1. Trading offer & request

At this moment there is one OFFER for 3000 tons of malt on the trading portal www.e-malt.com

• Offer for 1-3000 mtons of malt, 2RS Prisma, crop 2003, bulk, delivery 1/1/2004 - 31/3/2004, at EUR 270.00/mton, FOB Antwerp. (to see and make a bid to the malt offer, please click here to view code MF0310P1141)
  
  

 Top Industry News 

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

• Adolph Coors Co., the US third largest brewer, may be preparing to hop on the low-carb beer wagon, riding the frothy success of competitor Anheuser-Busch's Michelob Ultra ...more info



• Canada: The application deadline for the Barley Development Council's 2003 malting barley quality competition is October 31, The Western Producer published on October 6 ...more info



• Estonia imported about 518 tonnes of Russian beer during the first half of 2003, Russian Beer Union has posted recently. Estonia imported 619 tonnes of Russian beer in 2002 ...more info



• U.S. beer consumption has increased for the seventh straight year, in spite of price hikes, poor weather, a down economy and world events ...more info



• Miller Brewing Co., the US division of the world second largest brewer SABMiller, has spent nearly US$2 million lobbying Congress and federal agencies, the most of any beer company ...more info



• Scottish & Newcastle plc (“S&N”) announced on October 6 that it has agreed to sell S&N Retail for £2,510 million to focus on international brewing ...more info




2. Brewery News

Brazil’s leading beverage company, Companhia de Bebidas das Americas (AmBev), reported on October 3 that its beer sales volumes in Brazil decreased by about 12 % in the third quarter of the year versus the third-quarter 2002. In AmBev's last conference call (August 13, 2003) the Company indicated that it was expecting its beer sales volumes in Brazil to decline single digit during the third quarter 2003 versus the year-ago quarter. Nevertheless, the world's fifth-largest brewer said in a short statement posted late on October 3: "Despite the shortfall in volumes, AmBev's management remains confident that its revenue management initiatives, combined with its tight grip on costs and expenses and the strength of AmBev's people, among other factors, will lead the Company to achieve its internal profitability targets for 2003." The company's domination of some 70 % of the Brazilian beer market is the source of the bulk of its revenue. According to Reuters, AmBev stock hit a record high close of 703 reais on Sept. 5 but has since slumped about 10.5 % to Friday's finish at 628 reais despite a rally by Brazil's Bovespa stock index. At least one analyst has blamed the stock's drop on concerns that AmBev's volume sales would suffer in the quarter due to the weak state of Brazil's economy and because rivals had not matched price hikes AmBev made in the middle of the year.

Adolph Coors Co., the No. 3 U.S. brewer, announced on October 3 that it would change its place of incorporation from Colorado to Delaware. The proposal was approved by Class A and B shareholders. More than 28 million shares voted in favor of the measure (80 % of outstanding shares). The Golden, Colorado-based company had been incorporated in that state since its founding in 1873. "We''re pleased with the outcome of this vote," said Peter Coors, Chairman of Adolph Coors Company. "This change will be beneficial to the company and its shareholders through obtaining the benefits of Delaware''s comprehensive, widely used and extensively interpreted corporate law." The reincorporation is anticipated to become effective today, and will not result in any change in the company''s name, headquarters, business, jobs, management, location of offices or facilities, number of employees, taxes payable to the State of Colorado, assets, liabilities or net worth. Also, the company''s Class B common stock will continue to trade on the New York Stock Exchange under the symbol RKY...more info

Korea: According to the National Assembly of Korea and the Ministry of Finance and Economy yesterday, 17 Grand National Party lawmakers have submitted legislation that calls for lowering the tax rate on beer from 100% to 72% to make it equal to the rate on distilled liquor, The Korea Herald reported in a statement on October 6. Critics say that the government slaps the highest tax rate on beer to increase its tax revenue because beer is the most popular drink in the country. According to the National Tax Service's statistics on its tax revenue, the government collected 1.16 trillion won ($1 billion) in taxes from beer consumption, compared with 529.6 billion won from soju and 214.9 billion won from whiskey. Under the liquor tax law, revised in 1999, the government more than doubled the tax rate on distilled liquors such as whiskey and soju, the vodka-like traditional distilled alcoholic beverage, to 72 %. While the beer tax rate was gradually cut from 130 % to 100 %, it is still the highest among all kinds of alcoholic drinks. The tax rate on wine is 30 %...more info

The Denmark’s brewing force, Carlsberg Breweries A/S, could spend up to 4 billion kroner (US$ 625 million) on acquisitions in Asia in the next couple of years, company’s CEO, Nils Smedegaard Andersen, said in a report to the Danish daily newspaper Jyllands-Posten. "I can easily imagine that we'll invest 2-4 bln dkr in Asia during the next 2-3 years. There are many interesting areas in Asia - China, Vietnam or smaller markets," Nils S. Andersen said. He added that as China is the largest market the company was looking there already. “Following Carlsberg's joint venture problems in Thailand, Carlsberg will also look for outright ownership of businesses it buys in the region, although this may not always be possible, particularly in China.”

3. Malt News

Taiwan purchased 21,000 tons of malt through a Japanese trading house at EUR 298.50 C+F Taiwan, in bags in container of EU origin, said the sources. Sri Lanka purchased 8,000 tons of malt for 2004, at about US $ 290, FOB Antwerp, in bulk in container. Thailand purchased 20,000 tons of malt, in bulk in container, at EUR 292 C+F Bangkok. Costa Rica purchased from Canada, 12,000 tons CIF Pacific Coast, at US$ 305. According to analysts, altogether activities were small and disappointing. They said prices remained under pressure, as can be seen from traded levels.

4. Barley News

2 Row Spring malting barley and malt production in European Union. Crop 2003. Estimation.



	Total 2RS barley production '000 Mt	After sorting & screening av. %	2RS malting barley supply '000 Mt	2RS malt production '000 Mt	2RS malting barley demand '000 Mt	Balance '000 Mt
Germany	3,623	52 %	1,884	1,870	2,338	-454
France	3,878	54 %	2,094	1,020	1,275	819
United Kingdom	3,434	65 %	2,232	985	1,231	1,001
Belgium/Lux.	85	24 %	20	447	559	-538
Spain	5,980	8 %	478	371	464	14
Denmark	2,915	36 %	1,049	252	315	734
Netherlands	350	90 %	315	228	285	30
Finland	1,749	13 %	227	195	244	-17
Sweden	1,476	24 %	354	195	244	110
Ireland	891	25 %	223	163	204	19
Austria	507	33 %	167	120	150	17
Portugal				59	74	-74
Italy			40	50	63	-23
Greece				37	46	-46
Total	24,888	36.3 %	9,085	5,992	7,492	1,593



Colombia negotiates the purchase of 180,000 tons of malting barley of Australian/Canadian/EU origin for destination of all four countries on the South American Pacific Coast, delivery November 2003 – April 2004.

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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

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