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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
Table of the week
Graph of the week
On These Days
Agenda
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Average market prices
Change trend
18 Jan - 21 Jan, 2007
Crop 2006
2rs Barley €207.0-209.0   
6rw Barley €185.0-187.0   
2rs Malt €404.0-406.0   
6rw Malt €376.0-378.0   
Crop 2007
2rs Barley €157.0-159.0   
6rw Barley €142.0-144.0   
2rs Malt €330.0-332.0   
6rw Malt €310.5-312.5   

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. Average Malt Prices are theoretical and based FOB Antwerp being estimated on French malting barley prices. The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.

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Newsletter 03a, 2007
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Newsletter 02b, 2007
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Newsletter 02a, 2007
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Newsletter 01, 2007
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Newsletter 52, 2006

Market price evolutions

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World Leading Beer Markets 2005

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 03b
January 18 - January 21, 2007
Quote of the week

A lean agreement is better than a fat lawsuit
German Proverb


Currency Rates
Base Currency: Euro, EUR
on 19-January-2007

1 EUR = 1.2948 USD
1 EUR = 0.6568 GBP
1 EUR = 1.5203 CAD
1 EUR = 1.6438 AUD
1 EUR = 156.715 JPY
1 EUR = 2.7661 BRL
1 EUR = 34.3636 RUB
1 EUR = 10.0748 CNY
 Base Currency: US Dollar
on 19-January-2007

1 USD = 0.7724 EUR
1 USD = 0.5072 GBP
1 USD = 1.1742 CAD
1 USD = 1.2696 AUD
1 USD = 121.037 JPY
1 USD = 2.1363 BRL
1 USD = 26.5389 RUB
1 USD = 7.7807 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
South America: SABMiller plc to invest US$1.8 billion in South America... Click here

Japan: Beer and beer-like drinks’ shipments edged down 0.7% in 2006... Click here

Bulgaria: Every Bulgarian drank 68 liters of beer last year... Click here

Lithuania: Higher prices for beer in 2007... Click here

Czech Republic: Krusovice brewery increased by 11% its beer output in 2006... Click here

UK & India: Cobra Beer plans to invest $20 million in India by 2009... Click here

Australia: 2005/2006 season malting barley pool estimates rises... Click here

More News
UK: SABMiller issued its trading update for the group’s third quarter ... More Info

Czech Republic: Chodovar beer sales reached 80,000 hl in 2006 ... More Info

Turkey: Fitch Ratings gives a positive ‘BB’ outlook to Anadolu Efes’s IDR ... More Info

China & UK: SABMiller will acquire remaining 38% interest in 13 Blue Sword breweries ... More Info

UK: 2006-07 UK exportable barley surplus ... More Info

Australia: ABB has increased its barley estimate for 2006/2007 ... More Info

UK: SABMiller "overweight" rating maintained, estimates rise ... More Info

USA: Samuel Adams celebrates 2006 hops harvest with the famous Samuel Adams Hallertau 24 ... More Info

Bulgaria: Top quality domestic beer at low prices ... More Info

Ukraine: Barley crop up 26.4%, to 11.3 mln MT in 2006 ... More Info

UK & Singapore: Muntons expands into Asia Pacific region ... More Info

USA: Joseph R. Piccirilli to leave Pittsburgh Brewing Co. ... More Info

Canada: Manitoba farmers support CWB monopoly ... More Info

World: Diageo announces creation of Asia Pacific region ... More Info

USA: Deschutes Brewery expanding to Portland ... More Info

USA: Anheuser-Busch hosting Bud Bowl 2007 events ... More Info

USA: Saint Arnold Brewing has reported record production for the third consecutive year ... More Info



Brewery News
South America: SABMiller plc to invest US$1.8 billion in South America

SABMiller plc, one of the world’s leading brewers, announced on January 17 that it is investing approximately US$1.8 billion in its South American operations over 5 years, responding to higher than expected sales volumes and the significant profit growth potential in the region. The investment will finance upgrades to the group’s brewing capacity; point of sale improvements; the development of route to market networks; and new packaging which forms part of a brand renovation programme to enhance the appeal of the group’s beers to a broader base of consumers and across a wider range of drinking occasions.

