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Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Brewery news
Barley news
More news
Theoretical malt prices
Malting barley prices
Barley price evolution
Table of the week
Graph of the week
On These Days
Agenda
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Average market prices
Change trend
26 Oct - 27 Oct 2006
Crop 2006
2rs Barley €178.0-180.0   1.13%
6rw Barley €159.0-161.0   1.27%
2rs Malt €346.5-348.5   0.72%
6rw Malt €322.5-324.0   0.78%
Crop 2007
2rs Barley €157.0-159.0   0.64%
6rw Barley €135.0-137.0   0.74%
2rs Malt €313.0-315.0   0.48%
6rw Malt €285.0-287.0   0.53%

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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Newsletter 43a, 2006
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Newsletter 42b, 2006
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Newsletter 42a, 2006
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Newsletter 41b, 2006
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Newsletter 41a, 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!

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World Barley Production (2005-2006 2006-2007f)
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Top 10 European Beer Brands (2005)
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Asia Malt Imports
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Africa Beer Production
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The World Malt Export (2004-2005,2005-2006e)

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 43b
October 26 - October 27, 2006
Quote of the week

"Wherever beer is brewed, all is well - wherever beer is drunk, life is good."
Czech proverb


Currency Rates
Base Currency: Euro, EUR
on 27-October-2006

1 EUR = 1.2649 USD
1 EUR = 0.6716 GBP
1 EUR = 1.4222 CAD
1 EUR = 1.6591 AUD
1 EUR = 150.207 JPY
1 EUR = 2.7132 BRL
1 EUR = 33.9181 RUB
1 EUR = 9.9981 CNY
 Base Currency: US Dollar
on 27-October-2006

1 USD = 0.7907 EUR
1 USD = 0.531 GBP
1 USD = 1.1244 CAD
1 USD = 1.3117 AUD
1 USD = 118.769 JPY
1 USD = 2.1451 BRL
1 USD = 26.8157 RUB
1 USD = 7.9045 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
USA: Anheuser – Busch Cos. reported increased sales and earnings for the third quarter and nine months of 2006... Click here

Finland: Olvi Group’s net sales increased by 15.7% to €130.6 million in January-September 2006... Click here

Germany: Flavoured beer accounts for less than 5% of the beer market but is gaining steadily in popularity... Click here

Ukraine: The brewing sector has dropped by one third in September 2006... Click here

Mexico: Femsa is expected to report 3Q 2006 net profit growth of 28%... Click here

Canada: 2006-07 Pool Return Outlook for malting barley moves higher by CA$/t 11 for two-row and CA$/t 7 for six-row varieties... Click here

Australia: ABARE said 2006/07 barley crop will be down by 64% year-on-year because of severe draught... Click here

China & France: French malting barley exports to China will increase to 500,000 t per year... Click here

More News
India: SABMiller is getting closer to buy India's Mohan Meakins beer business ... More Info

Belarus & Latvia: Krinitsa brewery plans to intensify beer shipments to Latvia ... More Info

USA: Anheuser-Busch concedes impact of rival Heineken Premium Light upon sales of Bud Light, Budweiser Select and Michelob Ultra ... More Info

New Zealand: Diageo applied to the Australian Competition and Consumer Commission for clearance to acquire Independent Liquor ... More Info

Russia: The brewing sector’s growth was forecasted to stay within the 4-6% tolerable limits ... More Info

World: The “globeerization” undercuts the role of homebrew beer production and reflects badly upon the sustainable development throughout the world ... More Info

UK: Diageo will trial new Guinness Red in pubs ... More Info

South Korea: Hite Brewery uses Germany-made control system to inspect multiple label locations ... More Info

USA: Heineken USA promotes Sergio M. Barrios to the position of director of public affairs ... More Info

Republic of Moldova: The 2005 autumn draught shifted the barley balance towards spring sowings ... More Info

Canada: Brick Brewing announced normal course issuer bid ... More Info

India: United Breweries reported 2Q 2006 net income increased by 225% ... More Info

UK: Carlsberg UK increases prices for beer by 4.94% effective from 20 November 2006 ... More Info

Middle East: Cobra Beer is under negotiations with Iranian supplier to ship non-alcoholic beers to more Middle East destinations ... More Info

USA: Chief Financial Officer announced plan to retire from Constellation Brands ... More Info

India: SABMiller released Haywards Black, the first stout beer on the Indian beer market ... More Info

UK: Tiger Beer media account is going to be handled by Young & Rubicam ... More Info

Thailand: FDA decided that dumped the plan to fully ban alcohol advertising ... More Info



Brewery News
USA: Anheuser – Busch Cos. reported increased sales and earnings for the third quarter and nine months of 2006

Led by strong domestic beer revenues and earnings, Anheuser-Busch Cos. Inc. reported October 25 that third quarter 2006 net sales increased 4.7 percent and diluted earnings per share (excluding a one-time litigation settlement in 2005) increased 7.9 percent. For the nine months of 2006, net sales increased 5.3 percent and diluted earnings per share (excluding one-time items in both years) improved 7.1 percent.

