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E-Malt.com newsletter
March 31 - April 02, 2003

     Summary
1. Trading info
2. Industry news
3. Theoretical malt prices
4. Malting barley prices
Currency rate
for 01-Apr-2003
1 EUR = 1.0927 USD
1 EUR = 0.6902 GBP
1 EUR = 1.6041 CAD
1 EUR = 1.8088 AUD
1 EUR = 128.9 JPY
1 EUR = 3.6748 BRL
1 EUR = 34.3108 RUB

1. Trading info

At this moment there are three OFFERS for 4500 tons of malt on the trading portal www.e-malt.com

  • Offer for 500-2000 mtons of malt, 2RS, crop 2002, bulk, delivery 1/6/2003 - 30/9/2003, at EUR 288.00 /mton, FOB Antwerp. (to see and make a bid to the malt offer, please click here to view code MF0204P1215)

  • Offer for 800-2000 mtons of malt, ASIA MALT 5/5 (2RS(50%) / 6RW(50%)), crop 2002, bulk, delivery 15/4/2003 - 31/8/2003, at EUR 283.00 /mton, FOB Antwerp. (to see and make a bid to the malt offer, please click here to view code MF0204P1206)

  • Offer for 1-500 mtons of malt, 6RW Esterel, crop 2002, Bags in container, delivery 1/4/2003 - 30/6/2003, at USD 372.00 /mton, CIF Ho Chi Minh. (to see and make a bid to the malt offer, please click here to view code MF0204P1151)

 Top Industry News 


  • Beer output in some countries. Click here

  • The Russian brewer Yarpivo has reported a 7% rise of sales for the first three months of the year... Click here

  • Heineken N.V. announced on April 1 that it has acquired 68.8% of the shares of the Croatian brewer Karlovacka Pivovara d.d... Click here

  • Baltika Brewery, the key Russian holding of Carlsberg and Scottish & Newcastle, said on March 31 it was opening a plant in Russia's far east... Click here

  • The Russian-Ukrainian unit of Belgian Interbrew, Sun Interbrew, announced on March 28 that is to purchace eight breweries in Russia... Click here

  • On March 28, CEO of the third largest Russian brewery ZAO Ochakovo has signed an agreement with the Governor of Tyumen Region about building a new brewery in Tyumen ... Click here


More news is available on site www.e-malt.com  

  • Radeberger Gruppe AG, the third largest brewer in Germany after Holsten and Interbrew, is planning to expand, the company's CEO reported in a statement ...more info


  • Initial public offering for Beer Thai Co. is likely to take place during 2003, said Merrill Lynch Phatra Securities, the financial adviser for Beer Thai according to Bangkok Post ...more info


  • Axel Meermann, the chairman of the Munich brewery, Paulaner, has been sacked, German press reported ...more info


  • Guangdong Investment Ltd., has signed a 75 billion yuan (US$1=CNY8.28) deal that will raise its Guangdong Brewery Holdings Ltd.'s stake in three related companies ...more info


  • The German brewer owned by Brau und Brunnen, Rostocker Brauerei, celebrated on March 28th its 125th anyversary and changed its name to Hanseatische Brauerei Rostock ...more info


  • Harboes Bryggeri, the Danish brewer and soft drinks company, has reported a 4% rise of pre-tax profit for the first nine months of the 2002-2003 fiscal year up to DKr44.9m ...more info


  • Ontario's brewers applaud Finance Minister Ecker and The Honourable Tim Hudak, Minister of Consumer and Business Services, for implementing a fairer and more efficient tax collection system ...more info


  • Dinkelacker-Schwaben Brau AG, the German brewery, announced that it has registered a rise of 9.1% of net profit for the 2001/2002 fiscal year up to EUR 6.4 million ...more info


  • HVB Group, the German banking group, is holding negotiations with Interbrew and Scottish & Newcastle (S&N) regarding the sale of its 55% stake in German brewery, Brau und Brunnen ...more info


  • 2. Industry news

    Beer output in some countries. (in thousand hl)

      2001  2002 
    Netherlands  25,232  24,898 
    Canada  21,214  21,369 
    Russia  62,700  70,250 
    Poland  24,686  26,583 
    Czech Republic  16,199  16,454 
    Slovakia  5,031  5,333 
    Hungary  7,150  7,404 
    Romania  11,281  11,472 


    The Russian brewer Yarpivo has reported a 7% rise of sales for the first three months of the year. The company sold about 110 million litres of beer in January-March 2003 versus 103 million litres for the same period of 2002. Sales volumes for the first three months of the year were estimated at 1,184 million RUB (1 EUR = 34.3108 RUB) 22% up compared to the same period of 2002 (974,298 thousand RUB). In 2003 Yarpivo launched a new brand called Volga Yachmenoie (Volga Barley) in 1.5 l PET bottle.

