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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
29 Jan - 31 Jan, 2007
Crop 2006
2rs Barley €209.0-211.0 0.56%
6rw Barley €184.0-186.0
2rs Malt €406.5-408.5 0.25%
6rw Malt €375.0-377.0
Crop 2007
2rs Barley €157.0-159.0 0.64%
6rw Barley €142.0-144.0
2rs Malt €331.0-333.0 0.45%
6rw Malt €311.5-313.5

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 04b, 2007
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Newsletter 04a, 2007
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Newsletter 03b, 2006
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Newsletter 03a, 2007
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Newsletter 02b, 2007

Market price evolutions

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World Barley Exports
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China Beer Consumption (1991-2006e)
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USA Beer Production (1993-2005)

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 05a
January 29 - January 31, 2007
Quote of the week

"Sooner or later, those who win are those who think they can."
Richard Bach


Currency Rates
Base Currency: Euro, EUR
on 31-January-2007

1 EUR = 1.2961 USD
1 EUR = 0.6603 GBP
1 EUR = 1.5326 CAD
1 EUR = 1.6782 AUD
1 EUR = 157.817 JPY
1 EUR = 2.769 BRL
1 EUR = 34.3976 RUB
1 EUR = 10.0911 CNY
 Base Currency: US Dollar
on 31-January-2007

1 USD = 0.7716 EUR
1 USD = 0.5095 GBP
1 USD = 1.1825 CAD
1 USD = 1.2949 AUD
1 USD = 121.773 JPY
1 USD = 2.1365 BRL
1 USD = 26.5401 RUB
1 USD = 7.786 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Panama: Heineken and Anheuser-Busch to brew Budweiser in Panama... Click here

Czech Republic: SABMiller’s Plzeňský Prazdroj sales grew 5.7% year-on-year... Click here

UK: Marston's, the former Wolverhampton & Dudley Breweries, buys its rival, Eldridge Pope... Click here

Mexico: Grupo Modelo coming to Piedras Negras region with US$15 billion of investments... Click here

China: Anheuser-Busch said Jan-Sept 2006 China sales up 20 pct... Click here

Canada: Agricore United and CWB dispute over Canadian barley prices... Click here

Russia: Russia barley exports 13.2% higher, imports 2.8 times lower in December 2006... Click here

More News
China: Anheuser-Busch to expand distribution of its local brands in China ... More Info

USA & Colombia: Anheuser-Busch launches Bud Light in Colombia ... More Info

Russia: Baltika to transfer maintenance of share register to National Registration Company ... More Info

Canada: CWB increases barley export target to 1.5 mil tonnes ... More Info

Finland: Genuine green Carlsberg bottle available in Finish shops ... More Info

UK: S&N sells Courage beers to Wells & Young’s Brewing Company ... More Info

USA: Glen Walter named President of Labatt USA ... More Info

Australia: Former Rolling Rock Brewery to reopen ... More Info

Belgium: InBev maintained at "buy", target price raised ... More Info

Bengal: Duty cut favours beer consumption ... More Info

Canada: Winnipeg Commodity Exchange’s barley prices higher than CWB’s projections ... More Info

Belgium: InBev can continue supplying bars with larger beer glasses ... More Info

USA: Anheuser-Busch brings Asian lager to USA ... More Info

Uganda: Uganda Breweries imports Pilsner Lager from Kenya ... More Info

Japan: Japanese brewery produces milk beer ... More Info

USA: Anheuser-Busch designs new bottles and packaging for Michelob ... More Info

Tanzania: One of the World’s lowest beer consumers ... More Info



Brewery News
Panama: Heineken and Anheuser-Busch to brew Budweiser in Panama

Heineken and Anheuser-Busch will begin brewing and selling Budweiser in Panama, the companies said in a joint-statement, AFX News Limited announced January 30.

The statement said the beer will be brewed and sold by Cervecerias Baru-Panama – a 75 percent Heineken-owned brewery – under a license agreement with Anheuser-Busch.

Projected volume or sales were not provided.

About Anheuser-Busch:

Anheuser-Busch operates 12 breweries in the United States and several others overseas. Anheuser-Busch's operations and resources are focused on adding to life's enjoyment not only through the responsible consumption of beer by adults, but through theme park entertainment and packaging.

In the United States, the company holds a 48.8 percent share of U.S. beer sales. Worldwide, Anheuser-Busch's beer sales volume was 121.9 million barrels in 2005.

The St. Louis-based company's subsidiaries include one of the largest U.S. manufacturers of aluminum beverage containers and America's top recycler of aluminum cans. Anheuser-Busch also has interests in malt production, rice milling, real estate development, turf farming, metalized and paper label printing, bottle production and transportation services.

About Heineken:

Heineken owns and manages one of the world's leading portfolios of beer brands. Our principal international brands are Heineken and Amstel. Heineken is positioned as a premium brand, except for ... More Info

Czech Republic: SABMiller’s Plzeňský Prazdroj sales grew 5.7% year-on-year

Plzeňský Prazdroj, major Czech beer exporter and producer, announced on January 30 in 2006, its overall sales of domestic and export brands reached almost 10.7 million hectolitres, representing an increase of 5.7% year-on-year. In particular, export sales made a significant contribution to the increased volumes, including the licensed production of the Plzeňský Prazdroj brands.

