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Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery 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
August 02 - August 05, 2007
Crop 2006
2rs Barley €197.0-199.0
6rw Barley €170.0-172.0
2rs Malt €418.0-420.0
6rw Malt €383.5-385.5
Crop 2007
2rs Barley €269.0-271.0 5.06%
6rw Barley €239.0-241.0 3.90%
2rs Malt €486.5-488.5 3.39%
6rw Malt €449.0-451.0 2.51%

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 31a, 2007
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Newsletter 30b, 2007
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Newsletter 30a, 2007
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Newsletter 29b, 2007
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Newsletter 29a, 2007

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
Belgium Beer Production, Export and Consumption (1980 - 2006)
Open
World Barley Production (1985/86 - 2007/08f)
Open
USA Malt Exports by country of destination 2006 & 2005
Open
Netherlands Beer Production and Export (1990 - 2006)
Open
Australia Barley Production and Malting Barley Export

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 31b
August 02 - August 05, 2007
Quote of the week

"The most important single ingredient in the formula of success is knowing how to get along with people."
Theodore Roosevelt


Currency Rates
Base Currency: Euro, EUR
on 03-August-2007

1 EUR = 1.3671 USD
1 EUR = 0.6729 GBP
1 EUR = 1.444 CAD
1 EUR = 1.5991 AUD
1 EUR = 162.561 JPY
1 EUR = 2.5753 BRL
1 EUR = 34.9937 RUB
1 EUR = 10.3668 CNY
 Base Currency: US Dollar
on 03-August-2007

1 USD = 0.7315 EUR
1 USD = 0.4922 GBP
1 USD = 1.0562 CAD
1 USD = 1.1696 AUD
1 USD = 118.912 JPY
1 USD = 1.8837 BRL
1 USD = 25.5965 RUB
1 USD = 7.5829 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Chile: CCU S.A. reports consolidated second quarter 2007 and year to date results... Click here

Japan: Asahi H1 profit down 19% after weak beer sales... Click here

Russia & Malta: Baltika starts exporting beer to Malta... Click here

Australia: Lion Nathan set to acquire James Boag... Click here

USA: The Boston Beer Company announces agreement with Diageo to acquire Pennsylvania Brewery... Click here

Russia: Moscow-Efes Brewery net losses soar in Q1 2007... Click here

More News
Russia: Moscow court upholds Otchakovo brewery ... More Info

China: Chongqing Brewery plans $20 mil plant ... More Info

USA: Silver Eagle Distributors buys BudCo ... More Info

Japan & Russia: Major Japanese companies expanding beer sales in Russia ... More Info

Bulgaria: Beer war brews trouble for Bulgarian football authorities ... More Info

UK: 30 years of the Great British Beer Festival ... More Info

UK: Scottish & Newcastle affirmed at 'BBB-' with stable outlook ... More Info

USA: Wild Goose Brewery cited for violating wastewater regulations ... More Info

Romania: Contracts with brewers drive Arca Schoeller turnover to 3 mil euros ... More Info

Australia: Foster's offers Yatala workers a fair go ... More Info

UK: SABMiller announces senior management changes ... More Info

Singapore: Asia Pacific Breweries announces new appointments ... More Info

UK: SABMiller upgraded to "neutral" ... More Info


Brewery News
Chile: CCU S.A. reports consolidated second quarter 2007 and year to date results

CCU announced its consolidated financial results, stated in Chilean GAAP for the second quarter and six months ended June 30, 2007, in a press release published August 1. All US$ figures are based on the exchange rate effective June 30, 2007 (US$1.00 = Ch$526.86).
COMMENTS FROM THE CEO
We are very pleased with the results obtained during the second quarter of 2007. Consolidated volumes increased 4.2%, revenues grew 6.7%, operating income increased 73.0%, net income grew 86.5% and EBITDA increased 25.3%. These results are attributable to an improved performance in all of our business segments during the quarter, as a consequence of strong volumes, higher margins and a controlled cost structure.

