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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
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
30 Mar - 31 Mar 2006
Crop 2005
2rs Barley €115.50-117.50   
6rw Barley €102.00-104.00   
2rs Malt €244.50-246.50   
6rw Malt €227.50-229.50   
Crop 2006
2rs Barley €114.00-116.00   
6rw Barley €104.50-106.50   
2rs Malt €239.50-241.50   
6rw Malt €227.00-229.00   

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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Other e-malt.com newsletters
Last five newsletters
See this Newsletter!
Newsletter 13a, 2006
See this Newsletter!
Newsletter 12b, 2006
See this Newsletter!
Newsletter 12a, 2006
See this Newsletter!
Newsletter 11b, 2006
See this Newsletter!
Newsletter 11a, 2006

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
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.

Last five tables
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E-malt.com Newsletter 13b
March 30 - March 31, 2006
Quote of the week

"Any government that raises the price of beer cannot last longer than the next plum harvest."
Czech proverb

Currency Rates
Base Currency: Euro, EUR
on 31-March-2006

1 EUR = 1.2076 USD
1 EUR = 0.6942 GBP
1 EUR = 1.41 CAD
1 EUR = 1.6992 AUD
1 EUR = 141.993 JPY
1 EUR = 2.6627 BRL
1 EUR = 33.5232 RUB
1 EUR = 9.7036 CNY
 Base Currency: US Dollar
on 31- March-2006

1 USD = 0.8282 EUR
1 USD = 0.5749 GBP
1 USD = 1.1676 CAD
1 USD = 1.4068 AUD
1 USD = 117.588 JPY
1 USD = 2.2049 BRL
1 USD = 27.7595 RUB
1 USD = 8.0352 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
China: Yanjing Beer made an additional investment in its Guangdong subsidiary... Click here

Peru: SABMiller extends its offer in Peru... Click here

Thailand: New CEO of Boon Rawd Trading International makes ambitious plan for Singha beer... Click here

Malaysia: Beer consumption in decrease because of higher prices says Carlsberg... Click here

Colombia: SABMiller will choose an investment bank to value its subsidiary Bavaria... Click here

Vietnam: The second Vietnamese malting plant will be launched this year... Click here

World: IGC’s estimation of Barley Supply and Demand 2005/06 and Outlook 2006/07... Click here

Australia: Barley producers willing to retain the barley export monopoly... Click here

More News
China: SABMiller planning double-digit sales growth in China ... More Info

Brazil: InBev demonstrates the logic behind the AmBev merger ... More Info

China: Chongqing Brewery climbed 3.66% after reporting 19% rise in full year profit ... More Info

World: Main Barley Market Events since 23 February 2006, according to IGC ... More Info

China: Beijing Enterprises Ltd announces share reform plan for its Beijing Yanjing Brewery ... More Info

Belgium: Thousands of InBev workers protest job cuts by beer giant ... More Info

UK: Wolverhampton & Dudley Breweries announce 2.2 % sales increase in Pathfinder pubs ... More Info

USA: Anheuser-Busch changes tactics for winning beer competition ... More Info

UK: Maidstone's Albion brought back to life by refurbishment ... More Info

UK: Morgan Stanley lifts SABMiller estimates ... More Info

Australia: Share purchase plan - opportunity to boost stake in company ... More Info

Belgium: Morgan Stanley lowers InBev to Equalweight ... More Info

Thailand: Thai Beverage didn’t applied to list on the Singapore Stock Market ... More Info

India: United Breweries to pay a dividend of 3% ... More Info

China: Chinese brewers not active in searching for overseas stake buyers ... More Info

Russia: Heineken Commercial Service accused by Federal Antimonopoly Service of Nizhny Novgorod ... More Info

India: United Breweries Holdings appointed B S Patil as additional director of the company ... More Info

Ethiopia: Harar Brewery to post profit of 10 million birr in the mid term budget year ... More Info

Nigeria: Nigerian Breweries posts a 31% lower profit after tax year-on-year ... More Info

Canada: The true taste of Brazil spreads across Canada ... More Info

Latvia: Aldaris brewery posts almost doubled net profit for 2005 ... More Info

Australia: Castlemaine Perkins (XXXX), announces major fundraiser ... More Info

USA:Coors Brewing Company unveils 2006 Advertising ... More Info

Belgium: InBev’s Annual Report 2005 available online ... More Info

USA: Granite City Food & Brewery Opens in Olathe, Kansas ... More Info



Brewery News
China: Yanjing Beer made an additional investment in its Guangdong subsidiary

Beijing Yanjing Beer Group Corporation (Yanjing Beer), a leading Chinese brewery, has made an additional investment of CNY 750mn into its Guangdong-based subsidiary Guangdong Yanjing Beer Co., Ltd., one of the most important steps for it to seize the Pearl River Delta market, SinoCast China Business Daily News Via Thomson Dialog NewsEdge communicated on March 30.

