If you want to see the web version you may click here or access http://e-malt.com/Publications.asp?Command=PublicationShow&PublicationID=1147
wwww.e-malt.com

Newsletter Summary

Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Malt news
Barley news
Hops news
More news
Malt Price Evolution
Malting barley prices
Table of the week
Graph of the week
Agenda
Do you know e-malt.com?




Average market prices Change trend

11 Jul-13 Jul 2005
Crop 2005
2rs Barley €116.0-117.0 -0.85%
6rw Barley €106.0-108.0 -0.93%

Note: Just click on the price link and you will be led to our Market Price History.
Average barley market prices are French and are estimated on FOB Creil basis.
Average malt market prices are estimated on FOB Antwerp basis.
The changes are compared to last Newsletter's prices.
Arrows indicate the direction of the change.



Easy E-malt.com



Access to E-malt.com

User name

Password


Use the above form to have a full immediate access to E-malt.com site!

Through the drop-down menu you can easily remind your username and password; change your username and password or even edit your account!

Do you know
E-malt.com ?

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters' Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

Updated figures related to USA barley and malt trade with Mexico and Canada could be seen in NAFTA section of e-malt.com menu. To this purpose please enter e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!


E-malt.com Links!

  • Industry news
  • Market prices
  • EU Regulations
  • NAFTA
  • Specifications
  • Special malts
  • Professional Help
  • Trading online
  • Costing online
  • Statistics
  • Graphs
  • NewsLetters
  • Agenda
  • Accounts
  • Log In
  • Contact us

Other e-malt.com newsletters

Last five newsletters

See this Newsletter!
Newsletter 27b, 2004

See this Newsletter!
Newsletter 27a, 2005

See this Newsletter!
Newsletter 26b, 2005

See this Newsletter!
Newsletter 26a, 2004

See this Newsletter!
Newsletter 25b 2004



Market price evolutions

The evolution of market prices for barley and malt, which are periodicaly issued with e-malt.com newsletters are published on e-malt.com site in Market Prices section. Just click here!

Available market price evolutions


E-malt.com graphs

All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.
Last five graphs



The graphs are updated from time to time. Just see the updates online on e-malt.com site!

E-malt.com Tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statisctis section.

Last five tables
search in statistics



Note

If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com


If you have received this newsletter from a colleague, you can obtain your own subscription here! You are not registered yet? You may register here.


You may recommend our site to your friend by clicking here


If you do not wish to receive our newsletter, please unsubscribe your e-mail address (@EMAILADDRESS@) from our mailing list by sending us an e-mail info@e-malt.com

E-malt.com Newsletter 28a
July 11 - July 13, 2005

Currency Rates
Base Currency: Euro, EUR
on 13-July-2005

1 EUR = 1.2244 USD
1 EUR = 0.6886 GBP
1 EUR = 1.4727 CAD
1 EUR = 1.6177 AUD
1 EUR = 135.72 JPY
1 EUR = 2.8686 BRL
1 EUR = 34.9995 RUB
1 EUR = 10.146 CNY
Base Currency: US Dollar
on 13-July-2005

1 USD = 0.8169 EUR
1 USD = 0.5624 GBP
1 USD = 1.2028 CAD
1 USD = 1.3212 AUD
1 USD = 110.88 JPY
1 USD = 2.3429 BRL
1 USD = 28.585 RUB
1 USD = 8.2865 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
    EU: Malt licence bookings in 2004/2005 decreased by 11.7% year-on-year Click here

    Russia: Heineken conquers Siberia, acquiring the sixth brewer in Russia ... Click here

    Japan: Shipments of beer, beer-like drinks drop 2.7 % in the first half ... Click here

    Brazil & Belgium: InBev and AmBev announced merger of Brazilian entities ... Click here

    Kenya: East African Breweries invests to produce more cheap beer ... Click here

    Canada: Brick Brewery starts importing beer ... Click here

    Germany: Bestmalz AG agrees to cooperation with two more partners ... Click here

    USA: Barley harvest may slip 13% in USA ... Click here

    New Zealand: 2005 HOP CROP ... Click here


More News
    USA: Molson, Coors misled investors, lawsuit alleges ...more info

    EU: Barley crop forecasts in the EU vary from 53.7 to 54.3 mln tonnes ...more info

    Russia: Deputies supported beer excise rate increase ...more info

    Russia, Georgia & Armenia: Baltika resumes beer exports to Georgia, Armenia ...more info

    USA: Barley could be an alternative source of grain for ethanol producers ...more info