As part of its investment in Colombia, SABMiller will replace over 700 million bottles and 25 million crates in a substantial project to drive both volume growth and category reappraisal. Strong volume growth in Colombia has already accelerated the investment of US$175 million in a new brewery in Cali, the country third largest city in the west of the country. Similarly in Peru, where SABMiller’s subsidiary Backus and Johnston has already announced it will invest US$102 million in the expansion of its facilities at Ate and Motupe, a further $12 million has been spent in the current financial ... More Info

Japan: Beer and beer-like drinks’ shipments edged down 0.7% in 2006

Japan's top five producers’ domestic shipments of beer and beer-like alcoholic drinks fell 0.7 percent in 2006 from the year before for the second straight yearly fall, Kyodo News International reported on January 17.

Shipments by Kirin Brewery Co., Asahi Breweries Ltd., Suntory Ltd., Orion Breweries Ltd. and Sapporo Breweries Ltd., a Sapporo Holdings Ltd. unit, came to 497.50 million cases, according to the Brewers Association of Japan and beer manufacturers.

One case holds 20 633-milliliter bottles, and is equivalent to 12.66 litres of beer.

Kirin Brewery attributed the mild market shrinkage to smaller consumption stemming from the rapid graying of the Japanese populace and to the defection of consumers to other alcoholic beverage categories.

The shrinkage also stemmed from the higher tax rate set for so-called "third-category beer," or beer-like sparkling drinks, whose consumption has been steadily expanding in recent years, the brewer said.

Other industry officials traced the contraction to a crackdown on drunken driving which police began implementing last fall.

Regular beer shipments dropped 2.0 percent to 276.63 million cases for the 10th consecutive year of fall.

Shipments of "happoshu" low-malt beer slumped 10.4 percent to 124.78 million cases for the fourth straight yearly drop.

Shipments of third-category beer rose 21.0 percent to 96.09 million ... More Info

Bulgaria: Every Bulgarian drank 68 liters of beer last year

The annual beer consumption in Bulgaria reached 68 liters per capita in 2006, Union of Brewers in Bulgaria head Vladimir Ivanov said according to Sofia Echo, January 18.

Compared to the quantity consumed in the UK, where one person had 100 liters of beer in 2006, the Bulgarian consumption was still not that high.

New brands of beer would appear on the Bulgarian beer market in the spring of 2007, Ivanov said. The number of licensed beer brands sold in Bulgaria would reach nine. Local brands were 27.

The brewing industry was expected to reach a seven per cent growth in 2007.

According to experts Bulgarians preferred to drink beer at home, because it was less expensive. Beer consumption in Bulgaria depended on the economic situation in the country.

The price of Bulgarian beer would rise in 2007, but insignificantly, Ivanov said. Beer price was lower only in China, he said.

Beer brewers in Bulgaria produced 5 228 million hl of beer in 2006.

Lithuania: Higher prices for beer in 2007

Beer lovers have to pay more for their favourite drink, Baltic Business News reported January 18. Compared with last summer, the price of 0.5 l bottle has grown about 13 pct. Lithuanian breweries blame rising costs of raw materials. They hope higher prices will be offset by growing salaries and will not drive the consumers away. Imported beers are expected to cost more as well. Forthcoming municipal elections and expensive beer is a bad combination, the good soldier Schweik would say. He believed the government which raises beer prices is doomed.

In March, the Central Project Management Agency (CPMA) will publish calls for large tenders to procure hardware, standard software and stationery. This will be a pilot project aimed at testing a centralised procurement procedure. “Currently, we are seeing a number of cases when contracting authorities procure supplies at a higher cost than they could get at a retail store,” said Viktoras Sirvydis, CPMA director.

Darius Radkevicius, business consultant and owner of a personal company, conducted a training programme in Malaysia and Singapore and hopes the demand for his services will continue to grow in South East Asia. “In December, together with a partner from Latvia we held several training ... More Info

Czech Republic: Krusovice brewery increased by 11% its beer output in 2006

Kralovsky pivovar Krusovice, one of the oldest breweries in the Czech Republic, increased its beer production by 11 percent year-on-year to 968,000 hectolitres at end-Dec 2006, spokesman Vlastimil Bradac told CTK January 19.

