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• Molson Coors Brewing Company announced on February 9 the most recent financial results for Adolph Coors Company, reporting higher consolidated net sales ... Click here
  
  
• Poland: Kompania Piwowarska, a part of the world’s second biggest brewing group - SABMiller plc., has recently announced its sales in the fourth quarter of 2004 (October - December) were up ... Click here
  
  
• Japan: Kirin Brewery Co. announced on Tuesday, February 8, it will start selling on April 6 a malt-free beer-like sparkling alcoholic beverage, joining its biggest rival Asahi Breweries Ltd. ... Click here
  
  
• Australia: Australian beer and wine giant, Foster’s Group Limited (FGL), announced on February 8 a 0.9% decline in net profit to A$757 million (US$580 million; €451 million) for the six months ended 31 December 2004 ... Click here
  
  
• The Philippines, Manila: The Philippine Government plans to sell its 40 % stake in beer brewer San Miguel and use the proceeds to develop the coconut industry ... Click here
  
  
• United Kingdom: Pubs, clubs and other drinking venues in England and Wales can apply to stay open 24 hours a day under new laws that come into effect Monday, February 7 ... Click here
  
  
• EU malt exporters booked licences for 1.32 million tonnes until January 25, 2005 ... Click here
  
  
• Canada: For 2005-06, barley production is forecast by Agriculture and Agri-Food Canada (AAFC) to decrease by 8% from 2004-05 to 12.2 million tonnes, due to lower yields and area ... Click here
  
  
• World barley crop estimates of IGC published on January 27, 2005 ... Click here
  
  
• Australia: ABB Grain Ltd announced on February 7 it has left its harvest pools open to continue receiving feed 1 quality and malting quality barley ... Click here
  
  

Go to our news database with more than 4047 articles

Now with the possibility to be translated in 7 different languages!

• Canada: Former Molson Inc. executive Ian Molson has sold more than 43 % of his shares in Molson's voting stock after his critical comments on the Coors-Molson merger ...more info



• Canada: The Molson Coors beer giant, which is officially completing its merger today, February 9, is focusing on two downtown Denver skyscrapers for its corporate headquarters, sources said Tuesday ....more info



• USA: Anheuser-Busch Cos. paid President and Chief Executive Patrick T. Stokes a bonus of US$3.14 million for last year, Associated Press commented on February 7 ...more info



• Portugal: Anheuser-Busch Cos., the largest US brewer, won the right to challenge a Czech rival at the European Court of Human Rights over the "Budweiser" name ....more info



• Australia: Another merger of big Australian grain companies is likely within a year or two, Brendan Stewart, chairman of wheat exporter AWB Ltd., announced on February 8 ...more info



• Japan: A number of major breweries have lowered shipping prices of beer and happoshu low-malt alcoholic beverages but makers and wholesalers have asked retailers to raise retail prices ....more info



• Italy: During 2004 each Italian consumed 29 litres of beer down 3.7% compared to 30,1 litres per capita beer consumption in 2003 ...more info



• Australia: Trans-Tasman beer-maker Lion Nathan announced on February 7 its beer sales in Australia and New Zealand were suffering from price competition, a fall in demand for tap beer ....more info



• Canada: Molson Inc. announced on February 8 that as a result of anticipated changes in its capital structure, it will request approval for amendments to be made to permit ...more info



• Canada: Molson Canada 2005 announced on February 8 that as a result of anticipated changes in the capital structure of Molson Inc., its parent corporation, Molson Canada 2005 will ....more info



• Canada: Molson and Labatt have settled their suds squabble at the John Labatt Centre, allowing the beer taps to flow for the 2005 Memorial Cup ...more info



• Malaysia: The beer industry has braced itself for the effect of the outsized 26% hike in excise duty imposed since September last year in the 2005 Budget ...more info



• Ireland: The president of the Irish Farmers' Association, John Dillon, has warned Greencore of the huge discontent among tillage farmers at both the closure of the Carlow sugar factory ....more info



• Russia: SUN Interbrew Ltd (“SUN Interbrew”), a leading brewer in Russia and Ukraine, announced on February 2, 2005 that the Extraordinary General Meeting (“EGM”) of the SUN Interbrew Limited Class ....more info



• Russia: In a major victory for breweries, Russia's Duma, the lower house of parliament, is likely to amend its beer bill to allow adults to drink the beverage on the ...more info



• Ukraine: During 2004 Baltic Beverages Holding (BBH) Ukraine sold about 364 million litres of beer including exports, a 18% increase versus 309.4 million litres sold in 2003 ....more info



• Australia: South Australian grain growers are forming a working group to decide the future of barley marketing in their state ....more info



• Japan: Kirin Brewery Co., the second largest Japan’s beer-maker, announced recently it will install its first solar power system at the Kobe brewery in June 2005 ...more info

Go to our news database with more than 4047 articles

Now with the possibility to be translated in 7 different languages!