After the fresh capital injection, the registered capital of Guangdong Yanjing was boosted by CNY 100 million, including CNY 750 million from Yanjing Beer and CNY 250 million from another Beijing-based company, to CNY 200 million.

Therefore, Yangjing Beer takes a 75% share in the Guangdong-based subsidiary and the other Beijing-based company holds the rest 25%.

Guangdong is considered as the most important beer market because of its large consumption and high profits there. Ding Guangxue, vice general manager of Yanjing Beer, introduced that in 2004 Yanjing Beer invested CNY 100 million in building a factory in Foshan, a city in Guangdong Province.

Ding also revealed that to better use capital, Beijing Yanjing Brewery Co., Ltd. has agreed to sell its 22.49% stake in Beijing Fanhua Xiehe Bio-Pharm Co., Ltd. and its 1.37% stake in Beijing Securities Co., Ltd. to Yanjing Beer for CNY 10 million and CNY ... More Info

Peru: SABMiller extends its offer in Peru

SABMiller has announced on March 30 that it has extended the offer for the investment shares (class I non-voting stock) of Uni?n de Cervecer?as Peruanas Backus & Johnston S.A.A. ("Backus") to provide an additional opportunity for smaller retail shareholders to tender their shares. The offer which was due to expire on March 29, 2006 has been extended for a further five trading days to April 5, 2006.

Following completion of the initial ten day offer period, SABMiller owned approximately 90% of the investment shares. The cost of shares acquired in the offer to date is approximately US$360 million at current exchange rates.

Backus is Peru's largest brewer and is listed on the Lima Stock Exchange.

SABMiller plc is one of the world’s largest brewers with brewing interests or distribution agreements in over 60 countries across five continents. The group’s brands include premium international beers such as Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market leading local brands. Outside the USA, SABMiller plc is also one of the largest bottlers of Coca-Cola products in the world.

In the year ended 31 March 2005, the group reported US$2,194 million pre-tax profit ... More Info

Thailand: New CEO of Boon Rawd Trading International makes ambitious plan for Singha beer

The new chief executive officer of Boon Rawd Trading International Co has set an ambitious plan to raise the profile of the Singha beer brand internationally, with the aim of tripling exports to 25% of total sales over the next five years, Bangkok Post reported on March 29. Tom Kruesopon is the first outsider to run the 73-year-old operation, which until last month had been controlled by the founding Bhirombhakdi family.

He also was offered some shares in the company, but he declined to reveal the amount.''I am very proud to have a chance to work with Boon Rawd, which is well known for its long history. If I fail to achieve the sales target, I will consider resigning from the post. This is a self-imposed mission and Boon Rawd has never forced me to set any target,'' he said.

Last year, the brewer of the Singha, Leo and Asahi brands earned 30 billion baht in total sales. Over the next five years, the sales figure is expected to reach 50 billion baht.To achieve the target, Mr Tom said he would strengthen Boon Rawd's operation, which has suffered from the stagnation in the 80-billion-baht market at home, where competition has intensified with ... More Info

Malaysia: Beer consumption in decrease because of higher prices says Carlsberg

Consumers are increasingly choosing wine or hard liquor over beer because a steady increase in beer prices over the last three years has made it relatively more expensive, says Carlsberg Brewery Malaysia. The brewer, according to Businnes Times, along with rival Guinness Anchor Bhd, have raised the prices of beer and stout by 30 % in less than three years to pass on higher excise duties imposed on them by the Government.

"The continued inequitable increase in duty has narrowed the price gap between beer and hard liquor or wine on a per serving basis. Consequently, there has been a greater shift in consumption from beer to wine or hard liquor," said Carlsberg chairman Datuk Lim Say Chong in the company's 2005 annual report.

He said this, and other factors resulting from the duty increases, will result in 2006 being a "very challenging" year.He expects consumption of beer and stout - collectively known as malt liquor - to fall further this year. Analysts expect consumption to decline by as much as 10 %.