“We are pleased with our earnings results to date,” said Patrick Stokes, president and chief executive officer of the company. “Earnings growth for the company’s domestic beer business accelerated in the quarter, with pretax income up 7 percent. Beer shipments to wholesalers increased 1.1 percent in the third quarter while revenue per barrel 2/ was up 2.8 percent versus last year. Productivity improvement initiatives, along with somewhat lesser energy cost increases, have helped mitigate continuing cost pressures. In addition, our international beer segment, led by Grupo Modelo, and our entertainment segment are having outstanding years. We expect Anheuser-Busch’s positive performance to continue through the end of the year and our earnings to continue to improve in 2007.”

Consistent with the pattern for 2006 pricing actions, the company plans to implement increases on the majority of its beer volume in ... More Info

Finland: Olvi Group’s net sales increased by 15.7% to €130.6 million in January-September 2006

The Olvi Group achieved the best third-quarter result in its history, improving profitability in all operating areas, the group released October 26. Olvi Group’s net sales for the first 9 months amounted to €130.6 (112.9) million, an increase of 15.7% (in the gapes the same topic year-on-year). The operating profit stood at €16.7 (€11.6) million. The increase in operating profit was mostly attributable to a significant earnings improvement in Finland. The Group's gross capital expenditure amounted to €14.6 (€16.7) million, and its equity to total assets ratio stood at 50.0 percent (48.1%). Earnings per share amounted to €1.32 (€0.86).

Olvi plc adopted the International Financial Reporting Standards (IFRS) as of 1 January 2005. This interim report has been prepared in accordance with IFRS recognition and measurement principles. The interim report has not been prepared in compliance with all of the requirements in the standard IAS 34, Interim Financial Reporting. The accounting policies used for the preparation of this interim report are the same as those used for the annual financial statements 2005. The interim report is unaudited.

Net sales and earnings

Olvi Group’s sales in January-September amounted to a total of 2.33 (2.08) million hl. This represents an increase of 255,000 hl ... More Info

Germany: Flavoured beer accounts for less than 5% of the beer market but is gaining steadily in popularity

Germany, long considered the centre of the beer world, still has a thirst for the amber liquid, but a growing number of people are turning to flavoured beers, according to figures released October 27, reports said October 27.

The Federal Statistics Office said 1.2 million hectolitres of beer flavoured with Coca-Cola, fruit juices or other non-alcoholic additives were sold in the third-quarter of 2006, a 28.9 percent jump over the corresponding period a year ago.

Total beer consumption for the period was 29.6 million hectolitres, 2.2 percent more than a year ago.

Although flavoured beers account for only 4.2 percent of the market, they are growing in popularity, particularly among young people, according to the German Brewers Association.

Ukraine: The brewing sector has dropped by one third in September 2006

Beer exports shortened by 32.6% or by 114,962 hl in September 2006, The Russian Brewers Union released October 25 citing the Ukrainian Statistics Commission. For the same month, beer exports recorded a 6.5% decrease year-on-year, meaning by 16,592 hl.

In January-September, bee shipments performed a general 20.2% increase year-on-year, meaning by 411,438 hl and totaled 2.445 million hl worth 66.09 million US$.

As it was mentioned before, in August 2006, beer exports hiked by 9.3% (+29,900 hl) against July 2006 reaching 352,683 hl worth US$9.70 million.

In 2005, the Ukrainian beer shipments increased by 20.7% year-on-year (+446,805 hl) and totaled 2.609 million hl worth US$67.67 million.

Kiev-based Obolon brewery is still the Ukrainian leading beer exporter.

Mexico: Femsa is expected to report 3Q 2006 net profit growth of 28%

Mexico's Femsa, the largest soft drink and beer company in Latin America, is expected to post a 28 percent rise in third-quarter net profit as revenues jump on the back of higher beer sales at home and abroad, Reuters communicated October 25.

A Reuters survey of five analysts forecast, on average, that Femsa would report a net profit of 2.193 billion pesos ($199 million), up from 1.708 billion pesos a year before.