In 2006, domestic beer sales reported growth of 2.4%, reaching 8.1 million hectolitres. The highest growth sales growth was recorded in the South Bohemia region (České Budějovice and neighbourhood) where it rose by 7% year-on-year. The Pilsner Urquell brand recorded volume growth of 4.6% and Velkopopovický Kozel, with 10.3% growth, achieved its best year-on-year result. The company saw good growth across all Velkopopovický Kozel packaging units, but the best performance was achieved in [draft] barrel beer, with a 22% year-on-year change.

Pilsner Urquell and Velkopopovický Kozel – Czech ambassadors abroad

Plzeňský Prazdroj confirmed its position as the largest exporter and producer of the Czech beer abroad. Overall sales volumes of Plzeňský Prazdroj brands abroad grew by a record 17.5%, compared to 2005. Sales of Pilsner Urquell contributed to this achievement; however Velkopopovický Kozel enjoyed significant success in markets with licensed production. In total, Plzeňský Prazdroj exported 786,000 ... More Info

UK: Marston's, the former Wolverhampton & Dudley Breweries, buys its rival, Eldridge Pope

Regional brewer and pub group Marston's - the former Wolverhampton & Dudley Breweries – took over smaller rival Eldridge Pope for pounds 155.1 million, The Birmingham Post said on January 26.

Cost containment for communications vendors and their carrier customers can be achieved on two fronts. Click here to find out what they are and how to streamline the development and maintenance costs associated with building the product.

The deal will enable Wolverhampton-based Marston's to boost its presence in southern England - and in more profitable managed pubs.

The takeover is the latest in a fast-consolidating industry, as higher regulatory, labour and energy costs weigh on smaller pub groups and lead bigger operators to seek economies of scale.

"It's easier if you're bigger to cope with some of the costs in the sector," said chief executive Ralph Findlay. He added the firm would look to make more acquisitions in England and Wales but would still aim to return pounds 100 million to shareholders and maintain its new-build program.

However, analysts were divided on the attractiveness of the deal, as well as the price paid.

Marston's, which changed its name this month from Wolverhampton & Dudley Breweries to reflect its expansion in pubs and beyond central England, ... More Info

Mexico: Grupo Modelo coming to Piedras Negras region with US$15 billion of investments

Grupo Modelo announced its interest to open business in Mexican state of Coahuila, just 20 miles south of Eagle Pass, Soutwest Live reported January 28. And the impact is likened to the arrival of Toyota truck manufacturing near San Antonio.

But Coahuila promoters say the economic benefits are far greater, and expected to touch Ciudad Acuńa and Del Rio, as well. The Grupo Modelo brewery will be built in Municipio Nava, now a tiny community just north of Allende. Officials in Piedras Negras and Eagle Pass do not even try to conceal their glee about the trade and industry windfall.

It will not do anything bad, said Eagle Pass Mayor Chad Foster. All this is just very, very positive and it is going to affect the whole region. And Foster said local railroads that cross from Mexico to the United States will put the Grupo Modelo brewery on a fast track for both construction and product shipment.

They have been working on this project for at least five years, Foster said, recalling decisions to site the brewery near Nava. And they are in a real hurry, because they have underestimated demand for Corona. The popular brew, along with Modelo Light ... More Info

China: Anheuser-Busch said Jan-Sept 2006 China sales up 20 pct

Anheuser-Busch Cos. Inc., the largest U.S. brewer, said that China sales volume grew 20 percent in the January-September period and that future gains would likely be powered by organic growth, Reuters reported January 29.

Stephen Burrows, chief executive of Anheuser-Busch International, told Reuters in an interview he was satisfied with his base of operations in China even as aggressive rivals gain market share through acquisitions.

“Certainly, it is organic growth in China,” said Burrows, who travels to China about once a month.

The company has invested about $1.3 billion in the mainland, the world's largest beer market by volume, helping it become Anheuser-Busch's largest overseas market and fastest growing.

“When you buy an existing company there are rough spots in that,” he said.

Anheuser-Busch has a 27 percent stake in Tsingtao Brewery Co. Ltd., China's largest beer maker. It also bought Wuhan Brewing Co. in 1995 and Harbin Brewery Group, the country's fifth largest beer maker.

Burrows said he had met most of the brewers in China over the past few years but was not currently in discussions with any of them for any possible acquisition.

“I have met them but that doesn't mean we are trying to acquire ... More Info

Barley News
Canada: Agricore United and CWB dispute over Canadian barley prices

Agricore United, Canada's largest grain company has begun posting its own international feed barley price for farmers – a price that dwarfs current price signals from the Canadian Wheat Board, Reuters reported January 27.

But the CWB, which has a monopoly on feed barley exports from Western Canada, said Agricore's spot price is unrealistic and misleading.

On Thursday, Agricore's spot feed barley price was C$233.70 ($198) a tonne, basis Vancouver, 23 percent higher than the Canadian Wheat Board's projected pool return of C$190 a tonne, basis Vancouver.