"The presence of low-priced imported beers and the increasing levels of smuggled beer products will also further exert pressure on the recovery of the growth of the Malaysian beer and ... More Info

Colombia: SABMiller will choose an investment bank to value its subsidiary Bavaria

London-based brewer SABMiller Plc will choose an investment bank in May to value its subsidiary Bavaria ahead of a compulsory offer to buy 3 percent of the Colombian company's stock from minority shareholders, a company official said on Thursday, March 30, according to Reuters report

"We hope to take the decision in May," said SABMiller's president for Latin America, Barry Smith, at a Bavaria shareholders' assembly in Bogota.

SABMiller bought 97 percent of Bavaria last year for about $9 billion in a stock-and-cash deal, including debt and interests in subsidiaries, which it said created the world's second-largest brewer by volume. It paid $19.48 a share, but minority shareholders opted to make use of a Colombian law allowing them to seek an audit of the price.

SABMiller will have to offer the price decided by the auditors at the investment bank, which could be higher or lower than $19.48.

Bavaria shares closed up 0.14 percent at 44,240 pesos on the Colombian Stock Exchange on Thursday.

Malt News
Vietnam: The second Vietnamese malting plant will be launched this year

Beer production in Vietnam has reached about 15 million hl per annum and is growing by 8% every year. Nowadays the country accounts only one malting plant with a capacity of 45,000 tonnes per year. The second one with a production capacity of 90,000 tonnes will be launched during 2006 and will cover in such a way 50% of Vietnam malt needs.

In the meantime Vietnam imports about 250,000 tonnes of malt mainly from EU, Australia, China and USA.

Barley News
World: IGC’s estimation of Barley Supply and Demand 2005/06 and Outlook 2006/07

World barley production for 2005/2006 is estimated by the International Grains Council (IGC) at 138.7 million tonnes, similar to last month, IGC posted in its Grain Market Report on March 30. Forecast total consumption is also little different at 142.0 million tonnes, increases in feed use in North Africa and Near East Asia being balanced by reductions in the EU and Russia. The strengthening feed demand, with particularly large shipments to Iran and Saudi Arabia, is reflected in an 0.6 million tonnes increase in estimated total trade to 18.0m tons, although the forecast for malting barley is lower, at 4.3 million tonnes. Revisions to the EU’s barley use statistics increase its estimated stocks, and the world total at the end of 2005/06 is now projected at 26.7 million tonnes.

Despite sowing delays, barley production in the EU is expected in 2006/2007 to be significantly higher than in 2005, when yields were low, according to IGC. Sowings of spring barley in the CIS countries will probably increase to make up for losses of winter grains and production will likely be higher. Farmers in Canada are expected to switch to barley from canola, while good rains in North ... More Info

Australia: Barley producers willing to retain the barley export monopoly

Barley growers in South Australia want to retain an export monopoly but have indicated they want it to operate more independently from current manager ABB Grain Ltd. (ABB.AU), according to a statement issued on March 28 by South Australian Farmers' Federation, Dow Jones reports.

Of the 5,909 barley growers in the state, some 1,762, or 30%, participated in a ballot, which was completed late last week, about the barley export monopoly, with 80% saying they wanted it while 20% said they didn't.

Asked about maintaining the status quo, 41% wanted the monopoly managed by ABB Grain to continue while 59% wanted more independence for the export monopoly, the federation said.

How this might happen wasn't stated. A third question canvassed growers' preferences for other marketing arrangements, were the export monopoly not be supported by most growers. To this question, 89% said they would prefer the introduction of a licensing authority, similar to one operating in Western Australia, while 11% favored total deregulation. Brett Roberts, chairman of the federation's grains council, said the ballot showed South Australian barley growers back the export monopoly, or single desk, as its known locally.

