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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
Scientific Digest
Theoretical malt prices
Malting barley prices
Table of the week
Graph of the week
Agenda
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Average market prices
Change trend

13 Apr - 14 Apr 2006
Crop 2005
2rs Barley €116.00-118.00   
6rw Barley €103.00-105.00   
2rs Malt €246.00-248.00   
6rw Malt €229.00-231.00   
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 15a, 2006

See this Newsletter!
Newsletter 14b, 2006

See this Newsletter!
Newsletter 14a, 2006

See this Newsletter!
Newsletter 13b, 2006

See this Newsletter!
Newsletter 13a, 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


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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 15b
April 13 - April 14, 2006

Quote of the week

"If you guys are going to be throwing beer bottles at us, at least make sure they're full"

Currency Rates
Base Currency: Euro, EUR
on 14-April-2006

1 EUR = 1.2106 USD
1 EUR = 0.691 GBP
1 EUR = 1.3911 CAD
1 EUR = 1.6601 AUD
1 EUR = 143.413 JPY
1 EUR = 2.5917 BRL
1 EUR = 33.5463 RUB
1 EUR = 9.7193 CNY
Base Currency: US Dollar
on 14- April-2006

1 USD = 0.8262 EUR
1 USD = 0.5708 GBP
1 USD = 1.1491 CAD
1 USD = 1.3712 AUD
1 USD = 118.51 JPY
1 USD = 2.1409 BRL
1 USD = 27.7112 RUB
1 USD = 8.0287 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Brazil: InBev announces AmBev agreement to increase its shareholding in Quilmes Industrial S.A. -“Quinsa”... Click here

UK: SABMiller has issued update on trading for the 12 months to 31 March 2006... Click here

China: China Resources Snow Breweries enters Beijing market with the original beer... Click here

Russia: Novgorod-based Volga Brewery launches EUR 4.5 million project... Click here

Bulgaria: Kamenitza and Zagorka top in March beer sales rankings... Click here

EU: There is no room for savings or speculation in the malting industry... Click here

Russia: Russky Solod started malt shipments to Eastern Europe... Click here

EU: Reliable forecasts of acreages are more difficult than in other years... Click here

Australia: ABB Grain announces 2006/2007 barley pool indicators... Click here

More News
Czech Republic: Prazdroj launches filling room construction worth CZK 1 billion ... More Info

Brazil: Analysts about InBev’s boosting stake in Quinsa ... More Info

China: San Miguel to close two South China beer operations ... More Info

USA: Idaho market trends this week ... More Info

Russia: The social program “We will live here!” of SUN Interbrew ... More Info

China: Tsingtao Brewery to buy production-related assets of Baoji Beer Co ... More Info

World: USDA’s monthly Supply & Demand report for barley ... More Info

UK: Higher seed rates needed for late spring barley ... More Info

Belgium: InBev quitting plans for extra-cold Stella font in pubs ... More Info

USA: USDA/PVPO grants protection to Spaulding variety of barley ... More Info

Canada: Lakeport Brewing makes The Beer Store "Top 10 list" with two Lakeport brands ... More Info

USA: Cargill Reports Third-Quarter Fiscal 2006 Earnings ... More Info

Canada: Initial estimates of the CWB put the barley acreage in Canada 2 % lower than last year ... More Info

UK & South Africa: SABMiller announces further Black Economic Empowerment transaction ... More Info

Canada: Russell Breweries announces $1,500,000 brokered private placement ... More Info

Ukraine: Malteurop is expected to start the construction of a new elevator in Kharkov ... More Info

Ukraine : Baltika Breweries Ukraine to have new general director ... More Info

UK: Carlsberg UK launches Birra Poretti ... More Info

Nigeria: Consolidated Breweries plays a leading role in national economy ... More Info

USA: Rush Beverage aiming at purchasing new brewery ... More Info

India: Kingfisher pips Haywards, is now largest-selling strong beer brand ... More Info

Moldova: Efes Vitanta Moldova Brewery launches new product ... More Info

UK: Collins Stewart upgrading SABMiller to hold ... More Info

UK: Brewery fined for GBP 20,000 for polluting River ... More Info

Nigeria: Champion Breweries repositioning for business ... More Info

New Zealand: Heineken International has renewed its contract with Rugby World Cup ... More Info