The Chilean beer segment performed well during this period, with 13.5% higher operating income, mainly explained by higher volumes and prices that increased by 1.9% and 3.9%, respectively, as well as control over expenses which served to offset some costs pressures during the quarter. In April, we launched Cristal Black Lager, a brand extension of our main brand Cristal, a dark beer with an intense color and a toasted aroma, in addition to the red beer Cristal Red Alelaunched a year ago.

The Argentine beer business grew its revenues by 20.0% ... More Info

Japan: Asahi H1 profit down 19% after weak beer sales

Japan's Asahi Breweries Ltd. reported a 19 percent fall in first-half profit and cut its full-year outlook after heavy investments in advertising failed to jolt beer sales, Reuters reported August 2.

Japan's biggest brewer, the maker of the Super Dry brand, said its January-June operating profit came to 23.1 billion yen ($195 million), falling short of 25 billion yen forecast in a poll of three analysts by Reuters Estimates.

During that period, the firm spent 16 percent more on marketing, mainly to promote Super Dry beer on its 20th anniversary.

Yet its domestic beer sales fell 6.4 percent during the first half, unable to buck the declining trend in Japan's overall beer market, which has seen drinkers shift to cheaper beer-like drinks and other alcoholic beverages.

The company now expects a full-year operating profit of 88 billion yen, 5 percent lower than its previous forecast and just below its year-ago results.

That compares with 88.3 billion yen operating profit forecast by 15 analysts in a poll by Reuters Estimates.

The brewery's profit was also cut by promotional expenses and a rise in raw material costs at its non-alcoholic beverage business, the company said.

Shares of Asahi closed 1.7 percent higher at ... More Info

Russia & Malta: Baltika starts exporting beer to Malta

Baltika Beer Company started the exports of its brands to Malta, according to company’s press release, August 1. Malta is the 43-th country in which Baltika is present.

The first shipment constituted 10,000 litres of Baltika No 3, Baltika No 7 and Baltika No 9.

The Baltika’s partner in Malta is ANELIK LTD, specialized in products distribution. It plans to distribute Baltika beer in Arkadia Foodstore and Smart Supermarket, as well as in bars and restaurants. The retail price of 1 bottle of 0.5 litres will constitute 0.58 liras (1.35 Euro).

According to “Canadean” International Research Agency, beer consumption in Malta is around 29 litres per capita. Imported beer share constitutes 37%.

Baltika is the leader of Russian brewers. It has received “Best Russian Exporter” award for thew 6th year in a row. Company’s production is exported in 43 countries. Company’s 2006 export volume constituted 1.8 mil hectolitres. At this moment, every 8th Baltika’s beer bottle is exported.

Australia: Lion Nathan set to acquire James Boag

Australian brewer James Boag has firmed as a favourite for acquisition by trans-Tasman beer, spirit and wine company Lion Nathan, Sidney Morning Herald published August 2.

JB Were beverage analyst Paul Ryan sounded a bit disappointed that the company didn't use an investor briefing at its Lidcombe brewery on Tuesday to announce a purchase.

Ryan reckons such a move would help boost investor belief that the company could reach its 7 per cent a year growth target for 2007.

The lay of the land should be clearer by November, when the company plans to use its full year result to announce whether it will spend its $300 million pot of cash on a new brand or whether it will reinvest via a buyback.

Boag is owned by Philippines food and beverage group San Miguel and estimated to be worth about $340 million.

Coca-Cola Amatil is also reportedly interested in running its rule over Boag.

A brand such as Boag would fit with Lion Nathan's increased reliance on "next generation" and "premium" beers and away from traditional "beer heartland" brands.

Similar moves are being made over the ditch where New Zealand drinkers are urged to swap an on-tap drink for a premium bottled or canned beer.

The Kiwis are ... More Info

USA: The Boston Beer Company announces agreement with Diageo to acquire Pennsylvania Brewery

The Boston Beer Company, Inc. announced that it has signed a purchase and sale agreement with Diageo North America, Inc. to acquire a brewery located 60 miles outside of Philadelphia, for $55 million, PRNewswire reported August 2. The purchase is expected to take place in late spring 2008, subject to the satisfactory completion of due diligence by Boston Beer. If the results of the due diligence process are satisfactory, the company will discontinue exploring the option of building a new brewery in Freetown, Massachusetts.

