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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
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
May 31 - June 03, 2007
Crop 2006
2rs Barley €197.0-199.0
6rw Barley €170.0-172.0
2rs Malt €417.0-419.0 0.12%
6rw Malt €382.5-384.5 0.13%
Crop 2007
2rs Barley €206.0-208.0
6rw Barley €180.0-182.0 1.69%
2rs Malt €406.5-408.5
6rw Malt €373.5-375.5 1.08%

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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Newsletter 22a, 2006
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Newsletter 21b, 2007
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Newsletter 21a, 2007
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Newsletter 20b, 2007
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Newsletter 20a, 2007

Market price evolutions

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Bulgaria Beer Production (1991 - 2006)
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World Barley Usage
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USA Malt Import by Country of Origin
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Thailand Beer Sales (1991 - 2006)

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 22b
May 31 - June 03, 2007
Quote of the week

"To be successful, you've got to be willing to fail."
Frank Tyger


Currency Rates
Base Currency: Euro, EUR
on 01-June-2007

1 EUR = 1.3442 USD
1 EUR = 0.68 GBP
1 EUR = 1.4409 CAD
1 EUR = 1.6295 AUD
1 EUR = 163.521 JPY
1 EUR = 2.6062 BRL
1 EUR = 34.8043 RUB
1 EUR = 10.293 CNY
 Base Currency: US Dollar
on 01-June-2007

1 USD = 0.744 EUR
1 USD = 0.5059 GBP
1 USD = 1.0719 CAD
1 USD = 1.2122 AUD
1 USD = 121.655 JPY
1 USD = 1.9388 BRL
1 USD = 25.892 RUB
1 USD = 7.6573 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
China: Carlsberg to set up join venture in western China... Click here

Czech Republic: Kc700m state subsidy for Plzensky Prazdroj criticised by small brewers... Click here

UK: Mystery of disappearing Hoegaarden beer... Click here

Canada: Commissioner of Competition fails to block closing of beer merger... Click here

Japan: Japanese 'beer' ads targeting kids... Click here

Slovakia: Breweries expect production growth... Click here

France: Malteries Soufflet to build a new 130.000 tons malt house... Click here

Canada: Barley supply is expected to increase only slightly due to significantly lower carry-in stocks... Click here

UK: 2006/2007 export forecast has increased with the closing stock forecast revised lower... Click here

More News
China: China Resources Enterprise aims to exceed 2007 sales rise ... More Info

Greece: Beer consumption is increasing ... More Info

World: Barley markets continue to show strength ... More Info

India: India to reduce beer duties ... More Info

USA: Raising beer tax would hit family-owned businesses in the beer industry in Michigan ... More Info

Belgium: InBev shares jump on merger speculation ... More Info

UK: Young & Co managed to boost beer sales despite smoking ban ... More Info

Canada: Big Rock Brewery appoints Jim Button as Vice-President Marketing ... More Info

USA: Anheuser-Busch brewing drinking water ... More Info

UK: CAMRA Investment club takes 3% stake in Cains ... More Info

USA: Heart-healthy barleys could add zest to already strong markets ... More Info

India: Acreage under malting barley set to increase in Punjab state ... More Info

Europe: French rugby clubs to limit their involvement in Heineken Cup ... More Info



Brewery News
China: Carlsberg to set up join venture in western China

Danish brewer Carlsberg A/S and a Chinese partner will invest 500 million yuan ($65 million) in a venture to produce a local brand of beer, the Chinese company said according to Reuters, May 31.

Carlsberg and Lanzhou Huanghe Enterprise Co, based in western China's Gansu province, will set up a brewery in Lanzhou to make Huanghe Beer, an official at the company's board office told Reuters.

A number of global brewers have moved into China's competitive and fast-growing $11 billion beer business, including InBev and Anheuser-Busch.

The plant has yet to be built as the companies are awaiting government approval, the official added.

Carlsberg had said on Wednesday that it hoped construction of the facility would kick off soon.

"After the plant is built, it will raise our annual production capacity from 400,000 tonnes now to as much as 800,000 tonnes," said the Lanzhou Huanghe official, who declined to be named.

Lanzhou Huanghe mainly sells its Huanghe, or Yellow River, brand of beer in western Gansu and Qinghai provinces and the neighbouring region of Ningxia.

