1. Trading offer & request

At this moment there is one OFFER for 1-2000 tons of malt on the trading portal www.e-malt.com

• Offer for 1-2000 mtons of malt, 6RW, crop 2003, Esterel, delivery 1/10/2003 - 31/7/2004, at EUR 258.00/mton, CIF Antwerp. (to see and make a bid to the malt offer, please click here to view code MF0108P1052)
  
  

 Top Industry News 

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

• The Maharashtra government has decided to increase the price of strong beer and reduce that of mild beer...more info



• Sapporo Holdings, the company that owns the Japanese brewer, Sapporo, has said it will report a bigger net loss for the first half than anticipated, attributing the revised outlook to slow beer sales in the first half...more info



• Grupo Empresarial Bavaria (GEB), the Colombian brewing group, reported consolidated net income of COP41.9 billion for the first half of 2003 ...more info



• Boston Beer Co., one of the biggest US brewers, has posted a decline of 36% of the second-quarter 2003 earnings versus the second quarter of the previous year. ...more info



• The USDA forecasts a barley crop of 6,532 Mill. tons vs. 4.940 Mill. tons in 2002...more info






2. Brewery News

Interbrew, the Belgian brewing force, has lost its appeal to a Slovenian administrative court complaining against the takeover of the Slovenian brewer, Pivovarna Union, by Pivovarna Lasko, the country's leading beermaker. The appeal was against a ruling by Slovenian competition authorities earlier this month. Interbrew owns 41% of Union and wanted to move to a majority participation. However, Lasko moved to acquire a 48% stake in Union earlier this month and together with indirectly-held stakes now has an effective controlling majority of the company... more info

Sun Interbrew, the Russian brewer, has acquired a 7.89% government-owned stake of the Perm Brewery, according to a statement on the Interfax news agency. The acquisition made Sun Interbrew the absolute owner of the Brewery. Sun Interbrew's subsidiary, Sun Ventures Limited, already controls 92.11% of Perm Brewery

Canada's oldest and largest brewer, Molson Inc., posted a lower first-quarter net profit because of a drop in sales and volumes in Brazil, where it also took a charge for the closure of a plant, announced the company on July 31, according to Reuters. The company said it was confident sales at its Brazilian beer subsidiary Kaiser would turn around. They were up dramatically in July, Molson said, and were expected to remain strong in the upcoming months. "We knew it was coming, but I am feeling very good about Brazil. I expect we will improve in Brazil and the steps taken were required," said Daniel J. O'Neill, Molson president and chief executive. "The original profit, market and volume share targets for Kaiser will be met or surpassed for the year," he told analysts. Molson shares fell C$1.80, or 4.9 %, to C$35.35 on July 31 on the Toronto Stock Exchange. The stock has gained more than 5.4 percent since the beginning of the year... more info

SABMiller Plc, the world's second-biggest brewer, announced on July 30 that first-quarter earnings showed a "satisfactory increase" driven by strength in Europe and South African markets and favourable currency moves. The maker of Miller Lite, Pilsner Urquell and Castle beers said profits at its recently acquired U.S. brewer, Miller, were lower than the year before, but in line with its expectations, Reuters reported in a statement. SABMiller disappointed investors in May by saying it would take three years to turn around Miller, which it bought for $5.6 billion last July. Miller has been losing sales and market share for years as it battles the world's biggest brewer, Anheuser-Busch, which makes Budweiser and controls half the U.S. beer market... more info

3. Malt News

Malt: Ukraine imported about 9.4 thousand tons of malt in June 2003 that is above two times more versus May, when Ukraine imported 3.9 thousand tons of malt. The main reason of increasing the malt import is the production peak of beer in summer period. It is supposed the malt import to continue increasing in next months. Ukraine is manly supplied with malt by Austrian and American companies. In the first half of the year Ukraine imported more than 30 thousand tons of malt.

4. Barley News

In a tumultuous session the EU Commissionner for Agriculture Mr. Fischler decided to cancel all export tenders of grains, not malt. Exporters can only book 60 days licences with a “dash” instead of “zero”. It means that restitution or export tax valid on day of export would apply. In 1999 the EU countries wanted to abolish the export tax, which move was blocked by France. It is supposed to be used in emergencies. This morning a Commission man told us that they want to discourage or even prevent exports. Now in the trade there are two opinions: a) offer as usual, as an export tax is unlikely or b) offer only with a protection clause for the case of an export tax. In any case this decision may puch down the internal market prices. It is all due to the smaller overall – mainly wheat – crop, to the continuing heat, which could do damage to maize, beet and potatoes, to the open question, what will come out of the Black Sea. It is certainly an overreaction, also caused by the August holidays. No committee meetings on August 21 and 21. By September we will see clearer.

Barley: The barley crop was 93 percent headed, compared with 88 percent last year and the 5-year average of 90 percent, USDA reported on July 22. Heading was nearly complete or virtually complete in all States. The crop condition crop deteriorated in all States, due to abnormally high temperatures and dry conditions.

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