E-Malt.com weekly newsletter
Week December 09 - December 15, 2002

1. Industry news.   2. Theoretical malt prices.   3. Malting barley prices.  

1. Industry news

Interbrew, the Belgian beer giant, has purchased from the Eijsbouts family a controlling stake in Astein, the Dutch drinks wholesaler based in Netherlands, Asten. The value of the deal was not revealed. The operations of the company and its 18 employees will be moved to the Interbrew facility in the southern Netherlands. Astein is 100 years old and deal with import beers.

The Hungarian Patent and Trademark Office has declared that Czech brewer, Budejovicky Budvar cannot use the name “Bud”. The patent office has reported that “Bud” does not refer to the city where the Czech brewer is located, Ceske Budejovice. According to Anheuser-Busch, the Czech brewer cannot claim that the names "Budweiser Bier-Budvar" or "Budweiser Budvar" are connected with its place of origin. However, Budejovicky Budvar will be permitted to use the name, "Budweiser Bier" in Hungary.

Ausbulk, the South Australian agri-business has achieved the takeover of about 93%F of the Australia’s largest malt processor, Joe White Maltings, a Victorian-based company with plants in country New South Wales and Victoria, as well as Brisbane, Adelaide and Perth, ABC News online reported. David Thomas, the spokesman of Ausbulk, says the company will now compulsorily acquire the remaining shares in Joe White Maltings. Ausbulk's offer closes next Monday.

From May 1, 2003 the tax on the low-malt beer “happoshu” will be increased by Y20.47 per 350ml if the proposal of the Japan’s Ministry of Finance is accepted. The Tax System Research Commission of the ruling Liberal Democratic Party intends to raise the taxes on happoshu, wine and some other alcoholic beverages, which currently have lower tax rates than beer and sake. However, the planned tax increases have met strong opposition from the drinks industry.

Green King, the UK regional brewer and pub operator, reported a profit before tax and exceptionals of about £35m ($55.20m) for the 24 weeks to October 19, 2002, what prevails the forecast. Analysts predicted a £34.5m profit. Green King, the brewer of Greene King IPA, Abbott Ale and Old Speckled Hen beer brands, has registered a rise of turnover of about 17% up to £249m. Company’s CEO, Tim Bridge said: "Consumer expenditure patterns are unpredictable, but we are confident that the strategic and financial position of the company, the quality of our businesses and the strength of our brands stand us in good stead even if general trading conditions deteriorate.".....more info

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

2. Theoretical malt prices.

  EURO = USD 1.0085 December 11, 2002 
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  Prestige  nq  nq  nq  nq  nq  nq  nq  nq 
2RS  Scarlett  311.50  314.00  326.50  329.50  323.50  326.50  333.00  335.50 
2RS  Aspen  310.00  313.00  325.50  328.50  322.50  325.50  331.50  334.50 
2RS  Optic  309.00  311.50  324.50  327.00  321.50  324.00  330.50  333.50 
2RS  Nevada  nq  nq  nq  nq  nq  nq  nq  nq 
2RS  Astoria  nq  nq  nq  nq  nq  nq  nq  nq 
2RS  Cork   nq  nq  nq  nq  nq  nq  nq  nq 
2RS   Average price  310.00  313.00  325.50  328.50  322.50  325.50  331.50  334.50 
2RS  FAQ  nq  nq  nq  nq  nq  nq  nq  nq 
6RW  Esterel   283.00  285.50  298.00  300.50  295.00  297.50  304.50  307.00 

Theoretical malt prices for crop 2003 are available on site www.e-malt.com

3. Malting barley prices. French barley prices. Nominal prices.

EURO = USD 1.0085 December 11, 2002 
 Crop year   2002   2003 
 Parity   FOB Creil   FOB Creil 
 Position   July 2002   July 2003 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  151.00  152.50  nq  nq 
2RS  Prestige  nq  nq  148.00  149.50 
2RS  Aspen  150.00  151.50  147.00  148.50 
2RS  Optic  149.00  150.50  145.00  146.50 
2RS  Nevada  nq  nq  143.00  144.50 
2RS  Astoria  nq  nq  143.00  144.50 
2RS  Cork   nq  nq  143.00  144.50 
6RW  Esterel   131.00  132.50  125.00  126.50 
  Esterel rendu Rouen  140.00  141.50     

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

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