    Belgium: InBev's first-half beer volume sales up 4% ...more info

    Australia: Australia's first ever "beer school" ...more info

    Thailand: Thai Asia Pacific Brewery expects sales of US$178.8 million in 2005 ...more info

    UK: Young & Co says Q1 trading 'satisfactory' at annual general meeting ...more info

    Taiwan: Chiu Da-tsun named new head coach for Taiwan Beer ...more info

    Japan & China: Japanese government checks Chinese beer for carcinogens ...more info

    New Zealand: Monteith’s brewing company maximising the malt for BrewNZ ...more info

    Belarus: Barley harvest campaign is started ...more info



Brewery News
Russia: Heineken conquers Siberia, acquiring the sixth brewer in Russia

Heineken N.V. announced on July 13 that it has signed an agreement to acquire 100% of Baikal Beer Company in Irkutsk, Russia.

The transaction will be funded from available cash resources and is subject to regulatory approval. The acquisition will be earnings enhancing in 2006 and is value enhancing in 2011. As agreed by both parties the acquisition price will not be disclosed.

As a result of this transaction, the market share of Heineken in Russia will grow to 10.6%, with volumes over 8.5 million hectolitres, further strengthening the number three position of Heineken in the world’s fifth largest and rapidly growing beer market.

Jean François van Boxmeer, member of the Executive Board of Heineken N.V. commented: "Acquisition of the Baikal brewery further strengthens Heineken's network of regional production and distribution units spread over Russia and will enable Heineken to acquire a leading position in the Eastern part of the Siberian region."

The Baikal brewery is located in Irkutsk, situated in Siberia, which accounts for 6.3% of the total beer market. The Baikal Brewery is the only significant brewery in Eastern Siberia. The brewery has a sales capacity of 1 million hectoliters, which can be upgraded to 2 million hectoliters. The portfolio consists of the regional beer brands including Zhigulevskoye, Yantarnoe, Rizhskoe, Komanda, Gubernatorskoe, and Brandmayor, which represented a total volume of 557,000 hectolitres of beer. In 2004, national market share of Baikal Brewery was 0.6% and market share in the Siberian region was 13%. ...more info



Japan: Shipments of beer, beer-like drinks drop 2.7 % in the first half

Shipments in Japan of beer and beer-like alcoholic beverages by five major domestic brewers dropped 2.7 % in the first half of 2005 from a year before for the fourth straight decline on a first-half basis, Kyodo News cited industry data released on Tuesday, July 12.

Overall shipments by Kirin Brewery Co., Asahi Breweries Ltd., Suntory Ltd., Orion Breweries Ltd. and Sapporo Breweries Ltd. totaled 228.26 million cases. All five suffered first-half falls for the first time since the data were first gathered in 1992. One case holds 12.66 liters, or the equivalent of 20 633-milliliter bottles.

Shipments of a beer-like sparkling alcoholic beverage, known as "third-category" beer, more than tripled to 32.66 million cases, reflecting its popularity for its cheap prices stemming from lower liquor taxes. It accounted for 14.3 percent of overall shipments, up sharply from 4.4 percent a year before.

But shipments of "happoshu" low-malt beer slumped 20.2 percent to 70.46 million cases with a 30.9 percent share. Those of traditional beer fell 8.0 percent to 125.13 million cases with a 54.8 percent share, dropping for the ninth consecutive first-half period. ...more info



Brazil & Belgium: InBev and AmBev announced merger of Brazilian entities

InBev announced on July 11 the proposed merger between InBev Holding Brasil and AmBev. The merger will lead to financial benefits for shareholders.

AmBev’s Board of Directors called on July 11 an extraordinary shareholders meeting to be held on July 28, 2005. The meeting will decide on the merger into AmBev of InBev Holding Brasil, the 100 % InBev Brazilian subsidiary owning a 55.5% economic stake in AmBev.

The Merger is part of a corporate structure simplification which already resulted in the merger of other Brazilian companies into AmBev and into InBev Holding Brasil.

The Merger will result in financial benefits to AmBev and InBev. The goodwill resulting from the acquisition of AmBev’s shares through (1) the Labatt contribution dated August 27, 2004 and (2) the mandatory tender offer for AmBev common shares dated March 29, 2005 will be, following the Merger, amortized by AmBev up to 10 years, according to the applicable tax legislation. The total goodwill arising from the 2 transactions detailed above, amounts to 8,5 billion BRL [3 billion EUR at an exchange rate of 1 EUR = 2.8 BRL].

