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Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Brewery news
Malt news
Barley news
More news
Theoretical malt prices
Malting barley prices
Malt price evolution
Table of the week
Graph of the week
On These Days
Agenda
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Average market prices
Change trend
April 05 - April 08, 2007
Crop 2006
2rs Barley €207.0-209.0 0.95%
6rw Barley €177.0-179.0 1.66%
2rs Malt €422.0-424.0 0.59%
6rw Malt €384.0-386.0 0.90%
Crop 2007
2rs Barley €174.0-176.0 0.57%
6rw Barley €152.0-154.0
2rs Malt €361.5-363.5 0.41%
6rw Malt €334.0-336.0

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 . 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 14a, 2007
See this Newsletter!
Newsletter 13b, 2007
See this Newsletter!
Newsletter 13a, 2007
See this Newsletter!
Newsletter 12b, 2007
See this Newsletter!
Newsletter 12a, 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
Open this Table!
China Beer Production
Open this Table!
Malt Exports of Czech Republic (1993 - 2006)
Open this Table!
Brazil Beer Production (1995 - 2006e)
Open this Table!
Canada Malting Barley Exports by Country of Destination, 2005 - 2006
Open this Table!
USA Imports of Malt Beverages including Beer

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 14b
April 05 - April 08, 2007
Quote of the week

"A little bit of beer is divine medicine."
Paracelsus, Greek physician


Currency Rates
Base Currency: Euro, EUR
on 06-Avril-2007

1 EUR = 1.3386 USD
1 EUR = 0.6783 GBP
1 EUR = 1.5475 CAD
1 EUR = 1.6355 AUD
1 EUR = 158.848 JPY
1 EUR = 2.7282 BRL
1 EUR = 34.7457 RUB
1 EUR = 10.3571 CNY
 Base Currency: US Dollar
on 06-Avril-2007

1 USD = 0.7471 EUR
1 USD = 0.5067 GBP
1 USD = 1.156 CAD
1 USD = 1.2218 AUD
1 USD = 118.705 JPY
1 USD = 2.038 BRL
1 USD = 25.9558 RUB
1 USD = 7.7369 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Europe: Baltika targets to take Heineken’s 1st position... Click here

USA: Per capita beer consumption up 1% in 2006... Click here

Belgium: InBev raises beer prices... Click here

China: Singapore's Asia-Pacific Breweries hopes to boost its presence in China... Click here

Romania: Ursus strengthens team with SABMiller managers... Click here

Russia: Baltika net profit grows 42.4% to 330.9 mil Euros in 2006... Click here

Europe: Brewers may face tight malt supplies as EU farmers switch to grains for biofuel production... Click here

Canada: CWB’s expanded malting barley protein payment program for 2007-08... Click here

More News
China: Beer industry profits jump 26% in 2006 ... More Info

USA: Constellation Brands reports record net sales of $5.2 billion ... More Info

South Africa: SAB concerned about Easter weekend drinking ... More Info

Uganda: Nile Breweries HIV/Aids policy named impressive ... More Info

USA: Pittsburgh Brewery creditors get another week to respond to settlement offers ... More Info

USA: New research laboratory created to improve barley inspection ... More Info

UK: Barley disease prevention places importance on T1 fungicides timing ... More Info

USA: Capital Brewery finishes $1.3 million expansion project ... More Info

USA: Hill Brewing Company’s Classic Pilsner to appear on three test markets ... More Info

India: United Spirits transfers stake in United Breweries Holdings ... More Info

India: Cobra Beer to open two breweries ... More Info



Brewery News
Europe: Baltika targets to take Heineken’s 1st position

Russia’s largest brewer, Baltika, wants to dislodge Dutch rival Heineken from its dominant position on the European beer market, despite a slowdown in Russia, a company official said, according to Reuters, April 6.

"Baltika is confidently gaining ground on the market leader Heineken. In the near future we will be the No. 1 in Europe," marketing vice-president Marcho Kuyumdzhiyev said.

Baltika, which is controlled by Scottish & Newcastle and Carlsberg, sold 37.16m hectolitres of beer in 2006, including 11.6m hectolitres in Europe.

