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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
Theoretical malt prices
Malting barley prices
Table of the week
Graph of the week
Agenda
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Average market prices Change trend
15 Dec - 16 Dec 2005
Crop 2005
2rs Barley €115.50-117.50
6rw Barley €103.00-105.00
2rs Malt €242.50-244.50
6rw Malt €226.50-228.50
Crop 2006
2rs Barley €118.50-120.50
6rw Barley €106.00-108.00
2rs Malt €245.00-247.00
6rw Malt €229.00-230.00

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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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!

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Last five newsletters
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Newsletter 50a, 2005
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Newsletter 49b, 2005
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Newsletter 49a, 2005
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Newsletter 48b, 2005
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Newsletter 48a, 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
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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 !

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 50b
December 15 - December 16, 2005
Quote of the week

"Life is too short and too precious to drink cheap beer."
Anonymous

Currency Rates
Base Currency: Euro, EUR
on 16-December-2005

1 EUR = 1.2001 USD
1 EUR = 0.6771 GBP
1 EUR = 1.3781 CAD
1 EUR = 1.5894 AUD
1 EUR = 142.465 JPY
1 EUR = 2.7465 BRL
1 EUR = 34.4232 RUB
1 EUR = 9.6941 CNY
 Base Currency: US Dollar
on 16-December-2005

1 USD = 0.8334 EUR
1 USD = 0.5642 GBP
1 USD = 1.1484 CAD
1 USD = 1.3244 AUD
1 USD = 118.726 JPY
1 USD = 2.2886 BRL
1 USD = 28.6843 RUB
1 USD = 8.0779 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
France: InBev France launches a program of reorganizations... Click here

World: Globally largest beer consuming countries in 2004, according to Kirin survey... Click here

Japan: Japan beer industry association is against any tax increase on... Click here

Australia: Coopers EGM decision is disappointing but expected, Lion Nathan said... Click here

Russia: SUN Interbrew announced the start-up of the malting plant in Saransk... Click here

Germany: German malt production figures to be corrected by the Statistical Office... Click here

Australia: Barley cash prices – the SA versus Victoria argument... Click here

Canada: Statistics Canada says barley production went down... Click here

Czech Republic: Hop-processing capacities in the Czech Republic... Click here

More News
China: InBev wins bid for Fujian Sedrin Brewery, sources said, InBev no comment ... More Info

France: Protestors blockade InBev's head office on Friday morning ... More Info

China: Tsingtao Brewery has captured 20% of Beijing beer market ... More Info

Israel: Qassam rocket lands near Carlsberg beer factory; no injuries, damage reported ... More Info

Australia & New Zealand: Lion Nathan expects growth in Australia beer business, NZ flat ... More Info

Czech Republic: Fermentation tanks installed at Pilsen Brewery ... More Info

Australia: ABB Grain reduced malt pool price slightly ... More Info

Canada: Brick Brewing reports seventh consecutive record quarterly performance ... More Info

Australia: Victorian farmers question grain prices for WA growers ... More Info

Indonesia: Sale of shares in beer company PT Delta Djakarta Beer to fund students ... More Info

Australia: Grain companies urged to help farmers with prices ... More Info

UK: St Peter's Brewery has decided to remain independent ... More Info

EU: EU domestic markets of malting barley dormant since months ... More Info

UK: A Scottish trade association against the linear pricing policy for drinks ... More Info

Czech Republic: Truckloads of beer and car carriers are filling the nation’s highways ... More Info

UK: Malt Industry fights back with world-leading scheme ... More Info

USA: Alaskan Brewing Company receives safety award ... More Info

Ireland: Guinness will be transported across the Irish Sea by MDHC’s subsidiary ... More Info

UK: Spring barley growers using barley straw length as guide to yield may not be using the best indicator ... More Info

Canada: Traditional Ale of Big Rock Brewery wins god at Canadian Brewing Awards ... More Info

Chile: The largest Chilean brewer announces interim dividend ... More Info



Brewery News
France: InBev France launches a program of reorganizations

InBev France, a subsidiary of the InBev group that specialises in the sale of beers and the distribution of beverages via its integrated distribution network CafeIn, convened on December 14 an extraordinary Works Council in Armentieres and in the various subsidiaries of the distribution network to launch a program of reorganizations that will have repercussions for distribution, sales and administration.

