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Newsletter Summary

Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Barley news
More news
Malting barley prices
Table of the week
Graph of the week
Agenda
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Average market prices Change trend

03 Oct - 04 Oct 2005
Crop 2005
2rs Barley €116.0-118.0
6rw Barley €104.0-106.0

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.
The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.


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Other e-malt.com newsletters

Last five newsletters
See this Newsletter!
Newsletter 39b, 2005

See this Newsletter!
Newsletter 39a, 2005

See this Newsletter!
Newsletter 38b, 2005

See this Newsletter!
Newsletter 38a, 2005

See this Newsletter!
Newsletter 37b, 2005



Market price evolutions

The evolution of market prices for barley and malt, which are periodically 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

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


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 Statistics section.


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E-malt.com Newsletter 40a
October 3 - October 4, 2005

Currency Rates
Base Currency: Euro, EUR
on 04-October-2005

1 EUR = 1.1918 USD
1 EUR = 0.6791 GBP
1 EUR = 1.3884 CAD
1 EUR = 1.562 AUD
1 EUR = 136.04 JPY
1 EUR = 2.6601 BRL
1 EUR = 34.1629 RUB
1 EUR = 9.6626 CNY
Base Currency: US Dollar
on 04-October-2005

1 USD = 0.8393 EUR
1 USD = 0.5698 GBP
1 USD = 1.165 CAD
1 USD = 1.3106 AUD
1 USD = 114.14 JPY
1 USD = 2.232 BRL
1 USD = 28.665 RUB
1 USD = 8.1076 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Australia: Lion Nathan still in battle for Coopers... Click here

UK & Japan: Kent-based brewer Shepherd Neame is to produce beer for the largest brewer in Japan... Click here

Russia: Tinkoff begins outsourcing property... Click here

Malaysia: The latest increase in duties will lead to another rise in beer prices... Click here

Namibia: Namibia Breweries posted profits decline for the financial year... Click here

Romania: Privatisation agency announced a tender to sell a 51.71% stake in Haber Brewery... Click here

USA: Barley production down 24% from last year... Click here

More News
Netherlands: Heineken confirms implementation of new management structure ...more info

Japan: Kirin announces increase in sales ...more info

Australia: Coopers Brewery goes on in the battle with Lion Nathan over its takeover bid ...more info

Germany: Less beer drunk at the Oktoberfest edition of 2005 ...more info

UK: Barley planted areas in Scotland decline ...more info

Australia: Coopers could be forced to disclose more information to the shareholders ...more info

USA: Anheuser-Busch honoured at Great American Beer Festival ...more info

Finland : The first gluten-free full-malt beer in the world comes from Laitila ...more info

UK: Carlsberg UK to launch campaign for Holsten Pils ...more info

South Africa: Newlands Brewery kicks off expansion plan ...more info

Russia: Glencore purchases elevators in Russia ...more info



Brewery News

Australia: Lion Nathan still in battle for Coopers

If the Lion Nathan, which is still fighting to make a hostile takeover of Coopers brewery will be blocked from doing this, there were still other companies that could be interested in acquiring Coopers shares a court heard on October 3, according to Asia Pulse.

Lion Nathan is seeking an injunction from the Federal Court of Australia to stop a Coopers shareholders meeting on October 20 from considering a resolution removing Lion Nathan's pre-emptive rights to buy Coopers shares.

The Coopers constitution states that the shares up for sale must first be offered to another Coopers shareholder, secondly to AMP or any other Coopers employee superannuation fund, and thirdly to Lion Nathan. Lion Nathan has launched a $A352 million ($US267.94 million) takeover bid for Coopers at $260 per Coopers share, which has been rejected by the Coopers board.

Legal counsel for Coopers, Dick Whitington, said the court that there were "other players" in the market, who were not brewers, who were potential bidders for Coopers shares but they were being deterred by Lion Nathan's "gatekeeper role".

Yet legal counsel for Lion Nathan, Neil Young, said it was unlikely that companies such as Rio Tinto would be interested in buying a ...

...
more info


UK & Japan: Kent-based brewer Shepherd Neame is to produce beer for the largest brewer in Japan

The Asahi deal follows two years of talks and was unveiled as Shepherd Neame brewer announced results for its 30th consecutive year of profit growth on October 4. But the brewer saw beer sales fall in volume by 2.6%, partly because of its refusal to sell Spitfire at lower prices to JD Wetherspoon.

The report on Tuesday said the company was "not prepared to reduce prices of Spitfire to maintain volumes". However sales of draught Spitfire to other customers increased by 10.5%, figures for the year showed.

Chief executive Jonathan Neame said the firm's core brands, including Spitfire were "performing well", and Asahi Super Dry was "an important addition" to the Shepherd Neame portfolio. In a final chairman's statement, Robert Neame said: "The brewery can rightly be proud of having licensed brewing agreements for premium brands with international brewing companies in India, Japan, China, Germany and Holland."

