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E-Malt.com newsletter - November 24 - November 26, 2003 If you want to see the web version you may click here or access http://e-malt.com/mcommon/newsletter48a_2003.htm

E-Malt.com newsletter
November 24 - November 26, 2003

     Summary
1. Trading offer & request
2. Brewery News
3. Malt News
4. Barley News
5. More News
6. Theoretical malt prices
7. Malting barley prices
8. Barley Price Evolution Graph
9. Do you know e-malt.com?
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Access news database! Go to our news database with 1726 articles Currency rate
for 26-Nov-2003 / EUR
1 EUR = 1.1788 USD
1 EUR = 0.6944 GBP
1 EUR = 1.5453 CAD
1 EUR = 1.6418 AUD
1 EUR = 128.95 JPY
1 EUR = 3.4621 BRL
1 EUR = 35.0575 RUB
Currency rate
for 26-Nov-2003 / USD
1 USD = 0.8486 EUR
1 USD = 0.5890 GBP
1 USD = 1.3109 CAD
1 USD = 1.3928 AUD
1 USD = 109.43 JPY
1 USD = 2.9370 BRL
1 USD = 29.740 RUB

1. Trading offer & request

At this moment there are two OFFERS for 7000 tons of malt on the trading portal www.e-malt.com

  • Offer for 1-3000 mtons of malt, 2RS Prestige, crop 2003, Bags in container, delivery 1/1/2004 - 30/6/2004, at EUR 297.50/mton, FOB Antwerp. (to see and make a bid to the malt offer, please click here to view code MF2111P0959)

  • Offer for 1-4000 mtons of malt, 2RS Scarlet, crop 2003, Bulk, delivery 1/2/2004 - 31/7/2004, at EUR 280.00/mton, FOB Antwerp. (to see and make a bid to the malt offer, please click here to view code MF2111P1003)

 Top Industry News 


  • Thai Asia Pacific Brewery Co (TAPB), part of the Dutch beer giant Heineken, announced on November 25 a comprehensive marketing plan to sustain its leadership Click here

  • Canadian beer maker, Labatt Breweries, is releasing a beer that it claims will deliver the taste of a light ale, but provide less than half of the carbohydrates ... Click here

  • Russian Brewing force OAO Baltika Brewery posted on November 25 the results for the first nine months of the year ... Click here

  • Philippine business tycoon Eduardo Cojuangco, chairman of the San Miguel Corp, has ended speculation about his political plans ... Click here

  • Ireland, Dublin: Greencore Group plc, the convenience food and ingredients group, announced on November 26 its preliminary statement of results ... Click here

  • Australia, Adelaide: Agribusinesses AusBulk and ABB Grain have exchanged shots over a recent shipment of Victorian malt barley to Japan ... Click here

  • EU: Due to substantial replacement of lost winter wheat acres by spring barley, the crop of spring barley turned out larger ... Click here

  • Major barley importers ... Click here


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

    • The Beer Academy, the educational scheme launched to improve knowledge of beer, is now seeking its first executive director ...more info


    • The UK brewer and pub operator, Fuller, Smith & Turner, based in London, posted on November 21 profit before tax up 4% to £8.0 million for the full year ...more info


    • The Austrian brewer, BBAG, has postponed the release of its third quarter earnings until December 12 ...more info


    • The first world brewer, Anheuser Busch, has announced recently that it had signed a multi-year contract with the National Football League ...more info


    • Czech breweries produced 14.041 million hectolitres of beer in January-September 2003, an increase of 1% year-on-year, according to data released on November 24 ...more info


    • The largest Russian beer maker, OAO Baltika Brewery, announced on November 24 the appointment of Ekaterina Azimina as a new chief financial officer ...more info


    • About 37 million pints of beer were drunk in pubs all over England on Saturday’s World Cup Final win over Australia, industry estimates suggest ...more info


    • Scottish & Newcastle announced that it is finalising plans to merge the Beer Seller wholesale business with its Waverley wine distribution arm, according to The Puplican report ...more info

    2. Brewery News

    Thai Asia Pacific Brewery Co (TAPB), part of the Dutch beer giant Heineken, announced on November 25 a comprehensive marketing plan to sustain its leadership in Thailand's premium beer market amid the expected heavy competition next year, particularly from local brewer Boon Rawd Brewery, Bangkokpost reported on November 26. The producer of the 70-year-old Singha Beer said recently that it would expand aggressively into the premium beer segment next year, aiming to capture a market share of 6-7% through the relaunches of the Asahi and Mittweida brands. Panya Pongtanya, TAPB's general manager, said his company would spend about 650 million baht next year on advertising and marketing campaigns in order to sustain its strong performance. At the same time, the company will also introduce a new dispenser and keg of Heineken draught beer, called Easy-Draught. The new system, developed in the Netherlands, allows sellers to keep beer even longer, for up to 21 days from three days currently. The launch is aimed at small restaurants, perceived as an additional distribution channel for Heineken beer nationwide, and at promoting draught beer consumption not only in the winter but throughout the year. Two hundred restaurants will be chosen to join the project this year the number will be increased to 350-400 next year...more info