Carlsberg told Reuters in November that it would boost investments in China, where it aims to grow by about 15 percent per year, and would invest about $530 million to $880 million ... More Info

Czech Republic: Kc700m state subsidy for Plzensky Prazdroj criticised by small brewers

The daily Lidove noviny LN comments on nearly a Kc700m state subsidy to boost exports of Plzensky Prazdroj, a member of the group SABMiller plc, which is criticised by small Czech brewers, CTK reported May 31.

Beer is one of the best exports and it deserves state support, but the government should mainly invest in Czech breweries, a commentator says.

Small breweries may complain but Prazdroj, and possibly Budvar which, however, is not among those criticising the state support, is much popular abroad and support to less-known local brands simply does not pay off. Prazdroj certainly contributes much more to the budget than the small brewers.

Moreover, the leader on the Czech beer market has pledged to invest Kc1.5bn from its own funds to a new racking room which will create new jobs.

Small brewers lack such funds, and the state does not profit from them as it does from Prazdroj, the paper said.

Still, however, the criticism is legitimate. How the small breweries can compete with the giant if they are put a spoke in their wheels by the state, asks the commentator.

It is the state that should primarily take care of smaller Czech brewers. Prazdroj is owned by the international group SAB-Miller which ... More Info

UK: Mystery of disappearing Hoegaarden beer

Mystery surrounds the growing shortage of Belgian wheat beer Hoegaarden in the UK, The Publican reported May 30. Disgruntled licensees have told The Publican that deliveries of the beer have completely dried up, with no explanation why.

Brian Snell, licensee of the Bull Inn in Henfield, Sussex, said he was at a loss as to why his deliveries stopped.

“I’ve been without Hoegaarden for at least two months now,” he said. “I have built it up in my pub for over six years and what annoys me is there has been no apology or letter from the brewer. My various enquiries have just been fobbed off.”

Rob Hoare, licensee of the Hartington in Brighton, says he has had to put a sign up over his bar to explain to customers why he has no Hoegaarden.

“I am not happy about it at all,” he said. “It looked great on the bar – the font had great presence. But the deliveries have just mysteriously stopped. We are now looking to replace it with Kronenbourg Blanc if we can.”

Rumours are circulating the industry that the problems result from industrial action taking place at the Hoegaarden brewery – stemming from the closure of the original ... More Info

Canada: Commissioner of Competition fails to block closing of beer merger

On March 28, 2007, the Competition Tribunal dismissed the Commissioner of Competition's application for an interim order pursuant to section 100 of the Competition Act (the "Act") to prohibit Labatt Brewing Company Limited from acquiring all of the outstanding units of the Lakeport Brewing Income Fund, Mondaq reported May 30. The Commissioner announced on April 11, 2007 that she will appeal the Tribunal's decision to the Federal Court of Appeal.

The Tribunal's decision in Labatt/Lakeport marks the first time that the Tribunal has considered the current version of section 100, which permits the Commissioner to apply to the Tribunal for an interim injunction to prohibit the closing of a merger where the Competition Bureau has not yet completed its review of the transaction. If upheld on appeal, the Labatt/Lakeport decision will make it more difficult for the Commissioner to obtain interim injunctions under section 100 because it sets a high standard for obtaining such relief. In the result, merging parties who are willing to risk a potential post-closing challenge to their transactions should find it easier to proceed to closing even if the Bureau has not yet finished its review.

Background

On February 1, 2007, Labatt announced its intention to buy all of ... More Info

Japan: Japanese 'beer' ads targeting kids

A Japanese beverage company is marketing fake alcoholic drinks to children to make them feel grownup and included in the country's culture of group drinking, News.com reported June 1.

The Sangaria Company has been selling its non-alcoholic beer for years and recently expanded its range to include junior versions of wine, champagne and cocktails.

The beer, which is said to taste like apple juice and is available in restaurants in Japan, is packaged in authentic-looking six packs, fizzes and has a head on it.

The ads in Japan, which have appeared on YouTube, show children as young as three sipping the "beer" at parties, singing and swaying to a catchy tune.

In Britain, a spokeswoman for alcohol treatment charity Addaction said: "Marketing fake alcohol to children to make them feel "grownup” could encourage them to experiment with alcohol at an earlier age".