Mr Neame is standing down as chairman at the company's annual meeting, but plans to stay as a non-executive director until the end of June 2006. The company claims to be Britain's oldest brewer, dating back to 1698, and has 367 pubs in London and across the South East.

Highlights of the ...

...
more info


Russia: Tinkoff begins outsourcing property

Through selling off and leasing back its Moscow restaurant building, Tinkoff is freeing funds to invest in development. Restaurant chain Tinkoff has sold one of its prime Moscow locations to Troika Dialog Asset Management in a move to release cash for expanding its main business, The Moscow Times communicated on October 4.

Under the deal, Tinkoff will lease back the 1,900-square-meter building on Protochny Pereulok near Smolenskaya metro station for a period of 10 years, the two companies said on September 29. For Troika, the deal adds the restaurant to the expanding portfolio of its Commercial Real Estate investment trust, a vehicle allowing investors to buy a share in a portfolio of properties.

Financial details were not disclosed, but analysts estimate the restaurant building is worth between $3.5 million and $6 million. "This is the first deal of this kind in Moscow," Pavel Teplukhin, president of Troika Dialog Asset Management, said.

As the first restaurant to be sold and then leased back, the deal is something of a trailblazer, said Anna Savenko, commercial real estate expert at Jones Lang LaSalle. Previously, such deals were done with offices, she said.The deal between the two companies will be expanded to include two more ...

...
more info


Malaysia: The latest increase in duties will lead to another rise in beer prices

This is the third successive year that the Malaysian Government is increasing the excise duty on beer and stout. The 27% increase in excise duty imposed by the Government in the 2005 Budget was the highest ever duty increase in the history of the country, The Edge Daily posted on October 3 according to Malaysian Budget 2006. The latest increase in duties will lead to another increase in the already high consumer price of beer and stout.

The Confederation of Malaysian Brewers said that while sales tax has been reduced to 5%, excise duty was increased by 23% and the Government has introduced an absolutely new VAT. This results in an increase of close to 9% in terms of additional duties to be paid and it will inevitably be passed on to the consumers.

This comes as a great disappointment after last year’s steep hike of 27% and the previous year’s 10% increase. “This increase will exert tremendous pressure on us as we are already operating in a difficult, challenging and highly competitive environment”, Confederation of Malaysian Brewers said.

The price of beer and stout in Malaysia is already one of the highest in the region, especially over the last couple ...

...
more info


Namibia: Namibia Breweries posted profits decline for the financial year

Namibia Breweries Limited (NBL) revealed on September 29 mixed fortunes in the company's financial results for the 12 months ended June 30 2005. Meanwhile, the top financial officer projected better gains in the future, according to All Africa News. Shareholders' profit decreased significantly to N$21,4 million from N$40,2 million in the previous 17-month period.

NBL Group Financial Director Ciaran Duffy was quick to attribute this fall to the shorter reporting period and said the result was "negatively impacted by an increase in the provision for deferred tax as a result of timing differences which had no cash impact".

Operating profit before depreciation went down to N$73,7 million in the 12 months from N $114,6 million of the previous 17 months, while operating profit was higher at N$39 million from N$36,8 million despite the fact it was a shorter time.

However, finance costs were substantially higher in the period under review at N$15,8 million compared to the previous 17 months at N$14,034 million, which then resulted in a decrease in profit before taxation at N $22,2 million compared to the previous period, when it stood at N$32,8 million.

Net cash from operating activities increased to N$73,8 million up from N $47,2 ...

...
more info


Romania: Privatisation agency announced a tender to sell a 51.71% stake in Haber Brewery

Romania's privatisation agency announced on Monday, October 3, it would hold a tender on October 20 to sell a 51.71% stake in the Haber brewery. Interested investors must file the tender documentation by October 19 to be able to take part in the tender, Romania's privatisation agency, AVAS, said in a statement.

Haber, based in Hateg, western Romania, has a share capital of 7.98 million lei (2.2 million euro of US$2.7 million).

Barley News

USA: Barley production down 24% from last year

USDA reported the final 2005 barley production at 212 million bushels, down 10% from the August 1 forecast and down 24% from last year, according to the Idaho Barley Commission.

This is lowest US barley production reported since 1936. Average yield per acre was 64.8 bushels, down 3.4 bushels from the previous forecast and 4.8 bushels below 2004. However, the U.S. yield is the second highest on record.

The area harvested for grain was estimated at 3.28 million acres, down 6% from August and 19% below 2004. Harvested area is the lowest since 1890, when USDA stared keeping records.