Brewery News
Brazil: InBev announces AmBev agreement to increase its shareholding in Quilmes Industrial S.A. -“Quinsa”

InBev announced on April 13 that AmBev has entered into an agreement with Beverage Associates Corp. (“BAC”) to acquire all of BAC’s remaining shares in Quinsa for a total purchase price of approximately 1.2 billion U.S. dollars, subject to certain adjustments, including dividends and interest. Upon the closing of the transaction, AmBev’s equity interest in Quinsa will increase from 56.72% to 91.18% of its total share capital.

This agreement represents the final step of a transaction initiated in May 2002, whereby AmBev acquired an initial stake in Quinsa. The respective agreements provided that BAC had a put option in connection with its remaining shares in Quinsa, in exchange for AmBev’s shares. AmBev had a corresponding call right after 2009. Pursuant to the transaction announced today, which supersedes these put and call options, the parties agreed that the purchase price will be paid in cash. The closing of the transaction is subject to customary conditions precedent, including any required regulatory approvals. Further transaction details are available in AmBev’s press release issued today.

Since the creation of InBev in September 2004, InBev has included the results of Quinsa in its financial statements using the proportionate consolidation method. As a consequence of the agreement ...
More Info


UK: SABMiller has issued update on trading for the 12 months to 31 March 2006

SABMiller issued on April 12 the following update on trading for the 12 months to 31 March 2006. The group recorded good organic growth of 5% in lager volumes for the 12 months to 31 March 2006, and group financial performance was in line with management's expectations. The calculation of organic growth rates excludes volumes for our new South America business, which became part of the group in October 2005.

Miller's domestic sales to retailers ("STR"s) were 1.0% below prior year, in a relatively weak industry trading and pricing environment over the 12 months. Our flagship brand Miller Lite continued to grow, despite cycling higher year-on-year comparables and aggressive pricing by the main competitor brand. South America lager volumes for the six months to 31 March were 7% above the prior year, on a pro forma basis, in line with our expectations at the time of the transaction. This reflects continued good growth in Colombia, and a particularly strong volume performance in Peru in competitive market conditions. In Central America, carbonated soft drink volumes have grown by 6%, but beer volumes were down by 5%, ...
More Info


China: China Resources Snow Breweries enters Beijing market with the original beer

On April 12, the original beer specially created for Beijing's mass market by China Resources Snow Breweries Co., Ltd, formally entered Beijing, according to SinoCast China Business Daily News. China Resources Snow Breweries Co., Ltd is co-sponsored by China Resources Enterprise Limited and SAB Miller and is one of China's biggest beer enterprises.

Hou Xiaojian, the market director of China Resources Snow Breweries Co., Ltd said that the price of the original beer is CNY 1.5 for community and CNY 2- CNY 3 for catering market.

This action shows that it is the first time for China's three beer tycoons China Resources Snow Breweries Co., Ltd Tsingtao Brewery Company Limited and Yanjing Beer Group Corp compete for the same target group in the same region.


Russia: Novgorod-based Volga Brewery launches EUR 4.5 million project

The Investment in a project to set up a new line to produce beer in PET-bottles at Volga Brewery based in Nizhny Novgorod, amounted to 4.5 million euros, the company announced on April 12 , according to Interfax .

The new line was launched in April 2006 and is currently working at full capacity, the Volga press service told Interfax. The line replaced older equipment that could not handle the required volumes of production.

The new line has production capacity of 18,000 bottles per hour. The equipment was delivered by Germany's Krones. The line's projected production capacity is four times greater than the capabilities of the first line for PET-bottles at the brewery, which was installed in 2002. Volga Brewery has production capacity of 0.8 million hectoliters per year. Heineken NV signed a deal on the purchase of the plant on August 10, 2004.


Bulgaria: Kamenitza and Zagorka top in March beer sales rankings

Bulgarian beer makers Kamenitza and Zagorka nearly dead-heated for the top spot in the March sales rankings with Kamenitza taking a marginal lead on its main local rival, shows data of Union of Brewers in Bulgaria (UBB), according to Bulgarian Dnevnik .