Slovakia: Breweries expect production growth

The first quarter of 2007 went well for Slovakia's breweries, the Sme daily reported on May 29. Beer consumption in Slovakia now stands at some 80 litres per person per year, after falling for four years mainly due to higher consumption taxes.

Beer production is now set to stabilise, however. In fact, brewers even expect an increase. According to Heineken spokesman Roman Krajaniak, beer consumption is now increasing partly thanks to the warm weather, and the breweries have invested in new products and packaging.

Beer exports fell by a considerable 70 percent last year. This fall, however, was partly influenced by the licensed brewing abroad of certain Slovak beers such as Zlatý Bažant (Golden Pheasant) and Šariš. Roman Šusták, executive director of the Slovak Association of Beer Producers, estimated that some 45 million litres of Slovak beer were brewed abroad last year.

Malt News
France: Malteries Soufflet to build a new 130.000 tons malt house

Malteries Soufflet, a Division of the Soufflet Group is going to build a new maltings with a capacity of 130.000 tons in Nogent sur Seine, France, Soufflet announced in a press release, June 1. Nogent sur Seine is home to the head office of The Soufflet Group and a maltings with a capacity of 70.000 tons is already operating in the town. The new construction would therefore increase the site's capacity to 200.000 tons.

The strategic reasons behind the decision to go ahead with this investment are the sustainable supply of good quality malting barley as well as the logistical advantages of being on a river thus allowing a competitive access to our Northern European clients as well as the export market via the Group's installations in the port of Rouen.

The new maltings will mean that Malteries Soufflet France will have a total capacity of 750.000 tons. The Soufflet Group has also just begun the construction of a new maltings in Romania which will have a capacity of 100.000 tons and will begin production in September 2008.

With the arrival of these two new maltings the Group's total capacity will reach more than 1.750.000 tons thus ensuring that it strengthens ... More Info

Barley News
Canada: Barley supply is expected to increase only slightly due to significantly lower carry-in stocks

Barley production is forecast by Agriculture and Agri-Food Canada (AAFC) to increase by 20%, due to higher area and yields, but supply is expected to increase only slightly due to significantly lower carry-in stocks, AAFC published on May 29. Slightly higher exports are forecast to be more-than offset by lower domestic use so that carry-out stocks increase by 6%.

The average off-Board feed barley price (No. 1 CW I/S Lethbridge) is forecast to decrease to CA$160/t from CA$165/t expected for 2006- 07.

UK: 2006/2007 export forecast has increased with the closing stock forecast revised lower

The UK barley production estimate 2006/2007 stands at 5.239Mt, down 5% on last season, HGCA posted in its Supply & Demand Report as of 30 May 2007. No changes have been made to opening stocks or imports. Total availability stands at 6.211Mt, down 4% on last season.

H&I use in the barley sector has been increased by 10,000t to 1.712Mt, very similar to last season. The forecast for H&I use of maize is 0.767Mt, unchanged on the previous forecast and up 2% on last season. H&I use in the oats sector has been left unchanged on previous at 0.416Mt (18% higher than last season).

Animal feed use of barley is revised down by 7,000t to 3.024Mt, down 2% on last season. Maize use in the feed sector is placed at 0.437Mt (down 5,000t on previous but 9% above last season) while oats use is placed 0.248Mt, up 4,000t on previous and up 22% on last season.

There are no revisions to seed use for either wheat or barley.

Barley exports and intervention are estimated at 0.485Mt, up 35,000t on the last forecast and 27% below 2005/06. Closing stocks of barley are estimated at 0.829Mt, a downward revision of 38,000t on previous ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.3442 June 01, 2007 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  200.00  269.00  209.00  281.00 
2RS  Prestige  199.00  267.50  208.00  279.50 
2RS  Cellar  198.00  266.50  207.00  278.50 
2RS  Sebastien  197.00  265.00  206.00  277.00 
2RS  Astoria  197.00  265.00  206.00  277.00 
2RS  Cork   197.00  265.00  206.00  277.00 
6RW  Esterel   171.00  230.00  181.00  243.50 