Within the framework of this programme, 303 jobs are due to be cut and 184 redeployments will be identified throughout InBev France SAS and the 24 CafeIn subsidiaries set up across the country.

In the course of this first meeting, the economic reasons that have triggered this reorganization were explained to the social partners, who were also informed of the provisional 2006 consultation calendar.

Once this reorganization program is completed, a definitive decision will be taken. At the same time, the final consequences of this reorganization as well as the financial impact will be communicated.

InBev is a publicly traded company (Euronext: INB) based in Leuven, Belgium. The company's origins date back to 1366, and today it is the leading global brewer by volume. InBev's strategy is to strengthen its local platforms by building significant positions in the world's major beer markets through ... More Info

World: Globally largest beer consuming countries in 2004, according to Kirin survey

Global beer consumption rose by 4.2 % to 150.39 billion litres in 2004, for the 19th consecutive year of growth, Kirin Brewery Co. said in an annual global survey report on December 15, Kyodo News has communicated.

China ranked as the world's largest beer-consuming country in 2004 for the second straight year, according to Kirin Brewery Co. China had 19.0 % of global beer consumption. China became the largest beer consumer in 2003 and saw its consumption in 2004 jump by 14.6 % from the previous year to 28.64 billion litres.

Following China was the United States, where beer consumption rose 0.9 % to 23.97 billion litres.

Russia rose to fourth place from fifth to tie Brazil as Russian beer consumption expanded by 11.1 % to 8.45 billion litres on consumers' growing shift to beer from vodka.

Japan remained in sixth place with 6.55 billion litres, up 0.7 %.

Among regions, Asia's beer consumption rose 11.2 % to 43.15 billion litres, close to the 49.38 billion litres for Europe, the largest beer market in the world.

In per capita beer consumption in 2004, the Czech Republic ranked first for the 12th straight year. European countries occupied nine of the top ... More Info

Japan: Japan beer industry association is against any tax increase on

The Japan beer industry association told the Financial Times it was against any tax increase on 'third beer' products and said the government needed to conduct more discussions regarding its plan to reduce the number of liquor taxation categories from 10 to four. The Brewers Association of Japan on Tuesday protested the Liberal Democratic Party.

Koichiro Aramaki, president of the association and also of Kirin Brewery Co., indicated that the industry will consider raising the price of the third-category beer if the tax hike takes place. Aramaki, however, said it will be hard for the industry to cut the price of beer as the tax cut on beer is very low.

In a bid to remove various taxation loopholes in Japan, the ruling Liberal Democratic Party (LDP) is considering a sharp reduction in the number of liquor taxation categories, a report by the Financial Times revealed on December 13. The four proposed categories are: alcoholic beverages made by fermentation; beer-like beverages; spirits; and liqueurs and others.

Japanese beer is currently taxed based on the amount of malt used in the product, which has allowed the big brewers to introduce cheap low-malt beers called happoshu. More recently, a cheaper non-malt 'third beer' product ... More Info

Australia: Coopers EGM decision is disappointing but expected, Lion Nathan said

Chief Executive of Lion Nathan Limited (Lion Nathan) Rob Murray said on December 14 that the outcome of a Coopers Brewery Limited (Coopers) EGM vote to remove Lion Nathan’s rights to purchase shares in Coopers was “disappointing, not just for Lion Nathan, but also for those shareholders who wish to achieve a fair market value for their shares, now and in the future”.

Mr Murray said: “It is extraordinary in this day and age that a constitution of a public company can be used to restrain a significant minority of shareholders from selling their shares at the best available price.

“We are not surprised by the outcome of today’s vote. Shareholders in Coopers have put a great deal of trust in the advice of a Board that does not appear to have considered our Offer on its merits and advised shareholders accordingly.

“That the Coopers Board failed to address the lack of a recommendation from an independent director and ignored the valuation of the Independent Expert it chose to appoint tells its own story.

“Let’s not forget that we have said throughout this process that we would be happy with a minority stake that would protect our original position.

“We launched the ... More Info

Malt News
Russia: SUN Interbrew announced the start-up of the malting plant in Saransk

SUN Interbrew announced on December 15 the official start-up of the malting plant as a present to «Sun Interbrew» Saransk affiliate at the 20th anniversary.