Kamenitza, owned by the world's biggest brewer by volume InBev, sold 112,327 hectoliters in March versus 112,155 hectoliters for Zagorka which is owned by Dutch Heineken and Greek Coca-Cola HBC.

Zagorka took the January sales crown before settling for second behind Kamenitza in February.
The bid due is well clear of the no.3 player Carlsberg Bulgarian which moved 65,636 hectoliters in March.

Locally-owned Boliarka VT placed fourth with 28,227 hectoliters.The UBB members recorded combined sales of 324,471 hectoliters in March.Q1 sale were reported at 672,028 hectoliters, up 18% year-on-year.

Malt News
EU: There is no room for savings or speculation in the malting industry

The malt calculation in the EU leaves little room for savings or speculation. The price of energy has gone up by 30 % on average since a year ago. Freight cost has increased, mainly for road transport.

Forecasts for spring barley acreages are down in the major malting barley regions, by 5 % or less in the Czech Republic, Denmark and the U.K., but around 10 % in France, Germany and Sweden. It can be said, of course, that barley needs for malting will be down by the same amounts.

Planting is late everywhere, but March snowfall and rains provided for good moisture reserves. A number of reasons can be cited for the lower malting barley acreage, one important reason is the disenchantment of farmers with their revenues from malting barley crops.

Low barley prices are an obvious consequence of the pressure on malt markets. If this situation continued, it could one day lead to a real supply crisis, the more so as there are new alternative outlets for grain crops.


Russia: Russky Solod started malt shipments to Eastern Europe

The largest Russian malting company, ОАО "Russky Solod", being under control of Avangard Bank (Russia), has started the shipments of malt to Eastern Europe. The first lot was delivered to Romania.

Contracts are signed with the other beer producers from CIS countries (Commonwealth of Independent States). This year Russky Solod plans to deliver 45,000 tonnes of malt to Ukraine, about 10,000 tonnes to Kazakhstan and other 10,000 tonnes to the other CIS countries.

“Russky Solod" is the biggest malt producer in Russia and one of the largest in Europe. The company owns three malting plants in Moscow, Orlovsk and Voronej regions. The total production comes to more than 300,000 tonnes of malt per year.

Barley News
EU: Reliable forecasts of acreages are more difficult than in other years

Spring has arrived to the EU in late March. Spain and Portugal recorded good rainfalls, improving their crop prospects after the catastrophic harvest of 2005. However, further regular precipitation will be needed between now and harvest time to overcome to subsoil moisture deficit, the consequence of a number of past dry years.

Reliable forecasts of acreages are more difficult than in other years, because of the lateness of spring and still unknown winter damages, which, however, are expected to be small.

Coceral like other private estimates expect a larger crop in Spain and no major changes in the other countries. There is some apprehension, nevertheless, about the acreages and resulting crops of spring barley in Germany and all Eastern and Southeastern EU countries.

Neither USDA nor IGC office gives a crop forecast for 2006. Europe and the CIS are growing two thirds of the world barley production. The long and cold winter in large parts of Europe make a good estimate difficult, if not impossible.


Australia: ABB Grain announces 2006/2007 barley pool indicators

ABB Grain has announced on April 13 opening export barley gross pool indicators for South Australia for the 2006/2007 season, of $189/tonne for malting 1 and $170/tonne for feed 1.

The size of the northern hemisphere crop will be a key factor in determining prices for the coming season, with harvest commencing in Europe in July/August and Canada in August/September.

Mixed reports are coming out of Europe, where we expect at least an average crop. In some areas winter kill in European crops will affect the make-up of the harvest in this region. However, slow progress has been made in planting spring malting barley in Germany due to bad weather, while in Russia and Ukraine, planting is about three weeks behind. In other parts of Europe, extra rain in France and Spain has bolstered hopes for better crops.

In regards to feed barley, reports of aggressive pricing for European new crop could affect prices we achieve in markets like Saudi Arabia. Nevertheless, the strength in demand for Australian feed barley from December onwards should result in rapid uptake from Middle East and Japanese buyers.