Stocks - U.S. barley stocks in all positions on Sept. 1, 2005 totalled 251 million bushels, down 13% from a year ago. The June-August 2005 indicated disappearance is 89.3 million bushels, 19% below the same period a year ago.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.1918 October 04, 2005 
 Crop year   2005 
 Parity   FOB Creil 
 Position   July 2005 
Type   Variety  EURO  USD 
2RS  Scarlett  118.50  141.50 
2RS  Prestige  118.00  141.00 
2RS  Cellar  118.00  141.00 
2RS  Aspen  nq  nq 
2RS  Optic  nq  nq 
2RS  Sebastien  116.00  138.50 
2RS  Astoria  116.00  138.50 
2RS  Cork   115.50  138.00 
6RW  Esterel   105.00  125.50 
nq - Not quoted
Prices for Danish and UK malting barley are available on site www.e-malt.com/MarketPrices

Table of the week

Europe Barley Area, Yield and Production, 2005 vs. 2004

  Acreage
in 1000 ha
Yield
in tonnes/ha
Production
in 1000 tonnes
Country  2004  2005  2004  2005  2004  2005 
Austria  191  192  5.3  4.8  1,007  921 
Belgium  39  40  7.8  7.1  305  285 
Denmark  697  702  5.2  5.2  3,590  3,631 
Germany  1,979  1,964  6.6  12,993  11,789 
Finland  532  594  3.2  3.4  1,725  2,027 
France  1,629  1,607  6.8  6.5  11,041  10,379 
Greece  90  90  2.6  2.3  238  207 
Ireland  183  160  7.1  6.4  1,299  1,027 
Italy  307  319  3.8  3.5  1,169  1,116 
Luxemburg  5.8  5.8  52  52 
Netherlands  47  46  6.1  6.5  287  301 
Portugal  13  20  1.2  0.5  16  10 
Spain  3,171  3,195  3.3  1.5  10,609  4,647 
Sweden  391  381  4.3  4.2  1,692  1,611 
U.K.  1,006  967  5.8  5.6  5,860  5,447 
EU-15  10,284  10,286  4.2  51,883  43,450 
Cyprus  49  40  2.2  2.2  107  88 
Czech Rep.  469  522  4.6  2,331  2,389 
Estonia  127  142  2.3  1.9  293  273 
Hungary  331  324  4.3  3.9  1,414  1,271 
Latvia  128  131  2.2  1.9  284  246 
Lithuania  293  349  2.9  2.5  860  877 
Poland  1014  1098  3.5  3.1  3,571  3,448 
Slovakia  222  206  4.1  4.1  916  836 
Slovenia  15  15  3.9  2.5  59  38 
EU-10  2,648  2,827  3.7  3.3  9,835  9,466 
TOTAL EU  12,932  13,113  4.8  61,718  52,916 
Albania  10  10  30  30 
Bosnia  22  20  2.4  2.5  53  50 
Bulgaria  334  225  3.5  2.5  1,180  570 
Croatia  48  45  3.3  3.1  158  140 
Macedonia  60  55  2.5  2.5  149  138 
Romania  424  471  3.3  2.1  1,406  1,000 
Serbia  115  112  2.4  2.4  279  269 
Balkan  1,013  938  3.2  2.3  3,255  2,197 
Belarus  2,000  2,500 
Kazakhstan  1,600  1,900 
Russia  17,200  16,500 
Ukraine  4,656  4,151  2.3  2.1  10,615  8,838 
CIS  4,656  4,151  6.7  2.1  31,415  29,738 

Figures for Europe Winter and Spring Barley Area, Yield and Production in 2005 vs. 2004 are available on www.e-malt.com site, section Barley Statistics Click here!

Graph of the week

Agenda
October 2005:
Custom Brewcrafters Autumn Festival Of Ales
7th Annual Charlotte Oktoberfest
MBAA Brewing & Malting Science Course
BJ's Beer Appreciation Night Woodland Hills - Oktoberfest
International Beer Summit / Kokusai Beer Matsuri
5th 2005 Technical Symposium, "The US Brewing Industry Considered
10th Annual World Beer Festival
5th Annual Autumn Brew Review
Anuga 2005, is a biennial show and is known as the world
Maryland Brewer's Oktoberfest
Great Decatur Beer Tasting Festival 2005 organised in Georgia, USA
Falmouth Oyster Festival with beer and oysters
Nottingham Beer Festival.Over 350 different casks of real ale
Falmouth Beer Festival Cornwall CAMRA
28th Norwich Beer Festival, is organised by the Norwich & Norfolk Branch
New England Beer Fest,a celebration of the local New England Beer Scene
Malt and Malting Barley Symposium

November 2005:
Weekend of Belgian BeersFestival
THE DUTCH BEERFESTIVAL
Brew BLAST. Annual Beer, Lager, Ale, and Stout Tasting
Georgia Craft Brew Challenge
Maine Beer Festival
US Grains Council International Malt Barley & Malting Buyers Conference San Francisco,
GlobalGrain 2005 For more information on GlobalGrain 2005
Regina Festiv-Ale. A premium beer festival featuring the best beer from Canada
Brewtopia. The event has two tasting sessions, local brews, live entertainment, food
Festival of Barrel-Aged Beer
Great International Beer Festival
Phinney Neighborhood Association Beer Taste
Orlando Beer Festival
Great Brews of America Beerfest
5th International Forum " Drinks Industry 2005"

December 2005:
Americas Food & Beverage Show



More events are available on site e-malt.com
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