its target at $45 billion, and Anheuser has also reportedly agreed to engage in friendly talks.

InBev refused to comment, and Anheuser-Busch could not immediately be reached.

This is a chronology of the events leading to the talks:

May 23, 2008 - Market speculation over several months concerning a deal between InBev and Anheuser-Busch comes to a head with a detailed report from on-line site FT Alphaville. The report details a $65 a share bid, financing arrangements and names bankers and lawyers working on a $46 billion deal.

June 11, 2008 - InBev's first letter to Anheuser. This outlines a $65 a share cash bid, valuing Anheuser at $46.3 billion. InBev says the bid price represents a 35 percent premium over Anheuser's 30-day average share price prior to recent market speculation.

InBev says the deal will be financed with at least $40 billion in debt, arranged by eight banks, ...More Info

Japan: Total shipments by the major brewers dropped by 4.2 % in 1H year-on-year marking record lows for the second year in a row
Suntory Ltd. has garnered the No. 3 spot in market share for domestic beer and beerlike beverage sales for the first time since entering ...More Info

India: Carlsberg intends to consolidate its presence in the Indian market aiming pan-India
Carlsberg, the Danish brewing force, is planning to enter the country, aiming at pan-India presence for its product in the next six months, India ...More Info

Turkey: Efes Breweries continued its growth momentum for the first six months of 2008
Efes Breweries International N.V. (“EBI” or “the Company”) announced on July 9 its sales volume figures for the period ended 30.06.2008.

In the first six ...More Info

Ukraine: Obolon brewery boosts beer production by 10.5% in H1
Obolon, one of Ukraine’s largest beer companies, increased beer production by 10.5% to 5.98 million hectolitres in the first half of 2008 compared to ...More Info

UK: Country’s strongest new beer attacked by health campaigners and politicians

Health campaigners have criticised a Scottish brewery for launching what it claims is the UK’s strongest beer, at 12 per cent alcohol by volume, The Financial Times posted on July 11.

BrewDog, the Aberdeenshire microbrewery, says its new beer, called Tokyo, is inspired by a 1980s arcade game played in Japan. Described as “intergalactic fantastic oak-aged stout”, Tokyo is brewed with specialist malts, jasmine and cranberries before ageing on toasted French oak chips.

“What justification can there possibly be to bring an extra strong beer on to the market? Super-strength drinks are often favoured by young people and problem drinkers – is this really who the brewery wants to target?”

A 330ml bottle of beer would normally have about 1.5 units, but Tokyo has about four units – the recommended daily limit for a man and more than the limit for a woman, Mr Law said.

James Watt, managing director of BrewDog, is philosophical in the face of such objections. “Everything in moderation, including moderation itself. What logically follows is that you must, from time to time, have excess – this beer is for those times.”

Retailing at £4 ($7.9), Tokyo costs £1 a unit of alcohol, compared with 3.8 units for £1 ...More Info

Malt News

EU: Full employment of all operational EU malting factories
Malt exports to third countries in 2007/08 were sufficient for full employment of all operational EU malting factories. In France, Romania and Spain older ...More Info

Barley News

China: Chinese maltsters use as much local barley as possible
Barley imports from Australia, Canada and France, although better than last year, still remain far below theoretical needs, but Chinese barley malt input in ...More Info

North America: Good barley prospects for USA and Canada
The U.S. planted 1.671 mln ha of barley, a tiny bit more than last year. Barley fields are reported in good condition.

In Canada ...More Info

USA: Montana governor asks for Anheuser-Busch barley commitment

Governor Brian Schweitzer is asking Anheuser-Busch Cos. Inc. to honor its relationship with Montana farmers as the company wrestles with a buyout offer, Associated Press posted on July 9. He's urging company executives to keep them in mind when at the bargaining table, facing a possible European buy-out.

Schweitzer says Montana's decades-long relationship with Anheuser-Busch has been beneficial for the company and for barley farmers in the state.

Belgian brewer InBev SA is in the midst of trying to take over the maker of Budweiser. The contentious offer is heading to court. The turmoil has made some Northern Plains barley growers uneasy.

Roughly 25% of Budweiser beer is made with Montana barley. "They've invested a great deal of money in receiving stations in Fairfield, in Huntley, in Sidney," Schweitzer said. "And so we fully anticipate that whoever wins this battle that they will be committed to Montana. But I want to continue to work with them to make sure that Montana farmers continue to produce barley for Budweiser beer."

In a letter to the company, the governor asks it to honor the partnership as the buyout talks to continue.

Schweitzer says the company has at least $1.7 million in payroll and benefits in these communities. ...More Info

Scientific Digest

A Review of Flavour Formation in Continuous Beer Fermentations

Tomáš Brányik, António A. Vicente, Pavel Dostálek and José A. Teixeira


J. Inst. Brew. 114(1), 3-13, 2008 The attractive prospect of a continuous beer fermentation system consists mostly of the accelerated transformation of wort into beer. Although continuous beer fermentation has been studied as a promising technology for several decades, the number of industrial applications is still limited. The major obstacle hindering the extensive industrial exploitation of this technology is the difficulty in achieving the correct balance of sensory compounds in the short time typical for continuous systems. This paper offers an integral view on the particularities of continuous systems, which may impart beer a sensorial character distinct from conventionally fermented counterparts. The main groups of flavour active compounds are discussed from the perspective of possible control strategies by means of process parameters and strain selection ... Load full article, 6 pages, 456 Kb, PDF file

Barley prices.
Malting and Feed 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

Prices evolution
Source: Agriculture and Agri-Food Canada; July 2, 2008

Table of the week
EU Malt Export Licence Fixations
Table of the week.

Graph Of The Week

These Days in Business History

10 July
1933 1st police radio system operated, Eastchester Township, New York
1949 1st practical rectangular TV tube announced-Toledo, Oh
1958 1st parking meter installed in England (625 installed)

11 July
1934 FDR became 1st pres to travel through Panama Canal.
1962 1st transatlantic TV transmission via satellite (Telstar I).
1985 Coca-Cola announces the return of Coke Classic after the company had tried displacing the old formula with New Coke

12 July
1793 The world's first optical telecommunications network is launched
1854 George Eastman is born, future founder of “Kodak”
1859 Paper bag manufacturing machine patents by William Goodale, Massachusetts

13 July
1568 Dean of St. Paul's Cathedral perfects a way to bottle beer
1852 Wells, Fargo & Co. is founded by Henry Wells and William G. Fargo
1898 Guglielmo Marconi patents radio