    Canadian beer maker, Labatt Breweries, is releasing a beer that it claims will deliver the taste of a light ale, but provide less than half of the carbohydrates, The Vancouver Sun reported on November 25. "This is our early holiday gift to beer drinkers," said Nigel Miller, a spokesman for Labatt Breweries of Canada. "We're launching Labatt Sterling to appeal to the growing number of people who are looking for a beer that fits their lifestyle." The lifestyle that Miller speaks of is the growing number of Canadians who are adopting new methods of controlling weight gain, such as the popular Atkins diet, the Zone diet or the Sugar Busters diet. These restrict the amount of carbohydrates that a person eats daily. This means that breads, cereals, certain vegetables, sugar and even beer must be cut back dramatically. Labatt's new Sterling beer has only 2.5 grams of carbohydrates per bottle, about 75 % less than a regular beer and half of those found in a light beer. Each bottle has 88 calories, as compared to 145 calories in a regular beer and 110 in a light beer. The company isn't the first to release a carbohydrate conscious brew, Sleeman Breweries Ltd., has been marketing a similar beer called Sleeman Clear which also contains only 2.5 grams of carbohydrates per bottle. Miller would not say how the carbohydrate level of the beer is lowered. But, he said it is not at the expense of the beer's alcohol content, which is four per cent, the same as a regular light beer. He said Labatt has been working on the new beer for more than a year...more info

    Russian Brewing force OAO Baltika Brewery posted on November 25 the results for the first nine months of the year. For this period Baltika sold about 12.8 million hl of beer. Company’s market share accounted 20.8% for the nine months of the year. Baltika’s export increased by 7% and reached 796 thousand hl. Total sales volume (including VAT and excise duty) increased by 1% to US$ 725 million versus the same period last year. However net sales volume (excluding VAT and excise duty) decreased by 1% to US$ 555 million. Company’s net profit dropped 3.3% to US$ 111 million year-on-year and operational profit dropped 11% to US$ 148 million. The company, owned by Carlsberg and Scottish & Newcastle, attributed the declines to an increase this year in beer excises.

    Philippine business tycoon Eduardo Cojuangco, chairman of the San Miguel Corp, has ended speculation about his political plans, declaring he would not seek the presidency in elections next May, according to Reuters November 26. "I am not," Cojuangco told reporters at a private party on Tuesday night when asked if he would stand. "We will just leave it to others." Cojuangco's decision not to run has increased speculation film idol Fernando Poe Jr will contest the presidency as the opposition's flag bearer. Poe's lack of political or economic experience has unnerved markets, but his supporters say he is a clean candidate, untainted by the corruption and scandals that are common fare in the Philippines' turbulent democracy. Cojuangco, 68-year-old chairman of the San Miguel Corp, seller of nine of 10 beers in the Philippines, said he had not decided whom to support in the election but may end up backing Poe should the film star declare his candidacy. President Gloria Macapagal Arroyo, who took power in January 2001 after then leader Joseph Estrada was ousted in a popular uprising over charges of corruption, has declared she would seek a new term. Cojuangco is locally dubbed the "kingmaker" because of his financial clout and links with leading Filipino politicians. He ran for the presidency in 1992 but was thrashed by former defense secretary Fidel Ramos. In recent months, he was frequently rumored to be planning a second bid.

    3. Malt News

    Ireland, Dublin: Greencore Group plc, the convenience food and ingredients group, announced on November 26 its preliminary statement of results for the year ended September 26, 2003. Profit before tax, exceptional items and amortization up 7% to EUR 67.8 million; 1 % overall like-for-like sales growth, with 4% in convenience food divisions. The ingredients and agribusiness division performed strongly. Operating margins improved significantly, resulting in operating profit(a) of EUR45.0 million, up 4% on a like-for-like basis. The profits of the Group's malt business increased following record production levels, improved margins and ongoing cost control. The strong performance was achieved despite a 5% decline in turnover, principally as a result of a stronger comparable period for the malt division following last year's successful de-stocking program. The malt division has experienced higher barley prices in recent months, although malt prices are yet to reflect these increases fully. Nonetheless, strong operational efficiencies and cost management combined with the division's sales and purchasing expertise, should enable a satisfactory performance to be delivered...more info