Russia is the world's fifth-largest beer market behind China, the US, Germany and Brazil and together with China is one of the world's fastest-growing, boosted by rising real disposable incomes. Kuyumdzhiyev said Baltika planned to meet its target via sales on the domestic market and in the former Soviet Union.

But analysts believe that the world's beer market is close to saturation, and say current double-digit growth rates are already slowing down.

Analysts had forecast Russia's beer market would grow by 4.0-5.6pc in 2006, but it soared by 10pc due to an unusually warm summer.

The result was however, a slowdown compared with 2005, when the market grew by 12.5pc. Baltika forecasts the Russian market would grow 3-5pc ... More Info

USA: Per capita beer consumption up 1% in 2006

Final per capita beer consumption estimates for the United States show consumption by adults 21 and above grew by three tenths of a gallon from 30.0 in 2005 to 30.3 in 2006, a 1% increase in contrast to the -1.6% change from 2004-2005, according to Beer Institute’ Bulletin of March 2007.

Compared to 2005 when only five states showed positive changes in per capita consumption, thirty-eight states ended 2006 with increased levels of per capita consumption and three states experienced no change. Only ten states experienced a decline in per capita consumption. The two states showing the largest decrease, Alaska and Delaware, have smaller legal drinking age populations. However, Michigan, Florida, and Ohio-some of the nations most populous states-showed declines in estimated per capita consumption This is likely due to the greater magnitude of growth in legal drinking age population in Florida and Ohio, which had positive and flat growth in beer shipments respectively.

The thirty-eight states posting positive growth in per capita consumption averaged an increase of 0.5 gallons. The 10 states with the greatest growth in estimated per capita consumption averaged an increase of 1.1 gallons. While most of the states registering the greatest positive change are those with ... More Info

Belgium: InBev raises beer prices

The Belgium-based brewery giant InBev raises the prices for its beers as of April 1. The company said this is needed to compensate costs incurred by the new tax on packaging in Belgium, Belgian media reported March 31.

The Belgian brewery, the world's largest producer of beer by income and volume, will raise the prices of all its beers sold in bottles or cans by one percent on April 1. InBev brews some of Belgium's best known beers such as Stella Artois, Beck's and Leffe.

The price of a bottle or a can of InBev beer will rise by a further 2.5 percent on July 1 to cover rising raw material costs and compensate for inflation. Draught beer will not be affected by the price hikes, the company said on Friday.

InBev's rival Haacht Brewery also said that they are to follow suit and raise the prices of their products, such as Primus Haacht Pils.

The Belgian government introduced the new packaging tax to encourage people to use less packaging, so they will pollute less and conserve more.

China: Singapore's Asia-Pacific Breweries hopes to boost its presence in China

Singapore's Asia Pacific Breweries is seeking to take a slice of the fast-growing Chinese market, Channel NewsAsia reported April 2.

For Singapore's Asia Pacific Breweries (APB), the market there is nearly 450 times the size of its home market.

APB already has plants in Hainan and Shanghai - but it also hopes to leverage on a good distribution network to boost its presence across the country.

One million bottles of beer come off the line each day at the plant in Hainan. Most of it is sold locally on the island - while about one-third goes up north to Guangdong. Asia Pacific Breweries' first plant in China has tripled in size since it started operating ten years ago. And today, it accounts for more than 4 out of 5 bottles of beer consumed in Hainan - led by its key brands Anchor and Tiger.

APB has held on to its dominant market position here on the island for 7 years, with the company now enjoying a market share of 85 per cent.

Malcolm Tan, General Manager of Hainan Asia Pacific Brewery Company says, "We call our market here Fortress Hainan internally in APB Group because it is that important and it ... More Info

Romania: Ursus strengthens team with SABMiller managers

Ursus Breweries, part of the domestic arm of SABMiller group, which currently ranks second on the domestic beer market, has strengthened its management team by appointing members from the international management team of SABMiller, Ziarul Financiar published April 6.