In relation to malting barley, we believe the major market China will not be affected by Europe, and prices will ...
More Info

Scientific Digest

Brewing beer

Brewing is the production of alcoholic beverages and alcohol fuel through fermentation. This is the method used in beer production, although the term can be used for other drinks such as sake, mead and wine. The term is also sometimes used to refer to any chemical mixing process.

Brewing has a very long history, and archeological evidence tells us that this technique was used in ancient Egypt. Descriptions of various beer recipes can be found in Sumerian writings, some of the oldest known writing of any sort.

All beers are brewed using a process based on a simple formula. Key to the process is malted grain, traditionally barley, but often also wheat and, less commonly rye. (When malting rye, due care must be taken to prevent ergot poisoning (ergotism), as rye is particularly prone to developing this toxic fungus during the malting process.).... Read full article


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2106 April 14, 2006 
 Crop year   2005   2006 
 Parity   FOB Creil   FOB Creil 
 Position   July 2005   July 2006 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  121.00  146.50  117.00  142.00 
2RS  Prestige  118.00  143.00  116.00  140.50 
2RS  Cellar  117.00  142.00  114.00  138.50 
2RS  Sebastien  116.00  140.50  114.50  139.00 
2RS  Astoria  115.00  139.50  114.50  139.00 
2RS  Cork   114.00  138.50  114.00  138.50 
6RW  Esterel   104.00  126.00  105.50  128.00 
Theoretical malt prices.
  EURO = USD 1.2106 April 14, 2006 
Crop year  2005 
Parity  FOB Antwerp 
Position  Apr 2006-Sept 2006 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  252.00  305.00  266.50  322.50  266.50  322.50  280.50  340.00 
2RS  Prestige  248.50  300.50  262.50  317.50  262.50  318.00  277.00  335.50 
2RS  Cellar  247.00  299.00  261.50  316.50  261.50  316.50  276.00  334.00 
2RS  Sebastien  245.50  297.50  260.00  315.00  260.00  315.00  274.50  332.50 
2RS  Astoria  244.50  296.00  259.00  313.50  259.00  313.50  273.50  331.00 
2RS  Cork   243.50  294.50  257.50  312.00  257.50  312.00  272.00  329.50 
2RS   Average price  247.00  298.50  261.00  316.00  261.00  316.00  275.50  333.50 
6RW  Esterel   230.00  279.50  245.50  297.00  245.50  297.00  260.00  314.50 
Asia Malt 70/30  242.00  293.00  256.50  310.50  256.50  310.50  271.00  328.00 
**  Asia Malt 50/50  239.00  289.00  253.50  306.50  253.50  306.50  267.50  324.00 

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

German Spring Barley. Crop 2006. Forecast.

  Acreage
'000 ha 
Brewing barley
percent 
Yield
t/ha 
Brewing barley
'000 tonnes 
Baden-Wurttemberg  80  60%  5.0  240 
Bayern  150  60%  4.8  432 
Berlin/Brandenburg  10%  4.8 
Hessen  25  80%  4.8  96 
Mecklenburg/Vorpommern  10  50%  5.0  25 
Niedersachsen/Bremen  55  25%  5.0  69 
Nordrhein-Westfalen  15  50%  5.2  39 
Rheinland-Pfalz/Saarland  68  80%  5.0  272 
Sachsen  40  50%  5.0  100 
Sachsen-Anhalt  13  35%  5.0  23 
Schlesw-Holstein/Hamburg  13  40%  5.0  26 
Thuringen  46  70%  5.2  167 
Total Germany  522      1492 
  Main varieties in Germany
  Spring barley: Braemar, Scarlett, Pasadena, Barke, Auriga, Belana.
  Winter barley: Vanessa.

Newsletter SummaryTop
Graph of the week


Agenda
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


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


June 2006:
ProPak Asia International Food and Drink Processing and Packaging Technology Exhibition
BevTech / BrewTech International Exhibition of Beverage and Brewary Processing and Packaging
IGC GRAINS CONFERENCE 2006
For conference sponsorship opportunities
National Homebrewers Conference


More events are available on site e-malt.com
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