    4. Barley News

    Australia, Adelaide: Agribusinesses AusBulk and ABB Grain have exchanged shots over a recent shipment of Victorian malt barley to Japan, The Herald Sun news agency reported November 24. ABB Grain last week accused AusBulk of undermining barley growers' income after it sold a shipment of malting barley to Japan's shochu (distilled spirits) market at an "opportunistic" A$US100-a-tonne discount. ABB Grain, which controls exports from South Australia, and its joint venture partner, Grain Pool of Western Australia, criticised AusBulk. "ABB and Grain Pool have been developing the market for shochu barley for many years, with hundreds of thousands of dollars invested in a complex research and allied breeding program aimed at producing the best barley variety for this premium product," ABB grain chairman Trevor Day said. "Growers ... now stand to lose the excellent returns from this market if discount sales take effect," Mr Day said. But AusBulk managing director John Murray described the discount claim as "unbelievable". "Our sale of shochu barley was at levels which exceeded the premiums currently being paid by ABB to growers," Mr Murray said. "Our sale was an example of how closer links between end-users and growers ... can deliver benefits to both growers and marketers and ultimately expand trading relationships."

    EU: Due to substantial replacement of lost winter wheat acres by spring barley, the crop of spring barley turned out larger than last year's and of good quality as well. It was mainly wheat, but also maize and winter barley, which provided for the total minus of 25 Million tonnes. In their November estimate "Stratégie Grains" puts the export surplus of malting barley at 2.2 Million tonnes. “Because of the great demand for feed it looks, however, as we may have trouble in the end to supply the malting barley needs of our own industries and our direct European neighbors,” EU analysts said.

    Major barley importers

     in tonnes

    1999-2000  2000-2001  2001-2002  2002-2003  2003-2004 (prev.) 
     Saudi Arabia  5,500,000  4,800  5,500,000  6,500,000  6,000,000 
     China  2,200,000  2,100,000  2,200,000  2,100,000  2,100,000 
     Japan  1,500,000  1,500,000  1,300,000  1,300,000  1,300,000 
     EU  100,000  200,000  1,100,000  800,000  500,000 
     Iran  900,000  1,200,000  600,000  100,000  300,000 
     Tunisia  200,000  500,000  600,000  500,000  300,000 
     Morocco  700,000  700,000  700,000  500,000  200,000 
     United States  600,000  600,000  500,000  300,000  500,000 
     Jordan  600,000  500,000  400,000  500,000  500,000 
     Algeria  700,000  400,000  400,000  400,000  300,000 
     Israel  400,000  300,000  400,000  500,000  500,000 

    Source: C.I.C.


    5. Theoretical malt prices.

      EURO = USD 1.1788 November 26, 2003 
    Crop year  2003 
    Parity  FOB Antwerp 
    Position  Nov 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  281.00  331.50  296.50  349.50  292.50  345.00  302.50  356.50 
    2RS  Prestige/Cellar  280.00  330.00  295.00  348.00  291.50  343.50  301.00  355.00 
    2RS  Aspen  278.50  328.50  294.00  346.50  290.50  342.00  300.00  353.50 
    2RS  Optic  278.50  328.50  294.00  346.50  290.50  342.00  300.00  353.50 
    2RS  Astoria  277.50  327.00  292.50  345.00  289.00  340.50  298.50  352.00 
    2RS  Cork   277.50  327.00  292.50  345.00  289.00  340.50  298.50  352.00 
    2RS   Average price  279.50  329.00  294.50  347.00  290.50  342.50  300.50  354.00 
    2RS  FAQ  276.50  325.50  291.50  343.50  288.00  339.50  297.50  350.50 
    6RW  Esterel   nq  nq  nq  nq  nq  nq  nq  nq 

    6. Malting barley prices. French barley prices. Nominal prices.
    EURO = USD 1.1788 November 26, 2003 
     Crop year   2003 
     Parity   FOB Creil 
     Position   July 2003 
    Type   Variety  EURO  USD 
    2RS  Scarlett  146.00  172.50 
    2RS  Prestige/Cellar  145.00  171.00 
    2RS  Aspen  144.00  170.00 
    2RS  Optic  144.00  170.00 
    2RS  Astoria  143.00  168.50 
    2RS  Cork   143.00  168.50 
    6RW  Esterel   nq  nq 
    Feed  Barley (FOB Rouen)  142.00  167.50 

    nq - Not quoted

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

    7. Barley Price Evolution Graph


    Maximum average price for 2RS Barley, crop 2003: 148.50 EUR/tonne - in November 2002
    Minimum average price for 2RS Barley, crop 2003: 124.00 EUR/tonne - in June 2003
    up Maximum average price for 6RW Barley, crop 2003: 129.00 EUR/tonne - in November 2003
    Minimum average price for 6RW Barley, crop 2003: 115.00 EUR/tonne - in June 2003
    Source: E-malt.com

    8. Do you know e-malt.com?

    Dear E-malt Reader!

    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!


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