As a result, Wojciech Bauman is the new marketing vice-president of the company and replaces Piotr Jurjewich. Wojciech has a solid track record with SABMiller and joined the team of Kompania Piwowarska in Poland in 1999, where he filled marketing and sales positions including the position of marketing vice-president, sales and distribution vice-president and export manager.

Management changes also took place within the financial department, with Indrin Pillay, a member of SABMiller’s team since 1995, replacing Andrei Haret as vice-president of the financial department.

Julian Patton was appointed to the position of vice-president in charge of the technical department of Ursus Breweries. Patton worked with several British companies as a packaging, brewery, engineering and sales manager before joining the Diageo as a global expert in packaging and then production manager for export packaging operations.

He subsequently worked for the Dale Farm Dairy Company and advanced from the position of plant manager to the position of technical manager before working for SABMiller as ... More Info

Russia: Baltika net profit grows 42.4% to 330.9 mil Euros in 2006

Baltika Breweries, one of the leaders on the Russian beer market, increased net profit 42.2% to 330.9 million euros in 2006, Interfax News Agency reported April 5.

A consensus forecast by analysts had put net profit at higher than 340.8 million euros.

Gross profit increased 29% to 931.8 million euros and operating profit rose 40.8% to 427.1 million euros, the company said in a statement.

Baltika had revenue of 1.74 billion euros in 2006, slightly lower than the forecast of 1.741 billion euros.

The merged company comprising the Baltika, Yarpivo, Vena and Pikra breweries sold 37.2 million hectoliters of products in 2006, up 10.3% from 2005. Beer sales accounted for 36.6 million hectoliters of sales, up 10.6% from the previous year. The company maintained its leading position on the Russian market at 36.4%.

Baltika sold 8.6 million hectoliters of products in the fourth quarter of 2006, up 16.8% from the same period of 2005. Beer sales grew 17.2% to 8.4 million hectoliters in the fourth quarter, and the company's share of the market was 36.9% in the quarter.

The company's leading brands were Baltika and Arsenalnoye in 2006. Baltika sales grew 10%, and the brand's share of the market rose to 10.9%.

Baltika had a 43.6% share ... More Info

Malt News
Europe: Brewers may face tight malt supplies as EU farmers switch to grains for biofuel production

European beer brewers may face increasingly tight malt supplies later this year as farmers switch to grains for biofuel production, the head of a leading German malt marketing company said according to Reuters, April 5.

"Malt producers will have to change their thinking and accept that sufficient supplies of malting barley are not going to be automatic and that they will face increasing competition from biofuel producers," Jochen Mautner, head of Jochen Mautner GmbH, told Reuters.

A survey undertaken by his company estimates that European Union farmers were this year likely to plant two percent less spring barley, which is used for malt production which in turn is a key ingredient in beer brewing.

This is despite current high spring barley prices caused by last summer's poor crop which would normally have encouraged farmers to expand spring barley plantings. Instead farmers were believed to have planted more grains for biofuel production.

"This trend is understandable as farmers do not have such quality concerns with grains grown for biofuels," he said. "Poor weather at harvest time can substantially reduce the quality of spring barley and so hugely cut farmers' earnings." "With biofuels this risk is much lower, they can sell grains ... More Info

Barley News
Canada: CWB’s expanded malting barley protein payment program for 2007-08

Malting barley protein payments will continue in the 2006-07 and 2007-08 crop years, according to CWB’s press release, April 5. This program enables producers who grow two-row barley to receive a premium payment when barley is accepted and delivered as malting barley.

The CWB malting barley quality payment program was introduced in 2005. It pays protein premiums to farmers who deliver two-row barley to participating elevators and maltsters.

Instead of paying the same return for all selected barley, this program rewards farmers who produce barley with lower protein levels, which is more desirable to brewers. Protein levels that are too high can affect malting and brewing quality.

This program helps the CWB market your barley by encouraging production that meets customer specifications. The goal is to create a Canadian malting barley supply with a larger proportion of low-protein grain – ensuring that Canadian barley continues to be preferred by major brewers around the world.

The program has grown significantly each year thanks to increased industry participation.