    Heineken N.V. announced on April 1 that it has acquired 68.8% of the shares of the Croatian brewer Karlovacka Pivovara d.d. for an amount of 1,804.59 kuna (EUR 234.61) per share from Southern Breweries Establishment, a joint venture of which CCU owns 50%. The acquisition is related to the transactions as announced on 14 January 2003. Karlovacka Pivovara is the second largest brewer in Croatia with a sales volume of 820,000 hl of beer in 2002 and has a 19% market share. The most important brand is Karlovacko Pivo, a lager beer with strong historic roots in Croatia. A dark beer and an alcohol-free beer are also part of the brand portfolio...more info

    Baltika Brewery, the key Russian holding of Carlsberg and Scottish & Newcastle, said on March 31 it was opening a plant in Russia's far east to tap a vast Chinese market over the border, according to Reuters. "On the 11th, we are going to be opening a plant in Khabarovsk," Baltika president Taimuraz Bolloyev told reporters gathered at his glistening, modern flagship brewery in an otherwise drab industrial suburb of St Petersburg. Bolloyev said the factory in the far eastern provincial capital, just a few miles from the Chinese border, would become a staging post, providing a distribution link for a market nearly as large as all of Russia with its 144 million population. It will be Baltika's fifth -- adding to a network in St. Petersburg, in Tula south of Moscow and still further south in Samara and Rostov-on-Don...more info

    The Russian-Ukrainian unit of Belgian Interbrew, Sun Interbrew, announced on March 28 that is to purchace eight breweries in Russia. Joe Strella, Sun Interbrew's manager for Russia, said: "There are eight breweries (we are interested in buying) and if they come up for sale we will look at them very closely." However no specific names were mentioned. The company also said it would not be building any new plants. Sun Interbrew is to issue a bond of between 50m and 100m this year. Alan Hibbert, chief financial officer, said the reason of the action is to refinance some of its 150m debt. The company hasn't decided whether to issue a Eurobond or a local ruble bond, added Hibbert. Sun Interbrew posted a net loss according to generally accepted accounting principles (GAAP) of 3.6m for 2002, against a net profit of 22.4m in 2001.

    On March 28, CEO of the third largest Russian brewery ZAO Ochakovo has signed an agreement with the Governor of Tyumen Region about building a new brewery in Tyumen, Siberia. The plant is expected to brew about 100 million litres of beer per year with the possibilities up to 150 million litres. The design work is to begin in 2003, said Alexei Kochetov, CEO of Ochakovo. The plant building is planed to start in 2004 and end in 2006. Ochakovo will invest about US$ 40 million in brewery production. The new plant is expected to provide with beer not only Tyumen region, but also the whole Ural district, Siberia and perhaps the Far East. The future brewery will offer about 500 new work places, mentioned the Governor. Nowadays, about all well-known beer brands are present in Tyumen Region, but the major are Baltika with 17% of beer market, Ochakovo 15.49% and Sibirskaia korona 11%. With the entering of the new plant Ochakovo plans to increase its share in the regional beer market up to 50%.


3. Theoretical malt prices.

  EURO = USD 1.0927 April 01, 2003 
Crop year  2002 
Parity  FOB Antwerp 
Position  Oct 2002-Sept 2003 
Conditioning  Bulk   In bags  Bulk containers  In bags in containers 
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Prisma  280.00  306.00  295.50  322.50  291.50  318.50  301.00  329.00 
2RS  Scarlett  281.50  307.50  296.50  324.00  293.00  320.00  302.50  330.50 
2RS  Aspen  280.00  306.00  295.50  322.50  291.50  318.50  301.00  329.00 
2RS  Optic  279.00  304.50  294.00  321.50  290.50  317.50  300.00  327.50 
2RS  Astoria  274.00  299.50  289.00  316.00  285.50  312.00  295.00  322.50 
2RS  Cork   274.00  299.50  289.00  316.00  285.50  312.00  295.00  322.50 
2RS   Average price  278.50  304.50  293.50  321.00  290.00  317.00  299.50  327.50 
2RS  FAQ  272.50  298.00  288.00  314.50  284.50  310.50  293.50  321.00 
6RW  Esterel   264.50  289.50  280.00  305.50  276.50  302.00  285.50  312.50 
Theoretical malt prices for crop 2003 are available on site www.e-malt.com
4. Malting barley prices. French barley prices. Nominal prices.
EURO = USD 1.0927 April 01, 2003 
 Crop year   2002   2003 
 Parity   FOB Creil   FOB Creil 
 Position   July 2002   July 2003 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  133.50  146.00  135.00  147.50 
2RS  Prisma  132.50  145.00  nq  nq 
2RS  Prestige  nq  nq  133.00  145.50 
2RS  Aspen  132.50  145.00  132.50  145.00 
2RS  Optic  131.50  144.00  132.50  145.00 
2RS  Astoria  127.50  139.50  131.50  144.00 
2RS  Cork   127.50  139.50  131.50  144.00 
6RW  Esterel   120.00  131.50  122.50  134.00 

nq - Not quoted

Prices for Danish and UK malting barley are available on site www.e-malt.com


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