E-Malt.com newsletter June 19 - June 22, 2003 .

Trading offers & requests

At this moment there are three OFFERS for 15000 tons of malt and one REQUEST for 260 tons of barley on the trading portal www.e-malt.com Offer for 1-3000 mtons of malt, 2RS, crop 2002, Bulk, delivery 1/7/2003 - 30/9/2003, at EUR 275.00 /mton, CIF St. Petersburg. (to see and make a bid to the malt offer, please click here to view code MF1806P1337) Offer for 1-10000 mtons of malt, 6RW Esterel, crop 2003, Bulk, delivery 1/1/2004 - 30/6/2004, at EUR 252.00 /mton, FOB Antwerp. (to see and make a bid to the malt offer, please click here to view code MF1806P1342) Offer for 1-2000 mtons of malt, 2RS50% / 6RW50%, crop 2003, Bags in container, delivery 1/1/2004 - 30/6/2004, at EUR 273.00 /mton, FOB Antwerp. (to see and make a bid to the malt offer, please click here to view code MF1806P1352) Request for 260 mtons of barley, Any 2R, crop 2003, packed in bags, delivery 1/10/2003 - 31/1/2004, at USD 220.00 /mton, C&F Karachi by sea. (to see and make a bid to the barley request, please click here to view code BR0906P0939)

Top Industry News (top)

Krasnii Vostok brewery from Kazani (Russia) is planning to build 2 new malting plants with an annual capacity of 100 000 tonnes and 40 000 tonnes accordingly. The total cost of this investment is estimated at US$60m. AmBev is going to invest US$40m in a new brewery in Peru. This will permit AmBev to try to introduce its products into the Andean region. It will not be easy because of stiff competition from Union de Cervecerias Peruanas Backus & Johnston, or Backus, which is controlled by Colombia's Bavaria and has a virtual monopoly in the market. Interbrew (Belgium) is considering legal action against the Slovenian competition authorities if Pivovarna Lasko, Slovenia’s largest brewer is allowed to take over Pivovarna Union. Interbrew controls 41% of Union while Lasko controls 48%. The two have been battling for control of the brewer for about a year. Baltica has begun the construction of a new malting plant in Tyla (Russia) with an annual capacity of 105 000 tonnes. The volume of needed investment is estimated at US$32m. More news is available on site www.e-malt.com, section Industry news

Theoretical malt prices.(top)

EURO = USD 1.1728 June 20, 2003   Crop year  2003  Parity  FOB Antwerp  Position  Oct 2003-Sept 2004 Conditioning  Bulk   In bags  Bulk containers  In bags in containers  Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD  2RS  Scarlett  262.00  310.00  277.50  328.00  273.50  323.50  283.00  335.00  2RS  Prestige/Cellar  261.00  308.50  276.00  326.50  272.50  322.00  282.00  333.50  2RS  Aspen  259.50  307.00  274.50  325.00  271.00  320.50  280.50  332.00  2RS  Optic  259.50  307.00  274.50  325.00  271.00  320.50  280.50  332.00  2RS  Astoria  257.00  304.00  272.50  322.00  268.50  318.00  278.50  329.00  2RS  Cork   257.00  304.00  272.50  322.00  268.50  318.00  278.50  329.00  2RS   Average price  260.00  307.50  275.00  325.50  271.50  321.00  281.00  332.50  2RS  FAQ  256.00  302.50  271.00  320.50  267.50  316.50  277.00  327.50  6RW  Esterel   248.50  294.00  263.50  312.00  260.00  307.50  269.50  319.00

Theoretical malt prices for crop 2002 are available on site www.e-malt.com

Malting barley prices. French barley prices. Nominal prices.(top)

EURO = USD 1.1728 June 20, 2003   Crop year   2002   2003   Parity   FOB Creil   FOB Creil  Basis    July 2002   July 2003  Type   Variety  EURO  USD  EURO  USD  2RS  Scarlett  116.00  137.50  126.00  149.50  2RS  Prestige/Cellar  nq  nq  125.00  148.00  2RS  Aspen  114.00  135.00  124.00  147.00  2RS  Optic  114.00  135.00  124.00  147.00  2RS  Astoria  113.00  134.00  122.00  144.50  2RS  Cork   113.00  134.00  122.00  144.50  6RW  Esterel   108.00  128.00  115.00  136.50

nq - Not quoted

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

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