Announcing the start-up of the malting plant, Joseph W. Strella, Chief Executive Officer of «SUN Interbrew» stated, that «Start-up of the Malt House is of great importance both for the company and for economics of Mordovian republic. We are looking forward to malt production of the world quality level».

On starting-up the malting plant, «SUN Interbrew» almost fully covers the needs of brewing plants of the company in malt of high-quality. Malt, produced at the plant, will be used for beer production, including «SUN Interbrew» international beer brands such as «Stella Artois» and «Beck’s».

The history of brewing in Saransk goes back to 1985, when the first bottle of beer came out from the line at the Plant «Saranskiy», which produced beer and soft drinks. At the beginning of the 90s the plant became joint-stock company and Saransk brewing Company was established. In 1993 the enterprise was merged into «SUN Brewing», and in 1999 — into «SUN Interbrew» corporation. Since then, it is a constituent part of it.

«SUN Interbrew» started construction of the new Maltings in Saransk ... More Info

Germany: German malt production figures to be corrected by the Statistical Office

German malt production figures for this calendar year have been corrected by the Statistical Office (it never happened before).

They show now a production of 1,085 Million tonnes in January-July. At the same pace of production till the end of the year, the total would arrive at 1.86 Million tonnes, 175,000 tonnes less than in 2004, but well above the 1.7 Million tonnes, which seemed to be the year figure before the statistics were corrected.

Malt usage by the German brewing industry is estimated at 1.7 -1.75 Million tonnes, therefore the net surplus is not large. The country imported 180.000 tonnes in 2004 from its EU neighbours.

Barley News
Australia: Barley cash prices – the SA versus Victoria argument

ABB announced on December 15 that there’s been considerable debate (and misinformation) recently surrounding claims that SA grain growers are consistently getting significantly lower cash prices for barley compared to those interstate.

If this was the situation surely traders would seize opportunities to buy barley from SA and move it into interstate markets and make a margin. But the fact is that numerous traders have withdrawn from markets not only in SA but in the deregulated states of Vic. and NSW.

Much of the recent debate came from a decision by one of these traders, Brooks Grain, when on November 29 they withdrew barley prices in eastern Australia (including SA).

Let’s be quite clear, Brooks’ decision was a commercial decision regarding an inability to obtain new contracts and it is their commercial prerogative to do so. But it had nothing to do with ABB’s legislated responsibility for the Single Desk in SA as one Brooks’ staffer claimed.

Brooks’ withdrawal from buying barley illustrates how fickle the cash market can be. Cash benefits some growers, at some sites, at certain times.

Most of Australia’s domestic demand is focused along the east coast in Victoria, NSW and southern Queensland. Cash prices dominate due to the strength and ... More Info

Canada: Statistics Canada says barley production went down

Statistics Canada announced on December 14 that in a season of record production, barley production fell. Barley production dropped 5.3% to 12.481 MMT from 2004 production, due to a decline in production in both Alberta and Manitoba, that was in turn due to lower harvested acreage and lower yields.

Hops News
Czech Republic: Hop-processing capacities in the Czech Republic

CHMELARSTVI, cooperative Zatec, which owns all the hop-processing capacities in the Czech Republic, processed 5,306 tonnes of hops in 2004, Hop Growers Union of the Czech Republic communicated in a press release on December 14. 38,4 % were pellets type 45, 56,8 % pellets type 90 and 4,8 % cone hops.

In 2005 the processing started already at the end of August and the 3-shift work began on 5th September which is approx. a month earlier than during previous years. By the end of November already 2596 t of hops were processed which is about 226 t more than in the same period last year.

CHMELARSTVI is owned jointly by Czech hop growers and has representation in all three Czech hop growing regions. The plants for hop pellets are however only in the centre of Czech hop growing, in Zatec. There is one plant for pellets type 90 and one plant able to process hops to pellets type 90 as well as type 45. This plant belongs to one the most modern hop processing units in the world. Next to these plants there are also traditional packaging plants for cone hops.

The hop processing plants in Zatec are certified according to ISO 9001:2000 ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2001 December 16, 2005 
 Crop year   2005   2006 
 Parity   FOB Creil   FOB Creil 
 Position   July 2005   July 2006 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  118.00  142.00  121.00  145.50 
2RS  Prestige  117.00  140.50  120.00  144.50 
2RS  Cellar  117.00  140.50  120.00  144.50 
2RS  Sebastien  115.50  139.00  119.00  143.00 
2RS  Astoria  115.00  138.50  118.00  142.00 
2RS  Cork   115.00  138.50  118.00  142.00 
6RW  Esterel   104.00  125.00  107.00  128.50 
Theoretical malt prices.