According to Brazilian legislation, the goodwill tax benefits resulting from the Merger will be capitalized into AmBev to the advantage of InBev Holding Brasil’s shareholder, InBev – upon the actual obtaining of the tax benefit by AmBev. Nevertheless, all AmBev shareholders will have preemptive rights in the subscription of the capital increase resulting therefrom. ...more info



Kenya: East African Breweries invests to produce more cheap beer

East African Breweries, the region's largest company by market capitalisation, said on July 12 that it was investing in additional machinery to increase output of one of its low-cost beers.

Ken Kariuki, the director of external affairs, said on Monday that the firm was spending 1 billion shillings (R87.90 million) to raise production of Senator Keg, a year and a half after its initial launch, in response to increased demand following the deaths of at least 48 people in the Machakos district south of Nairobi last month from drinking illicit alcohol.

"What we are doing now is to up our capacity as a result of the need that we are seeing in the market whereby people have died," Kariuki said. "We know that we have to provide a credible alternative as quickly as possible. This is a brand that has already been in the market."

More than half of Kenya's 30 million population lives on less than a dollar a day and those wishing to drink alcohol struggle to afford most beers in the market, which cost between 65 shillings and 100 shillings per bottle. ...more info



Canada: Brick Brewery starts importing beer

Brick Brewing Co. Limited, founded by Jim Brickman in 1984 announced on July 12 that besides brewing beer it will now start representing imported beer as well.

Brick has entered into an agreement of understanding to team up with High Falls Brewing Company of Rochester, New York to be their exclusive import agent for Ontario. High Falls is best known for their Genesee and JW Dundee families of beers. The award winning JW Dundee Honey Brown was one of the first Honey Brown beers in North America.

"Import beers make up a considerable share of the Canadian market," said Jim Brickman, Founder and Chairman of Brick. "We want to participate in this segment of the market and are very excited to be selected as the partner to import Genesee and JW Dundee beers into Ontario. These beers are well known and well liked by beer drinkers in Canada who travel to the United States."

Genesee Lager and Ice have been available in Ontario through LCBO stores but Brick plans to expand distribution to include The Beer Store and to increase promotional efforts for the Genesee brand family.

"Brick is well respected for their beers in Canada," said John Henderson, President and COO of High Falls Brewing Company. "They understand what it takes to make brands successful in Canada. Our companies are similar in many ways in that we are each focused on offering both a variety of high quality value and premium beers. We are looking forward to working with Brick to introduce more consumers to our excellent award winning beers." he added. ...more info

Malt News

EU: Malt licence bookings in 2004/2005 decreased by 11.7% year-on-year

Malt licence bookings during the past grain year, July 01, 2004 - June 28, 2005, were of 2.22 million tonnes versus 2.48 million tonnes in 2003/04. The new member countries of the EU could only book restitutions during May/June 2004, they fixed 46,000 tonnes of certificate then, but 277,000 tonnes during their first full year of membership.

It should be taken into account that part of the former exports have changed to domestic sales after the enlargement, but nevertheless total exports of the larger EU should have increased to 2.5 – 2.55 million tonnes, to match last year’s performance. Instead EU maltsters lost 300,000 tonnes of export sales.



Germany: Bestmalz AG agrees to cooperation with two more partners

Bestmalz AG announced on July 12 that Heine Malz and Malzfabrik Langkopf have become members of the Bestmalz group of companies.

The market for brewing malt and brewing wheat has seriously changed in recent years for the malt industry, Bestmalz said. Increasing globalization and consolidation within the brewing industry has also forced the supply industry to adapt its own structures to be able to fulfill the wishes and demands of the breweries even better and with optimized logistics in the future beyond global supplying of all locations.

This is why the Palatia Malz GmbH and Malzfabrik Hoepfner GmbH & Co. KG companies founded BESTMALZ AG (www.bestmalz.com) in 2001. In addition to the entire sales activity for malt, BESTMALZ has also taken on the responsibility for the areas of quality management, logistic and technical support for the partners.

This cooperation was expanded on July 12. The Heine Malz GmbH and Malzfabrik Langkopf GmbH in Peine have joined the Bestmalz AG. Beginning January 2006, all sales activities will be performed by Bestmalz. Volker Riechers has been appointed to the management board of Bestmalz AG where he joins the current board members, Wolfgang Nusselt and Martin Goehler. ...more info

Barley News

USA: Barley harvest may slip 13% in USA

This year's barley crop in the United States is expected to reach 243 million bushels (5.29 million metric tonnes), 13% below 2004, according to the latest USDA crop report of July 11.