It is estimated that the Pennsylvania brewery will initially increase Boston Beer's brewing capacity by approximately 1.6 million barrels of beer annually with the potential for expansion to over 2 million barrels with modest incremental investment. This brewery provides the company with additional flexibility and ensures adequate capacity for continued growth. Boston Beer is familiar with the site's brewhouse, having brewed some of its beer there from 1994-2001. In fact, Boston Beer won several major awards for Samuel Adams brewed at this brewery. The Pennsylvania brewery will complement the breweries that the company owns and operates in Boston, Massachusetts and Cincinnati, Ohio.

Boston Beer anticipates that the brewery will require substantial investment and renovation in order to brew ... More Info

Russia: Moscow-Efes Brewery net losses soar in Q1 2007

The Moscow-Efes Brewery, owned by Efes Breweries International, saw its net losses increase 70% in the first quarter of 2007, the brewer said, according to Interfax, July 31.

Net losses were 104.1 million rubles in the first quarter of 2007 compared to 60.7 million rubles in the same period last year.

Revenue grew to 3.16 billion rubles in the first quarter from 1.97 billion rubles in the same period last year.

The company's net profit was 310.55 million rubles in 2006 compared to 567.42 million rubles in 2005. Revenue increased to 13.84 billion rubles in 2006 compared to 10.72 billion rubles in 2005.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.3671 August 03, 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  273.50  272.00  372.00 
2RS  Prestige  199.00  272.50  271.00  370.50 
2RS  Cellar  198.00  271.00  270.00  369.50 
2RS  Sebastien  197.00  269.50  269.00  368.00 
2RS  Astoria  197.00  269.50  269.00  368.00 
2RS  Cork   197.00  269.50  269.00  368.00 
6RW  Esterel   171.00  234.00  240.00  328.50 

Prices for Danish malting barley are available on site www.e-malt.com/MarketPrices
Theoretical malt prices.
  EURO = USD 1.3671 August 03, 2007 
Crop year  2006 
Parity  FOB Antwerp 
Position  Aug 2007-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  421.50  576.00  444.00  607.00  438.00  598.50  448.50  613.00 
2RS  Prestige  420.00  574.50  443.00  605.50  436.50  597.00  447.50  611.50 
2RS  Cellar  419.00  572.50  441.50  603.50  435.50  595.50  446.00  609.50 
2RS  Sebastien  417.50  571.00  440.50  602.00  434.50  593.50  445.00  608.00 
2RS  Astoria  417.50  571.00  440.50  602.00  434.50  593.50  445.00  608.00 
2RS  Cork   417.50  571.00  440.50  602.00  434.50  593.50  445.00  608.00 
2RS   Average price  419.00  572.50  441.50  603.50  435.50  595.50  446.00  609.50 
6RW  Esterel   384.50  527.50  408.50  558.50  402.50  550.00  413.00  564.50 
*  Asia Malt 70/30  409.00  559.00  431.50  590.00  425.50  581.50  436.00  596.00 
**  Asia Malt 50/50  402.50  550.00  425.00  581.00  419.00  572.50  429.50  587.00 


  EURO = USD 1.3671 August 03 , 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  490.50  670.00  513.00  701.50  506.50  692.50  517.50  707.50 
2RS  Prestige  489.00  668.50  511.50  699.50  505.50  691.00  516.00  705.50 
2RS  Cellar  487.50  666.50  510.50  698.00  504.50  689.50  515.00  704.00 
2RS  Sebastien  486.50  665.00  509.50  696.50  503.00  687.50  513.50  702.00 
2RS  Astoria  486.50  665.00  509.50  696.50  503.00  687.50  513.50  702.00 
2RS  Cork   486.50  665.00  509.50  696.50  503.00  687.50  513.50  702.00 
2RS   Average price  487.50  666.50  510.50  698.00  504.50  689.50  515.00  704.00 
6RW  Esterel   450.00  616.50  473.50  647.50  467.50  639.00  478.00  653.50 
*  Asia Malt 70/30  476.50  651.50  499.50  682.50  493.50  674.50  504.00  688.50 
**  Asia Malt 50/50  469.50  641.50  492.00  672.50  486.00  664.00  496.50  678.50 