"Prices are going up, and that's one of the reasons why we felt that it was important to ensure farmers were aware of what the international prices were as they're making their (planting) decisions," said Cam Dahl, Agricore's government relations and policy development officer.

The internally calculated price is somewhat theoretical, Dahl acknowledged, since farmers cannot sell their barley directly to Agricore for the export market.

But he said the price reflects what Agricore could pay if the market were open.

A spokeswoman for the CWB said Agricore's price seemed to reflect recent feed barley sales made into the Japanese market, where demand is limited.

"You can quote any price you want, as long ... More Info

Russia: Russia barley exports 13.2% higher, imports 2.8 times lower in December 2006

According to State Statistics Committee, in December 2006 barley export exceeded analogous index of last year by 13.2% and totalled 133.000 tonnes, Agrimarket announced January 29. At that it reduced by 7% from November, 2006.

Leader among importers became Saudi Arabia (62.300 tonnes). The average export price for barley totalled 163 USD/tonne in December 2006 (+19 USD/tonne as compared to November). Russia has exported 652.600 tonnes of barley from the beginning of marketing year, down 1.8 times from the analogous period of the previous year.

According to State Statistics Committee, in December 2006 barley import totalled 3.400 tonnes At that it reduced by 2.8 times from November, 2006.

Main exporter was Kazakhstan (617 tonnes). The average contract price for barley totalled 239 USD/tonne in December 2006. Russia has imported 95.300 tonnes of barley from the beginning of marketing year, down 2.3% from the analogous period of the previous year.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2961 January 31, 2007 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  212.00  275.00  160.00  207.50 
2RS  Prestige  211.00  273.50  159.00  206.50 
2RS  Cellar  210.00  272.50  158.00  205.00 
2RS  Sebastien  209.00  271.00  157.00  203.50 
2RS  Astoria  209.00  271.00  157.00  203.50 
2RS  Cork   209.00  271.00  156.00  202.50 
6RW  Esterel   185.00  240.00  143.00  185.50 

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

Theoretical malt prices.
  EURO = USD 1.2961 January 31, 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  410.00  531.50  433.00  561.00  426.50  553.00  437.50  566.50 
2RS  Prestige  409.00  530.00  431.50  559.50  425.50  551.50  436.00  565.00 
2RS  Cellar  407.50  528.50  430.50  558.00  424.50  550.00  435.00  563.50 
2RS  Sebastien  406.50  526.50  429.50  556.50  423.00  548.50  433.50  562.00 
2RS  Astoria  406.50  526.50  429.50  556.50  423.00  548.50  433.50  562.00 
2RS  Cork   406.50  526.50  429.50  556.50  423.00  548.50  433.50  562.00 
2RS   Average price  407.50  528.50  430.50  558.00  424.50  550.00  435.00  563.50 
6RW  Esterel   376.00  488.50  399.50  518.00  393.50  510.00  404.00  523.50 
*  Asia Malt 70/30  398.50  516.50  421.50  546.00  415.00  538.00  425.50  551.50 
**  Asia Malt 50/50  392.50  508.50  415.00  538.00  409.00  530.00  419.50  543.50 

* - 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

Canada Barley Price Evolution
Prices evolution
Source: AAFC January 12, 2007

Table of the week

EU-25 Barley Supply and Disappearance

Marketing Year Area Harvested
mln ha		 Yield
t/ha		 Production
mln mt		 Imports
mln mt		 Exports
mln mt		 Feed Consumption
mln mt		 Total Consumption
mln mt		 Ending Stocks
mln mt
1999/00  13.9  4.1  57.5  1.1  10.4  37.3  51.6  11.6 
2000/01  13.6  4.3  58.8  1.1  7.7  40.4  54.9  9.0 
2001/02  13.5  4.2  57.0  1.6  3.8  39.0  53.9  9.9 
2002/03  13.3  4.2  56.5  1.5  5.0  38.7  54.4  8.5 
2003/04  13.4  4.1  54.8  0.6  2.8  41.0  56.9  4.3 
2004/05  13.1  4.7  61.7  0.5  2.9  37.5  52.9  10.7 
2005/06  13.0  4.1  52.8  0.2  3.1  37.2  52.5  8.1 
2006/07  13.1  4.2  54.8  0.4  3.0  39.5  54.8  5.4 
Source: USDA
Newsletter SummaryTop
Graph of the week


These Days in Business History
January 29
1886 1st successful gasoline-driven car patented, Karl Benz, Karlsruhe
1986 193.8 million shares traded in NY Stock Exchange
1988 United Airlines Boeing 747SP, circles world in 36h54m15s

January 30
1922 World Law Day, 1st celebrated
1951 Ferdinand Porsche, German car inventor (Porsche), dies at 75
1995 Belgium's TV channel 2 in Flanders goes on the air

January 31
1990 McDonald’s opens its first restaurant in Russia.
1956 The twist off bottle cap is invented
1973 Ragnar Frisch Norwegian economist (Nobel 1969), dies at 77
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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