"There is a lot of pressure on governments to abandon marketing ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2076 March 31, 2006 
 Crop year   2005   2006 
 Parity   FOB Creil   FOB Creil 
 Position   July 2005   July 2006 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  120.00  145.00  117.00  141.50 
2RS  Prestige  117.00  141.50  116.00  140.50 
2RS  Cellar  116.00  140.50  114.00  138.00 
2RS  Sebastien  115.00  139.00  114.50  138.50 
2RS  Astoria  115.00  139.00  114.50  138.50 
2RS  Cork   114.50  138.50  114.00  138.00 
6RW  Esterel   103.00  124.50  105.50  127.50 
Theoretical malt prices.
  EURO = USD 1.2076 March 31, 2006 
Crop year  2005 
Parity  FOB Antwerp 
Position  Mar 2006-Sept 2006 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  250.00  302.00  264.50  319.50  264.50  319.50  279.00  336.50 
2RS  Prestige  246.50  297.50  260.50  315.00  261.00  315.00  275.50  332.50 
2RS  Cellar  245.50  296.00  259.50  313.50  259.50  313.50  274.00  331.00 
2RS  Sebastien  244.00  294.50  258.50  312.00  258.50  312.00  272.50  329.50 
2RS  Astoria  244.00  294.50  258.50  312.00  258.50  312.00  272.50  329.50 
2RS  Cork   243.50  294.00  257.50  311.00  257.50  311.50  272.00  328.50 
2RS   Average price  245.50  296.50  260.00  313.50  260.00  314.00  274.50  331.50 
6RW  Esterel   228.50  276.50  243.50  294.00  243.50  294.00  258.00  311.50 
*  Asia Malt 70/30  240.50  290.50  255.00  308.00  255.00  308.00  269.50  325.50 
**  Asia Malt 50/50  237.50  286.50  251.50  304.00  251.50  304.00  266.00  321.50 

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

Shares of the Main Participants in the Brazilian Beer market as of December 2005

Rank Company Market share, % Top Beer Brands in Brazil
1AmBev 69.4 %1. Brahma 19.6 %
2Schincariol 12.2 %2. Nova Schin 11.1 %
3Kaiser 8.7 % 
4Cervejaria Petropolis 5.3 % 
 Others 4.4 % 

Source: ACNielsen
Newsletter SummaryTop
Graph of the week


Agenda
March 2006:
Hops on Equinox Spring Beer Festival More than 80 beers, many of them
Vancouver Beer and Wine Festival Presented By: Alma Mater Society of UBC, Just

April 2006:
Gitchee Gumee Brewfest More than 120 beers from over 30 Upper Midwest brewers
Classic City Brew Fest Mini-festival this year because of venue problems
Master of Beer Styles & Evaluation program The Master of Beer Styles
4TH BREWING RAW MATERIAL SEMINAR (ROHSTOFFSEMINAR) Dealing with market and scientific topics
Newcastle Beer Festival Organized By: Tyneside & Northumberland Branch, Campaign for Real Ale
2006 Australian International Beer Awards
Helsinki Beer Festival 2006. April 7-8, 2006
Okanagon Fest-of-Ale British Columbia's second-largest festival
Taming of the Brew Beer from nearly 20 breweries and distributors
World Beer Cup Competition Judging
BREWER 2006
Craft Brewers Conference & BrewExpo America 2006
BEER. WINES & DRINKS International Beer, Wine and Spirits Manufacturing Exhibition
World Beer Cup Gala Awards Dinner
Spring Beer & Wine Festival
Planet Thanet Ale Festival
Stuttgart Spring Festival
Dunstable Beer Festival
Spring Festival Held on the same Oktoberfest grounds
Peoria Jaycees International Beer Festival
Best of the Midwest Brewers Festival Historic setting
Great Brews From Around the World Beer
City Paper Brew Fest Beer from more than 40 microbreweries
Hickory Hops Brew Festival
Wine&SpiritsAsia International Exhibition of Wine
Reading Beer Festival Organized
Stourbridge Beer Festival
Chippenham Beer Festival
Ballpark Festival of Beers Sampling of 100 to 125 American specialty beers
Reading Phillies Beer Fest Beer
TAP New York 2006 More than 100 beers from New York State craft
Hevelius International Beer Festival - Beverages and Gastronomy Devices Fair
2006 Great Petaluma Chili Cook-off, Salsa, and Beer Tasting Beer from many of

May 2006:
THE 4 th EUROPEAN BEER AND HEALTH SYMPOSIUM
10th Annual Boonville Beer Festival
BIG BREW National Homebrew Day website
Great Japan Beer Festival
Beer Baron's World of Beer
TwinTrack Brewing Microbiology Program
Rugby Beer Festival
Australian International Beer Awards Beer Festival
Long Island Beer Festival Hundreds of beers from nearly 70 breweries
Calgary Brewfest 2006 Beer from Calgary
ALCO + SOFT International Specialized Exhibition of Drinks
Beer International Brewing Technology Exhibition
Iran food and drink tec International Food, Drink and Packaging Technology Trade
Mondial de la Biere Windsor Station & Courtyard


More events are available on site e-malt.com
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