Molson Coors Brewing Company announced on February 9 the most recent financial results for Adolph Coors Company, reporting higher consolidated net sales, net income and earnings per share for the fourth quarter and full-year 2004....more info

Poland: Kompania Piwowarska, a part of the world’s second biggest brewing group - SABMiller plc., has recently announced its sales in the fourth quarter of 2004 (October - December) were up on the same quarter of the prior year by 12.9%....more info

Japan: Kirin Brewery Co. announced on Tuesday, February 8, it will start selling on April 6 a malt-free beer-like sparkling alcoholic beverage, joining its biggest rival Asahi Breweries Ltd.in the so-called third-beer market ....more info

Australia: Australian beer and wine giant, Foster’s Group Limited (FGL), announced on February 8 a 0.9% decline in net profit to A$757 million (US$580 million; €451 million) for the six months ended 31 December 2004, as sales dropped 10 %. Forster’s blamed a competitive pricing environment on its decline in net profit. The negative result occurred despite the company benefiting from A$461.7 million in significant items relating to divestment of the Lensworth Group and the disposal of its residual 10% investment in the Australian Leisure & Hospitality Group. Sales fell to A$2.03 billion (US$1.55 billion; €1.21 billion) from A$2.26 billion (US$1.73 billion; €1.35 billion) due mainly to overseas price wars. Foster's owns brands including the well-known Shanghai Beer and Guangming beers in China. Its wine labels include Australia's Wolf Blass and Greg Norman Estates, and California's Beringer and Stags' Leap. It also has wine labels in Italy and New Zealand. The result included a net one-time gain of A$461.7 million, mainly related to the A$454.2 million gain on the sale of Foster's Lensworth property business. Net profit in the previous first half was bolstered by a one-time gain of A$464.3 million, mainly relating to Foster's sale of its pubs and gaming business. Excluding one-time items, Foster's reported a net profit of A$295.3 million (US$226 million; €175.96 million) in the first half, down from A$299.8 million (US$230 million; €179.07 million) in the same period last year. "Overall, I am very pleased with the group's financial performance for the first half of fiscal 2005 and remain confident that Foster's is well placed to deliver significantly enhanced financial returns for shareholders," Chief Executive Trevor O'Hoy said. "With the major operational reviews now behind us, Foster's is at the front end of a sustained period of strong organic growth," he said. One of the few positives for the company was its EPS figure, which rose 5.3% to 37.8c per share due to a 6% reduction in share capital from Foster’s buy-back activity during the period. The group also increased its fully franked interim dividend by 5.7% to 9.25c per security. Of the better divisional operations, Foster’s highlighted Carlton & United Beverages’ growth in revenue, earnings and margins. However, trading conditions in the key markets for Foster’s Brewing International operations were very competitive. The group said Foster’s Brewing International volumes declined 1.2%, primarily driven by aggressive competitor pricing activity in the UK off trade during the peak Christmas period. The profit result comes hot on the heels’ of Foster’s A$4.17 per share, A$3.6 billion offer for local wine group Southcorp Limited (SRP)...more info

The Philippines, Manila: The Philippine Government plans to sell its 40 % stake in beer brewer San Miguel and use the proceeds to develop the coconut industry....more info

United Kingdom: Pubs, clubs and other drinking venues in England and Wales can apply to stay open 24 hours a day under new laws that come into effect Monday, February 7, according to Associated Press. Currently, many British drinkers imbibe as much as they can as quickly as they can before pubs shut at 11 p.m. Then heavy drinkers all stumble into the streets at the same time, often leading to fights and other drunken misbehaviour. The government says the new laws will help curb the problem because people will drink in a more relaxed manner and leave at different times. Although establishments can apply for the extended licences starting Monday, February 7, the new hours won't come into effect in England and Wales until November. Scotland is conducting its own review of licensing laws. Opposition politicians and many newspapers have criticized the new regulations, saying that 24-hour drinking will add to Britain's culture of boozy behavior. But culture secretary Tessa Jowell defended the plans, saying few pubs are expected to open around the clock. Although licenced premises can apply to stay open for any time during a 24-hour period, local authorities can limit the hours if nearby residents or the police raise objections. "We are not, and never have, promoted 24-hour drinking - that is a myth," Jowell said. "We are promoting flexible hours to reduce violence at last orders. "This will put a long-needed end to the double madness of people gulping two or three rounds of drinks to beat last orders and then all being chucked out at the same time," she said. Jowell said the new laws also give police more power to close down premises where the licencees are not complying with their conditions. A recent poll by the British Beer and Pub Association, which represents more than 30,500 pubs and bars, found that none intended to open for 24 hours, the government said. "The vast majority of people should be treated like the adults they are. It is ridiculous that the government should deny the entire population the right to a drink after 11 p.m.," Jowell said.