"We expect Femsa to report consolidated real revenue growth of 14.7 percent, including beer domestic volume growth of 3.5 percent and export volume growth of 9 percent," Deutsche Bank said in a note.

Femsa brews Tecate, Sol and Dos Equis brands and its soft drinks affiliate, Coca-Cola Femsa, is the second-largest Coke bottler in the world.

Femsa is also expected to report a sterling performance in its retail unit, a chain of convenience stores known as Oxxo, which has been its star performer for several quarters.

BBVA-Bancomer said in a note it expects sales at Oxxo, which sells Femsa's beers and Coke products alongside snacks, to rise 21 percent from a year before. The brokerage expects Femsa to announce it opened around 150 locations in the quarter.

But margins are seen being hit by ... More Info

Barley News
Canada: 2006-07 Pool Return Outlook for malting barley moves higher by CA$/t 11 for two-row and CA$/t 7 for six-row varieties

The Canadian Wheat Board released October 26 its Pool Return Outlook (PRO) for the 2006-07 crop year (in store Vancouver or St. Lawrence). The Pool A feed barley PRO is up $/t 28 over last month, while malting barley PROs are up by $/t 11 for two-row and $/t 7 for six-row (figures in CA$ unless stated).

World prices for feed grains have moved up significantly over the last month, driven by the drought-reduced crop in Australia, tightening of supplies out of the Black Sea region and strong feed grain demand.

October PRO:
1 CW - Pool A: $/t 170.00
September PRO:
1 CW - Pool A: $/t 142.00

The drought-reduced Australian barley production and the ongoing tight supply demand balance in the EU have been the major factors responsible for world malting barley prices moving higher over the past month. Tight feed grain supplies have pushed feed prices higher, narrowing the spreads between feed and malting barley. Higher prices are meeting with resistance from importers as they look to lower-priced options, including adjuncts and their own domestic barley supplies.

October PRO:
SS CW Two-Row: $/t 189.00
Std Sel Two-Row: $/t 184.00
SS CW Six-Row: $/t 179.00
Std Sel Six-Row: $/t 174.00

September PRO:
SS CW Two-Row: $/t 200.00
Std ... More Info

Australia: ABARE said 2006/07 barley crop will be down by 64% year-on-year because of severe draught

The nation's top commodities forecaster, the Australian Bureau of Agricultural and Resource Economics (ABARE), released October 27 its revised crop production figures for 2006/07. Production of barley is tipped to suffer, The Age posed October 27.

ABARE says the barley crop is forecast to be 3.6 million tonnes this financial year, down 64 per cent on a year ago.

The downward revision of crop numbers is expected to wipe $6.2 billion from the value of production of the three key commodities in 2005/06. The figure is 35 per cent lower than 2005/06.

ABARE acting executive director Karen Schneider said the effect of the fall in crop sizes would have an impact on the broader economy.

"Taking into account this latest revision to the farm sector forecasts and the flow on effects on the rest of the Australian economy, the drought is estimated to reduce economic growth in Australia in 2006/07 by around 0.7 percentage points from what would otherwise have been achieved," she said.

And ABARE is not optimistic about the outlook for summer rains.

"The rainfall outlook for summer crops is not promising," it said.

"The chances of exceeding the median rainfall for the November-January period are between 30 and 40 per cent for northern NSW ... More Info

China & France: French malting barley exports to China will increase to 500,000 t per year

French malting barley exporters have pledged a fivefold boost in their supplies to China to satisfy rocketing demand from the nation's brewers.

Jean-Jacques Vorimore, president of France Export Cereals, said malting barley annual supplies would rise over the next few years from the current 100,000 t to 500,000 t, China View learned October 27 form China Daily.

Speaking at a recent seminar in Wuhan, the capital of Central China's Hubei Province, Vorimore said that France, one of the world's major malting barley suppliers, aims to become a regular long-term source for China.

"We plan to bring our barley exports to China to one-third of China's total imports," he added.

"China has become the world's largest brewer and consumer of beer, and it requires a stable supply of quality malting barley. There is huge potential for the industry in the two nations to cooperate," said Vorimore.

Australia and Canada have been China's major sources of barley for almost a decade. French barley is usually imported when, due to seasonal factors, there is no more good-quality malting barley from these two countries.