Based on conditions as of July 1, the average yield is forecast at 70.0 bushels (1.52 metric tonnes) per acre, up 0.6 bushel ( 0.013 metric tonnes) from last year. If realized, this would be the highest yield on record. Area for harvest, at 3.47 million acres, is down 14% from 2004 and the lowest since 1890.

Production declines are expected for all of last year's 13 largest producing States, mostly due to decreased acreage. Area harvested is expected to decrease in all of last year's 12 largest producing States.

Forecast yields are at or above 2004 in most States, and, if realized, would set new record highs in Colorado and Montana and tie record high yields in Idaho and Utah. In North Dakota, yield is forecast at 70 bushels per acre, up 1 bushel from last year, but area harvested, at 1.15 million acres, is down 22% from last year and the lowest since 1936, resulting in a 21% decrease in expected production.

Hops News

New Zealand: 2005 HOP CROP

The 2005 New Zealand hop harvest was completed in March. The 2004/05 growing season was characterised by a mild Spring followed by a cold and wet early Summer period. From mid January onwards the weather improved and plenty of sunshine ensured a good looking crop. There was an abundance of cones on the vine, with less than the usual number of leaves.

The 2005 yield is an improvement on the previous crop year, and the quality is excellent. Alpha levels were expected to be above average, but on harvest analysis showed closer to average level for the various varieties, which we attribute to the cold and wet early Summer weather.

The crop is currently being processed into pellets and a large portion will be further processed into CO2 hop extract by our JV super-critical extraction company Extract Solutions Ltd.

The majority of the crop is presold, with some surplus hops still available in New Zealand Hallertau Aroma variety and various high alpha hops.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2244 July 13, 2005 
 Crop year   2004   2005 
 Parity   FOB Creil   FOB Creil 
 Position   July 2004   July 2005 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  nq  nq  117,00  143,50 
2RS  Prestige  nq  nq  117,00  143,50 
2RS  Cellar  nq  nq  117,00  143,50 
2RS  Aspen  nq  nq  nq  nq 
2RS  Optic  nq  nq  nq  nq 
2RS  Sebastien  nq  nq  116,00  142,50 
2RS  Astoria  nq  nq  116,00  142,50 
2RS  Cork   nq  nq  115,00  141,00 
6RW  Esterel   nq  nq  107,00  131,50 
nq - Not quoted
Prices for Danish and UK malting barley are available on site www.e-malt.com/MarketPrices

Table of the week
EU Malt Export Licence Fixations:

(in tonnes)   2000-2001  2001-2002   2002-2003   2003-2004  July 01, 2004 - June 28, 2005  
 France   523,190  701,134  661,772  774,761  674,140 
 Germany   305,980  468,314  408,063  422,047  295,876 
 Belgium   277,584  296,368  287,850  317,292  418,344 
 U.K. 254,793  350,621  294,995  443,501  201,892 
 Finland   65,550  91,890  100,758  114,165  64,986 
 Denmark    52,326  96,812  94,791  90,452  74,743 
 Sweden   50,847  101,000  76,916  78,369  88,840 
 Netherlands   54,835  51,310  66,219  80,703  49,128 
 Ireland   26,003  35,145  31,140  38,900  56,924 
 Austria   4,850  8,840  8,620  60,211  16,954 
 Spain   3,000  2,400  5,640  10,000 
 Greece   1,800  1,744  1,306  979  130 
 Portugal   340  221  85  695  850 
 Italy  
 Total EU 15  1,621,098  2,205,799  2,038,157  2,432,075  1,942,807 
 New EU members  May-June, 04   
 Czech Republic         34,340  82,062 
 Poland         7,604  32,084 
 Hungary         2,830  85,792 
 Slovakia         1,000  76,916 
 Total EU 25   1,621,098  2,205,799  2,038,157  2,477,849  2,219,661 

  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 – June 28/2005    8,162 
   
  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 – June 28/2005    27,212 
Graph of the week

Agenda
July 2005:
Interwine China. International Wine, Brewery and Beverage Processing Technology and Equipment Trade Fair;
2005 North American Barley Researchers Workshop;
U.S. Grains Council Summer Board Meeting;
District Eastern Canada MBAA annual convention;
Open Door to "Mortal's Beers";


More events are available on site e-malt.com
Copyright © E-Malt s.a. 2005