Malt News

EU malt exporters booked licences for 1.32 million tonnes until January 25, 2005....more info

Barley News

Canada: For 2005-06, barley production is forecast by Agriculture and Agri-Food Canada (AAFC) to decrease by 8% from 2004-05 to 12.2 million tonnes, due to lower yields and area, AAFC published on February 7. Farmers are expected to reduce area seeded to barley by 4% due to large carry-in stocks and low expected prices, relative to other grains and oil seeds. Average yields are expected to decrease from 3.3 t/ha to about 3.0 t/ha, AAFC said on January 14. Total supplies, however, are expected to rise slightly from 2004-2005 to 15.4 million tonnes, due to higher carry-in stocks. Domestic use is forecast to increase by 5% due to higher feed demand. Exports are projected to increase significantly, to 2.5 million tonnes, assuming increased supplies of malting quality barley. AAFC said on January 14 that the quality of the 2004-2005 barley crops is much below normal and the selection rate for malting barley is estimated to have dropped sharply, due to sprout and frost damage and high screenings. Exports of malting barley for 2005-2006 are expected to increase to 1.1 million tonnes from an estimated 0.6 million tonnes in 2004-2005. Import demand is expected to improve in the US for six-row designated barley and remain strong in China for two-row varieties. Carry-out stocks are expected to fall to 2.4 million tonnes, from 3.2 million tonnes in 2004-2005. Carry-out stocks are expected to drop to 3.1 million tonnes. Off-Board feed barley prices are forecast at C$120/t, C$10/t higher than for 2004-05. CWB pool returns for feed barley are forecast by AAFC to increase slightly from 2004-05. CWB pool returns for Special Select Two Row designated barley are forecast by AAFC at C$185/t, vs the Jan. PRO of C$178/t for 2004-05, due mainly to higher world coarse grain prices.

World barley crop estimates of IGC published on January 27, 2005: World crop 2004 barley 150 million tonnes versus 140 million tonnes in 2003....more info

Australia: ABB Grain Ltd announced on February 7 it has left its harvest pools open to continue receiving feed 1 quality and malting quality barley....more info

Theoretical malt prices.

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

Theoretical malt prices for crop 2005 are available on site www.e-malt.com/MarketPrices

Malting barley prices. French barley prices.

Nominal prices.

nq - Not quoted Prices for Danish and UK malting barley are available on site www.e-malt.com/MarketPrices

French Malting Barley Price Evolution

Table of the week

EU malt export licence fixations: (in tonnes)   2000-2001  2001-2002   2002-2003   2003-2004  July 01, 2004 - January 25, 2005    France   523,190  701,134  661,772  774,761  434,800   Germany   305,980  468,314  408,063  422,047  170,922   Belgium   277,584  296,368  287,850  317,292  225,068   U.K.    254,793  350,621  294,995  443,501  156,458   Finland   65,550  91,890  100,758  114,165  27,166   Denmark    52,326  96,812  94,791  90,452  36,243   Sweden   50,847  101,000  76,916  78,369  56,190   Netherlands   54,835  51,310  66,219  80,703  22,620   Ireland   26,003  35,145  31,140  38,900  42,924   Austria   4,850  8,840  8,620  60,211  4,234   Spain   3,000  2,400  5,640  10,000  -   Greece   1,800  1,744  1,306  979  130   Portugal   340  221  85  695  510   Italy   -  -  2  -  -   Total EU 15  1,621,098  2,205,799  2,038,157  2,432,075  1,177,265   New EU members  May-June, 04     Czech Republic         34,340  48,134   Poland         7,604  22,965   Hungary         2,830  37,457   Slovakia         1,000  38,220   Total EU 25   1,621,098  2,205,799  2,038,157  2,477,849  1,324,041    Total Wheat malt, tonnes   Total 2000-2001    4,686  Total 2001-2002    12,805  Total 2002-2003    30,908  Total 2003-2004    15,768  July 01/2004 – January 25/2005    4,001        Total Roasted malt, tonnes   Total 2000-2001    23,967  Total 2001-2002    23,480  Total 2002-2003    23,603  Total 2003-2004    24,438  July 01/2004 – January 25/2005    17,931

Graph of the week

Agenda

February 2005:
Pianeta Birra - Beverage & Co. International Show of Beers, Beverages etc., Italy;
Seminaire Orges brassicoles 2005 à Paris-Bagnolet;
Liqma International Beverage Industry Exhibition, Spain;
Canadian Food and Beverage Show;
GrainWorld 2005. Canada. CWB.;
Beer Business Daily's Second Annual Beer Industry Summit.;

March 2005:
Night of Great thirst, Belgium;
Zythos Beer Festival, Belgium;
Institute and Guild of Brewing Africa Section 10th Convention, South Africa;
China Drinktec China International Exhibition on Beverage, Brewery and Wine Technology;
FOODEX JAPAN 2005 / INTERNATIONAL FOOD & BEVERAGE EXH;
International Food and Drink (IFE), UK;
Deltabierfestival, The Netherlands;
Spring Beer Festival "Hops on Equinox", Seattle;
Brew and Beverage Industry - Beer Auction International Trade Fair, Russia;
Siebel Institute Brewing Profitability Workshop;

April 2005:
Helsinki Beer Festival;
Concise Course in Brewing Technology;
World Barley, Malt & Beer Conference 2005;
JOINT LEGISLATIVE CONFERENCE. Washington, D.C., USA;
BEER. Exhibition Pavilion Minsk.;
Craft Brewers Conference & BrewExpo America;
Classic City Brewfest, Athens, GA;
WINES, BEERS AND DRINKS Exhibition for the Beverage Industry. Krasnoyarsk, Russia;
Excursion to West-Flanders;

More events are available on site e-malt.com