Beer output reached 872,000 hl in 2005. In 1997, a record output stood at one million hl, said Bradac.

Kralovsky pivovar Krusovice also reported a year-on-year growth in exports amounting to 36 percent.

"Nearly 509,000 hl of beer were supplied to 29 countries, mainly to Russia, Germany and Slovakia," said Bradac.

Kralovsky pivovar Krusovice was the fourth biggest beer exporter in the Czech Republic last year, with Plzensky Prazdroj ranking first.

Profit reached nearly CZK 158 million in 2005, and in 2004 the brewer netted CZK 166.2 million, the best result since 1992, when the company emerged.

Net debt decreased from more than CZK 473 million in 2004 to CZK 272.5 million in 2005.

In August 2005, Radeberger Gruppe of Germany which owns 99.83 percent of shares squeezed out minority shareholders paying CZK 1,889 per share worth a nominal CZK 750 and CZK 2,518 per share worth a nominal CZK 1,000.

Following its privatisation Kralovsky pivovar Krusovice has been a part of the multinational group Dr. Oetker since 1993.

UK & India: Cobra Beer plans to invest $20 million in India by 2009

Cobra Beer based in UK is going to invest $20 million in India in the next two years, Rediff News reported January 18. Of this, about $10 million is likely to be spent on promoting the brand and setting up a distribution network in the country.

Cobra beer is famous among the Asian ethnic community and which gels with the spicy dishes offered at various Indian restaurants in London, also hopes to get listed on the London Stock Exchange by 2009.

The company's CEO Karan Bilimoria on Wednesday said the investment would be made at the greenfield plant likely to come up in Hyderabad besides looking at acquiring breweries.

He said Cobra beer was being brewed at two locations in the country and two more locations will start brewing shortly. The company, to further expand its presence, is further looking at tying up with another brewery, which will take the count up to five.
Work on the greenfield plant, if it comes up in Hyderabad, is slated to start by June or July, this year. According to the UK-based entrepreneur, they will add 3 million cases to their present capacity of 2 million cases in the next five years.

"At ... More Info

Barley News
Australia: 2005/2006 season malting barley pool estimates rises

ABB Grain Ltd has reviewed its gross barley pool indicators for 2005/2006 season barley and has raised its malting barley estimate by A$5/tonne for both SA and Victoria, ABB Grain communicated on January 17.

ABB’s executive manager group marketing, Gary Spiel, said that continuing strong world demand, creating a “global tightness” for premium quality malting barley, had prompted the latest increases in estimates – the sixth rise since late August.

“This increased estimate demonstrates the value of delivering into barley pools, as they capture the value of the grain over time through selection of markets,” he said.

“In the 2005 harvest, there was considerable emotion about cash prices versus pools, but the figures show that growers who supported the No.1 malting pool will receive between A$29/t and A$35/t more than the average cash price during that harvest.

“The average cash price for malting barley at Port Adelaide over the period mid-November 2005 to the end of January 2006 was A$158.28/t, with the corresponding average price over the same period at Geelong being A$164.73/t.

“Even allowing for the cost of harvest finance, the current pool return is in excess of average cash prices during that period mentioned.”

Mr Spiel said international demand for quality barley remained strong ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2948 January 19, 2007 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  210.00  272.00  160.00  207.50 
2RS  Prestige  209.00  271.00  159.00  206.00 
2RS  Cellar  208.00  269.50  158.00  204.50 
2RS  Sebastien  207.00  268.50  157.00  203.50 
2RS  Astoria  207.00  268.50  157.00  203.50 
2RS  Cork   206.00  267.00  156.00  202.00 
6RW  Esterel   186.00  241.00  143.00  185.50 

