E-Malt.com weekly newsletter
Week March 04 - 10, 2002
Summary
1. Trading info. 2. Industry news. 3. Malt markets and prices. 4. Malting barley prices.
1. Trading info
Actually there are 7,000 tons of malt and 1,250 tons of malting barley available for immediate sale on
www.e-malt.com
- 2000 mtons of malt, any 2rS, crop 2001, in bulk, delivery March 2002, at EUR 296,-/mton, FOB Belgian Port.
- 5000 mtons of malt, any 2rS(70%)+any 6rW(30%), crop 2001, in bulk, delivery first half of year 2002, at EUR 283,-/mton, FOB Antwerp.
- 1250 mtons of barley, 2RS Astoria, crop 2001, in bulk, delivery first half of year 2002, at EUR 122,-/mton, FOB Creil
2. Industry news
A new joint venture appertaining to Interbrew and the Thai Boonrawd Brewery will be created In Thailand. The negotiations on its implementation are already begun and it is projected that the venture will have been registered by the end of spring 2002. Interbrew is particularly optimistic in respect of the prospects of this venture , due to the fact, that the beer market from Thailand since 1995 is in continuous growth and the Boonrawd Brewery is the leader of this market.
In a new merger Scottish & Newcastle Breweries acquired Hartwall of Finland against a 24,40 per cent shareholding of the total new Scottish & Newcastle group. Carlsberg and Scottisch & Newcastle are now 50/50 shareholders of BBH in Stockholm. BBH holds majority shares of 6 breweries in Russia incl. Baltika and Yarpivo, 2 breweries and one malthouse in the Ukraine and four breweries in the Baltic countries. The group sold 45,7 Million Hl (provisional) of beer in 2001.
Kirin breweries from Japan bought 99% from the stock of Eishogen Corp, a company specialized in Chinese whine production and distribution. The acquisition of this company, that registered in 2001 annual sales of EUR44.3 million, is suiting the long-run goals of Kirin regarding the fortification of its involvement in the low-alcoholic drinks market.
Interbrew made an important step for the consolidation of its standing in Cuba by signing a significant agreement with the Cuban government.......[www.e-malt.com]
EU Commission submitted to Carlsberg breweries a “ Statement of Objections” ......[www.e-malt.com]
Lion Nathan, a brewer and winemaker from Australia confirmed once again its forecasts from December 2001......[www.e-malt.com]
Prazske Pivovary Czech brewery made a statement on his financial situation for 2001.......[www.e-malt.com]
The Olvi Oyj beverages group from Finland , has declared that its revenues increased by EUR 13,8 m......[www.e-malt.com]
The Belgian Interbrew acquired 12 % from the shares of Spanish brewer Damm. This acquisition has the purpose , by the declarations of Interbrew,to strengthen the positions of Belgian giant on the Spanish beer market......[www.e-malt.com]
On the 27th of February 2002, Heineken has released a report on his results for the 2001 year .......[www.e-malt.com]
3. Malt markets and prices
In February, international business remained extremely dull. It could not be expected any other way, as maltsters sold their malt and brewers covered their needs for 2002, while sales of crop 2002 - deliveries 2003 have hardly commenced. Small quantities traded or are being negotiated to Central America, Ethiopia and Vietnam. On the other hand good quantities changed hands in intra-maltster business, as a number of export maltsters had oversold their production capacities.
Domestic EU markets became more active. German brewers are reported to have purchased about 20-25 % of their demand for 2003. French brewers except the Heineken group bought already half of their 2003 needs. Business has also started in Belgium and the Netherlands to a small extent. U.K. and Irish brewers purchase around harvest time. Prices for delivery franco breweries during the whole year 2003 were between EUR 300,- and 310,-, but dropped lower for some contracts.
| ORIGIN |
VARIETY |
CROP |
PARITY |
DESTINATION
ORIGIN |
CURRENCY |
PRICE |
DELIVERY |
COMMENTS |
| French/Belgian |
2rS any variety |
2001 |
FOB bulk |
River |
EUR |
296 |
Feb/Mar 02 |
offered |
| French/Belgian |
2rS/6rW mix 70/30 |
2001 |
FOB bulk |
Antwerp |
EUR |
283 |
Feb/Sep 02 |
offered |
| French |
2rS |
2002 |
FOB bulk |
Antwerp |
EUR |
301 |
2003 |
traded |
| French |
6rW |
2002 |
FOB bulk |
Antwerp |
EUR |
277 |
2003 |
traded |
| German |
2rS any variety |
2001 |
FOB bulk |
Seaport |
EUR |
298 |
Feb/Mar 02 |
offered |
| German |
2rS any variety |
2002 |
delivered |
Brewery |
EUR |
295-302 |
2003 |
traded |
Theoretical malt prices for crop 2001 and 2002 are available on the site www.e-malt.com
4. Malting barley prices, French barley prices
| EURO = USD 0.8722 March 06, 2002 |
| Crop year |
2001 |
2002 |
| Parity |
FOB Creil |
FOB Creil |
| Position |
July 2001 |
July 2002 |
| Type |
Variety |
EURO |
USD |
EURO |
USD |
| 2RS |
Prisma |
126.00 |
110.00 |
nq |
nq |
| 2RS |
Scarlett |
125.00 |
109.50 |
138.00 |
120.50 |
| 2RS |
Aspen |
124.00 |
108.50 |
137.00 |
119.50 |
| 2RS |
Optic |
nq |
nq |
nq |
nq |
| 2RS |
Nevada |
123.00 |
107.50 |
134.00 |
117.00 |
| 2RS |
Astoria |
123.00 |
107.50 |
134.00 |
117.00 |
| 2RS |
Cork |
nq |
nq |
nq |
nq |
| 6RW |
Esterel |
117.50 |
102.50 |
117.50 |
102.50 |
| 6RW |
Maeva |
nq |
nq |
nq |
nq |
nq - Not quoted
Prices for Danish and UK malting barley are available on the site www.e-malt.com
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