Surging transportation costs and the falling US dollar have made French barley more expensive in recent years, driving away many ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2649 October 27, 2006 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  181.00  229.00  160.00  202.50 
2RS  Prestige  180.00  228.00  159.00  201.50 
2RS  Cellar  179.00  226.50  158.00  200.00 
2RS  Sebastien  178.00  225.50  157.00  198.50 
2RS  Astoria  178.00  225.50  157.00  198.50 
2RS  Cork   177.00  224.00  156.00  197.50 
6RW  Esterel   160.00  202.50  136.00  172.50 

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

Theoretical malt prices.
  EURO = USD 1.2649 October 27, 2006 
Crop year  2006 
Parity  FOB Antwerp 
Position  Oct 2006-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  350.50  443.00  364.50  461.00  364.50  461.50  379.00  479.50 
2RS  Prestige  349.00  441.50  363.50  459.50  363.50  459.50  378.00  478.00 
2RS  Cellar  348.00  440.00  362.00  458.00  362.50  458.00  376.50  476.50 
2RS  Sebastien  346.50  438.50  361.00  456.50  361.00  456.50  375.50  474.50 
2RS  Astoria  346.50  438.50  361.00  456.50  361.00  456.50  375.50  474.50 
2RS  Cork   345.50  437.00  359.50  455.00  359.50  455.00  374.00  473.50 
2RS   Average price  347.50  439.50  362.00  457.50  362.00  458.00  376.50  476.00 
6RW  Esterel   323.50  410.50  338.50  428.50  339.00  428.50  353.50  446.50 
*  Asia Malt 70/30  340.50  431.00  355.00  449.00  355.00  449.00  369.50  467.50 
**  Asia Malt 50/50  336.00  425.00  350.50  443.00  350.50  443.00  365.00  461.50 

* - 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 2007 are available on site www.e-malt.com/MarketPrices

Barley Price Evolution



Source: E-Malt.com, October 2006

Table of the week

EU Malting Barley Supply and Demand Estimate 2006/2007

in '000 tonnes     Suppliers  Correct specifications  Tolerated specifications 
  Estimated malt production Barley Demand Winter Spring correct specs Spring tolerated specs +/- +/-
Northwest:                 
 Belgium  700  875  -  25  -  -850  -850 
 France  1200  1500  1300  1650  200  +1450  +1650 
 Germany    1650  2060  100  1000  400  -960  -560 
 Ireland    120  150  -  150  -  -  - 
 Netherlands    320  400  -  100  50  -300  -250 
 United Kingdom    1350  1690  900  1050  200  +260  +460 
Total Northwest    5340  6675  2300  3975  850  -400  +450 
Baltic:                 
 Denmark    260  325  -  675  100  +350  +450 
 Finland    150  185  -  150  50  -35  +15 
 Lithuania    50  65  -  15  -  -50  -50 
 Poland    220  275  -  50  50  -225  -175 
 Sweden    150  190  -  150  40  -40  - 
Total Baltic    830  1040  -  1040  340  0  +340 
Southeast:                 
 Austria    150  185  -  150  20  -35  -15 
 Czech Republic    400  500  -  200  100  -300  -200 
 Hungary    80  100  -  60  40  -40  - 
 Slovakia    200  250  -  250  75  -  +75 
Total Southeast    830  1035  -  660  235  -375  -140 
Mediterranean:                 
 Greece    450  55  -  5  -  -50  -50 
 Italy    60  75  -  40  -  -35  -35 
 Portugal    75  95  -  -  -  -95  -95 
 Spain    430  540  -  470  -  -70  -70 
Total Mediterranean    610  765  -  515  -  -250  -250 
NET TOTAL    7610  9515  2300  6190  1425  -1025  +400 
Newsletter SummaryTop
Graph of the week


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Agenda
October 2006:
International Beer Summit 2006, Japan.
World Beer Festival, USA
Food And Beverages, Novi Sad Fair, Serbia & Montenegro.
MBAA Brewing and Malting Science Course
Lighthouse International Beer Festival, USA.
Belgian Beer Festival. website:www.beerfestival.be
Belgian Beer Fest - Sunday Brunch, USA.
World Food Ukraine / Ingredients Ukraine International Food and Drinks Exhibition

November 2006:
Balkan Food & Drinks 2006, Bulgaria.
World Food Kazakhstan - 2006
Food & Drinks 2006, Georgia.
EBC SYMPOSIUM ON DRINKABILITY, UK.
InterDrink - 2006, Moscow
PeterFOOD - 2006, Saint-Petersburg
Americas Food & Beverage Show
IHGC meetings Germany
Interfood & Drink, Bulgaria
BRAU Beviale European Trade Fair for the Beverage Industry
Interfood Georgia - 2006
Foodapest - 2006, Budapest
International Forum 'Drinks Industry'
InterFood Tajikistan - 2006

December 2006:
12th OBER Kerstbierfestival , Belgium



More events are available on site e-malt.com
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