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

Theoretical malt prices.
  EURO = USD 1.2948 January 19, 2007 
Crop year  2006 
Parity  FOB Antwerp 
Position  Jan 2007-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  407.50  528.00  430.50  557.50  424.50  549.50  435.00  563.00 
2RS  Prestige  406.50  526.50  429.50  555.50  423.00  547.50  433.50  561.50 
2RS  Cellar  405.50  524.50  428.00  554.00  421.50  546.00  432.50  559.50 
2RS  Sebastien  404.00  523.00  426.50  552.50  420.50  544.50  431.00  558.00 
2RS  Astoria  404.00  523.00  426.50  552.50  420.50  544.50  431.00  558.00 
2RS  Cork   402.50  521.50  425.50  551.00  419.50  543.00  430.00  556.50 
2RS   Average price  405.00  524.50  428.00  554.00  421.50  546.00  432.00  559.50 
6RW  Esterel   377.00  489.50  401.00  519.00  394.50  511.00  405.50  524.50 
*  Asia Malt 70/30  397.00  514.00  419.50  543.50  413.50  535.50  424.00  549.00 
**  Asia Malt 50/50  391.50  507.00  414.50  536.50  408.00  528.50  418.50  542.00 

* - 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

Table of the week

World Barley Production

Local Marketing Years, Thousand Metric Tons
Country 2002
2003		 2003
2004		 2004
2005		 2005
2006		 2006
2007 Dec		 2006
2007 Jan
Algeria 416 1,220 1,314 400 1,450 1,450
Australia 3,865 10,387 7,708 9,869 4,200 4,200
Belarus 1,681 1,800 2,000 1,800 1,350 1,350
Canada 7,489 12,328 13,186 12,481 10,000 10,000
China, Peoples Republic of 3,322 2,717 3,222 3,400 3,500 3,500
Ethiopia 1,200 1,410 1,575 1,785 1,800 1,800
EU-25 56,509 54,826 61,727 52,769 54,863 54,817
India 1,500 1,410 1,310 1,080 1,400 1,400
Iran 3,085 2,900 2,900 2,900 2,900 2,900
Iraq 1,000 1,150 1,250 1,250 1,250 1,250
Kazakhstan, Republic of 2,200 2,100 1,500 1,500 1,500 1,500
Morocco 1,669 2,620 2,760 1,102 2,500 2,500
Russian Federation 18,700 18,000 17,200 15,80 18,500 18,100
Turkey 7,200 6,900 7,400 7,600 7,200 7,200
Ukraine 10,364 6,850 11,100 9,000 11,800 11,800
United States 4,940 6,059 6,091 4,613 3,920 3,920
Others 9,707 10,229 11,951 10,643 10,545 10,615
World Total 134,847 142,906 154,194 137,992 138,678 138,302
Source: USDA
Newsletter SummaryTop
Graph of the week


These Days in Business History
January 18
1840 Electro-Magnetic Intelligencer, 1st US electrical journal, appears
1980 Gold reaches $1,000 an oz
1989 IBM announces earnings up 10.4% in 1988

January 19
1898 Edward Crosby Johnson II, future founder of Fidelity Management & Research Co., is born in Milton
1938 GM began mass production of diesel engines
1992 IBM announces a nearly $5B loss for 1992

January 20
1781 1st edition of Pieter It Hoens "Post of Neder-Rhijn" published
1872 Californian Stock Exchange Board organized
1995 Russian ruble drops to 3,947 per dollar (record)

January 21
1846 1st edition of Charles Dickens' "Daily News"
1976 Supersonic Concorde, 1st commercial flights, by Britain and France
1994 Dow Jones passes 3900 (record 3,914.20)
Agenda
January 2007:
2007 Barley Improvement Conference, USA.
IFBM (The French Institute for Brewing and Malting) Advanced Course In Malting Technology

February 2007:
Singapore international beer festival.
WBA International Diploma in Brewing Technology Program Chicago
Grainworld 2007, Canada.

March 2007:
Beer Day, Iceland.
WorldFoodUzbekistan - 2007.
World Barley Malt & Beer Conference.
The 2nd International Trading Summit: Grains & Oilseeds, Turkey.




More events are available on site e-malt.com
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