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

Theoretical malt prices.
  EURO = USD 1.3442 June 01, 2007 
Crop year  2006 
Parity  FOB Antwerp 
Position  June 2007-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  420.50  565.00  443.00  595.50  437.00  587.00  447.50  601.50 
2RS  Prestige  419.00  563.00  441.50  593.50  435.50  585.50  446.00  599.50 
2RS  Cellar  417.50  561.50  440.50  592.00  434.50  583.50  445.00  598.00 
2RS  Sebastien  416.50  560.00  439.50  590.50  433.00  582.00  443.50  596.50 
2RS  Astoria  416.50  560.00  439.50  590.50  433.00  582.00  443.50  596.50 
2RS  Cork   416.50  560.00  439.50  590.50  433.00  582.00  443.50  596.50 
2RS   Average price  418.00  561.50  440.50  592.00  434.50  583.50  445.00  598.00 
6RW  Esterel   383.50  517.00  407.50  547.50  401.00  539.00  411.50  553.50 
*  Asia Malt 70/30  408.00  548.00  430.50  578.50  424.50  570.50  435.00  584.50 
**  Asia Malt 50/50  401.00  539.50  424.00  570.00  417.50  561.50  428.50  575.50 


  EURO = USD 1.3442 June 01, 2007 
Crop year  2007 
Parity  FOB Antwerp 
Position  Oct 2007-Sept 2008 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  409.50  550.50  432.50  581.50  426.50  573.00  437.00  587.00 
2RS  Prestige  408.50  549.00  431.50  579.50  425.00  571.50  435.50  585.50 
2RS  Cellar  407.50  547.50  430.00  578.00  424.00  569.50  434.50  584.00 
2RS  Sebastien  406.00  545.50  429.00  576.50  422.50  568.00  433.00  582.50 
2RS  Astoria  406.00  545.50  429.00  576.50  422.50  568.00  433.00  582.50 
2RS  Cork   406.00  545.50  429.00  576.50  422.50  568.00  433.00  582.50 
2RS   Average price  407.50  547.50  430.00  578.00  424.00  569.50  434.50  584.00 
6RW  Esterel   374.50  504.50  398.00  535.00  392.00  526.50  402.50  541.00 
*  Asia Malt 70/30  397.50  534.50  197.00  565.00  191.00  556.50  201.50  571.00 
**  Asia Malt 50/50  391.50  526.00  197.00  556.50  191.00  548.00  201.50  562.50 

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

Table of the week

EU Selected Wheat Malt Production

Year France
in tonnes		 Germany
in tonnes
1999-2000  84 482  50 400 
2000-2001  88 160  52 200 
2001-2002  79 000  62 400 
2002-2003  60 082  76 100 
2003-2004  64 000  80 100 
2004-2005  66 065  78 900 
2005-2006  57 524  79 600 
Newsletter SummaryTop
Graph of the week


These Days in Business History
May 31
1879 1st electric railway opens at Berlin Trades Exposition
1974 The first money-market mutual fund with checkwriting privileges, Fidelity Daily Income Trust, opens for business.
2000 Lucent Technologies announces that it is buying Chromatis Networks, an optical networking company, for $4.5 billion.

June 1
1812 The State of New York charters a new institution called City Bank of New York, called today Citigroup.
1880 1st pay telephone installed
1939 Stockbrokers are officially designated as "registered representatives."

June 2
1891 Work on trans-Siberian railway begins
1907 Taxis 1st began running in New York City
1977 Trans Alaska oil pipeline completed

June 3
1748 Amsterdam establishes municipal postal service
1903 Henry Ford launches the Ford Motor Co. in a refurbished wagon factory in Detroit
1932 Benjamin Graham publishes the first of a three-part series of articles in Forbes Magazine
Agenda
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

July 2007:
Olesummer Festival 2007
Portland International Beer Festival
51 Congress of The International Hop Growers Convention

August 2007:
Qingdao International Beer Festival, China
International Berlin Beer Festival
Great British Beer Festival
1st International Brewers Symposium Hop Flavor and Aroma
Great Japan Beer Festival 2007 in Osaka
Brew Drinks China 2007
The 13th Australian Barley Technical Symposium, Australia

September 2007:
Belgian Beer Weekend
Great Canadian Beer Festival
Great British Beer Festival
WBA Associate in Brewing Technology Program in Chicago
WBA International Diploma in Brewing Technology Program Chicago & Munich Campuses
WorldFood Moscow

October 2007:
The International Brewing Convention 2007 , UK
Newport International Oktoberfest, USA
World Beer Festival Durham , USA
Tasting Australia
2007 Master Brewers Association of the Americas Convention



More events are available on site e-malt.com
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