For 2006-07 and 2007-08, farmers who produce barley with lower protein levels will receive premiums that range from $5 per tonne for protein levels of 11 per cent and below to $1 per tonne for protein levels of 12.5 ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.3386 April 06, 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  281.50  177.00  237.00 
2RS  Prestige  209.00  280.00  176.00  235.50 
2RS  Cellar  208.00  278.50  175.00  234.50 
2RS  Sebastien  207.00  277.50  174.00  233.00 
2RS  Astoria  207.00  277.50  174.00  233.00 
2RS  Cork   207.00  277.50  173.00  231.50 
6RW  Esterel   178.00  238.50  153.00  205.00 

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

Theoretical malt prices.
  EURO = USD 1.3386 April 06, 2007 
Crop year  2006 
Parity  FOB Antwerp 
Position  Apr 2007-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  425.50  569.50  448.00  600.00  442.00  591.50  452.50  605.50 
2RS  Prestige  424.00  567.50  447.00  598.50  440.50  590.00  451.50  604.00 
2RS  Cellar  423.00  566.00  445.50  596.50  439.50  588.50  450.00  602.50 
2RS  Sebastien  421.50  564.50  444.50  595.00  438.50  586.50  449.00  600.50 
2RS  Astoria  421.50  564.50  444.50  595.00  438.50  586.50  449.00  600.50 
2RS  Cork   421.50  564.50  444.50  595.00  438.50  586.50  449.00  600.50 
2RS   Average price  423.00  566.00  445.50  596.50  439.50  588.50  450.00  602.50 
6RW  Esterel   385.00  516.50  409.00  547.00  402.50  539.00  413.00  553.00 
*  Asia Malt 70/30  412.00  551.50  434.50  581.50  428.50  573.50  439.00  587.50 
**  Asia Malt 50/50  404.50  541.50  427.50  572.00  421.00  563.50  431.50  577.50 

* - 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

Malt Price Evolution
Prices evolution
Source: E-malt.com (Based on French Malting Barley Prices)

Table of the week

EU Barley Projections

in mln tonnes Average Projections
2002-2006 2007 2010 2013
Production EU-25  55.5  58.8  55.3  56.3 
EU-27    60.6  57.4  58.5 
Use EU-25  49.1  52.5  50.0  48.7 
EU-27    54.0  51.5  50.1 
Imports EU-27  0.4  0.3  0.3  0.3 
Exports EU-27  6.6  6.4  6.8  8.3 
End Stoks EU-27  12.6  14.0  8.7  9.6 
Newsletter SummaryTop
Graph of the week


These Days in Business History
April 5
1768 1st U.S. Chamber of Commerce forms
1889 George Eastman places Kodak Camera on sale for 1st time

April 6
1869 1st plastic, Celluloid, patented
1909 1st credit union forms in US
1992 Microsoft announced Windows 3.1, upgrading Windows 3.0

April 7
1348 Prague University, 1st university in central Europe, formed by Charles IV
1902, Texaco, Oil Company forms
1948 World Health Organization forms by U.N.

April 8
1862 John D. Lynde patents aerosol dispenser
1904 John R Hicks is born, British economist (Nobel 1972)
Agenda
April 2007:
InterFood St. Petersburg
15th Annual International Beer Festival, USA.
The International Hop Growers’ Convention (IHGC) Meetings, France.
24th ANNUAL INTERNATIONAL BEER FESTIVAL SAN FRANCISCO

May 2007:
European Grain & Oilseed Convention 2007, Brussels
31-st International Congress of the European Brewery Convention , Italy
Hofex - 2007, China
InterFood Azerbaijan 13th Azerbaijan International Food Industry and Agriculture Exhibition
InterFood Astana , Kazakhstan, 9th Astana International Exhibition for Food, Beverages, Technologies

June 2007:
Japan-Asia Beer Cup 2007, Tokyo
InterFood Mongolia
IGC Grains Conference 2007 London, England
Great Japan Beer Festival 2007 in Tokyo
Brasil Brau 2007
The International Hop Growers’ Convention(IHGC)
Practical Course on Malt and Malting Barley Canada
The 5th Canadian Barley Symposium & District Western Canada MBAA
Seattle International Beer Festival



More events are available on site e-malt.com
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