  EURO = USD 1.2001 December 16, 2005 
Crop year  2005 
Parity  FOB Antwerp 
Position  Dec 2005-Sept 2006 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  246.00  295.00  260.50  312.50  260.50  312.50  262.50  315.50 
2RS  Prestige  244.50  293.50  259.00  311.00  259.00  311.00  261.50  314.00 
2RS  Cellar  244.50  293.50  259.00  311.00  259.00  311.00  261.50  314.00 
2RS  Sebastien  243.00  291.50  257.00  308.50  257.50  308.50  259.50  311.50 
2RS  Astoria  242.50  290.50  256.50  308.00  256.50  308.00  259.00  311.00 
2RS  Cork   242.50  290.50  256.50  308.00  256.50  308.00  259.00  311.00 
2RS   Average price  243.50  292.50  258.00  309.50  258.00  309.50  260.50  312.50 
6RW  Esterel   227.50  274.50  243.00  291.50  243.00  291.50  245.50  294.50 
*  Asia Malt 70/30  239.50  287.00  253.50  304.50  253.50  304.50  256.00  307.50 
**  Asia Malt 50/50  236.50  283.50  250.50  300.50  250.50  300.50  253.00  303.50 

NB: Prices published are theoretical malt prices including financial cost, THC (for bulk and bags container) and all administrative costs. This prices may fluctuate according to the quantity per delivery and technical specifications.

* - 70/30 = 70% Average two Rows Spring and 30% Six Rows Winter
** - 50/50 = 50% Average two Rows Spring and 50% Six Rows Winter

Theoretical malt prices for crop 2006 are available on site www.e-malt.com/MarketPrices

Table of the week

EU Malt Export Licence Fixations:

(in tonnes)   2001-2002   2002-2003   2003-2004  2004-2005   July 01, 2005 -
November 29, 2005  
 France   701,134  661,772  774,761  674,140  282,250 
 Germany   468,314  408,063  422,047  295,876  99,631 
 Belgium   296,368  287,850  317,292  418,344  214,755 
 U.K. 350,621  294,995  443,501  201,892  74,056 
 Finland   91,890  100,758  114,165  64,986  17,112 
 Denmark    96,812  94,791  90,452  74,743  28,262 
 Sweden   101,000  76,916  78,369  88,840  32,000 
 Netherlands   51,310  66,219  80,703  49,128  19,280 
 Ireland   35,145  31,140  38,900  56,924  7,000 
 Austria   8,840  8,620  60,211  16,954  10,737 
 Spain   2,400  5,640  10,000  -  - 
 Greece   1,744  1,306  979  130  - 
 Portugal   221  85  695  850  476 
 Italy   -  2  -  -  - 
 Total EU 15  2,205,799  2,038,157  2,432,075  1,942,807  785,654
 New EU members  May-June, 04     
 Czech Republic       34,340  82,062  26,105 
 Poland       7,604  32,084  - 
 Hungary       2,830  85,792  14,010 
 Slovakia       1,000  76,916  28,919 
 Total EU 25   2,205,799  2,038,157  2,477,849  2,219,661  854,593 

  Total Wheat malt, tonnes  
Total 2001-2002    12,805 
Total 2002-2003    30,908 
Total 2003-2004    15,768 
Total 2004-2005    8,162 
July 01 –November 29, 2005    2,004 
   
  Total Roasted malt, tonnes  
Total 2001-2002    23,480 
Total 2002-2003    23,603 
Total 2003-2004    24,438 
Total 2004–2005    27,212 
July 01 - November 29, 2005    11,073 
Graph of the week


Agenda
December 2005:
December Holidaze Beer Tasting.
Kerstbierfestival (11th Christmas Beer Festival). O.B.E.R.

January 2006:
Big Beers Belgians & Barleywines Festival
Great Alaska Beer & Barley Wine Festival.
The Great Alaska Beer
St. Paul Winterfest.

February 2006:
Pianeta Birra - Beverage & Co.
Sarasota Rhythm & Brews
Florida's best beer festival offering more


More events are available on site e-malt.com
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