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 Malting Barley Supply and Demand Estimate 2007/2008

(in 1000 tonnes)  Malt Capacity on 01/10/2007  Estimated Barley Malt Production  Barley Demand  Spring Malting Barley Supply  Winter Malting Barley Supply  Net Plus/Minus Total 
 Northwest               
 Belgium  744  750  940  20  -  -  920 
 France  1260  1200  1500  1480  1520  +  1500 
 Germany  1990  1850  2300  1240  60  -  1000 
 Ireland  128  130  160  160  -    - 
 Netherlands  330  330  410  150  -  -  260 
 United Kingdom  1473  1450  1800  1350  600  +  150 
 TOTAL Northwest  5925  5710  7110  4400  2180  -  530 
 Baltic          -     
 Denmark  277  280  350  1050  -  +  700 
 Finland  172  175  220  350  -  +  130 
 Lithuania  82  80  100  100  -    - 
 Poland  305  320  400  200  -  -  200 
 Sweden  200  210  260  360  -  +  100 
 TOTAL Baltic  1036  1065  1330  2060  0  +  730 
 Southeast               
 Austria  150  150  190  190  -    - 
 Bulgaria  75  60  75  -  25  -  50 
 Czech Republic  515  500  625  600  -  -  25 
 Hungary  133  125  155  50  50  -  55 
 Romania  125  100  125  25  25  -  75 
 Slovakia  266  240  300  250  -  -  50 
 TOTAL Southeast  1264  1175  1470  1115  100  -  255 
 Mediteranian               
 Greece  45  45  55  -  -  -  55 
 Italy  70  70  90  -  45  -  45 
 Portugal  86  86  110  -  -  -  110 
 Spain  442  442  550  660  -  +  110 
 TOTAL Mediteranian  643  643  805  660  45  -  100 
 NET TOTAL 8868  8593  10715  8235  2325  -  155 
Newsletter SummaryTop

Graph of the week



These Days in Business History
02 August
1858 1st street mailboxes-Boston, Mass.
1890 The BOVESPA (Bolsa de Valores de Sao Paulo, or Sao Paulo Stock Exchange), Brazil’s central securities market, is founded.
1984 Euro Court condemns phone-tapping.
2000 The New York Stock Exchange begins trading in decimals, ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar.

03 August
1887 Thomas Alva Edison receives a U.S. Patent for his new kinetoscope, the predecessor to the motion-picture camera.
1977 Tandy Corp. introduces one of the earliest affordable personal computers, the TRS-80 (soon to be affectionately nicknamed the "Trash 80"). It has 4 (yes, four) kilobytes of memory, a black-and-white monitor, and uses floppy disks that truly flop when you shake them. It retails for just $599.
1984 Total trading volume on the New York Stock Exchange exceeds 200 million for the first time, as 236,565,110 shares change hands.

04 August
1693 Dom Perignon invents champagne.
1790 Congress enacts Alexander Hamilton’s plan to fund the public debt and giving birth to the American securities markets.
1930 Michael J. Cullen opens his first King Kullen store. He calls it a “supermarket,” one of the nation's first - and it is a smash hit, as people drive from miles around for the new shopping experience.

05 August
1914 1st traffic light installed (Euclid Ave & E 105th St, Cleveland).
1926 1st talkie movie "Don Juan" at Warner Theatre, NY.
1930 Birth of Neil Armstrong , X-15 pilot, 1st Moonwalker (Gemini 8, Apollo 11).
1991 Soichiro Hondo CEO & founder (Honda), dies of liver cancer at 84.
Agenda
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

November 2007:
The International Hop Growers' Convention (IHGC) Meetings, Germany
International convention for the drink technology and PET industry, India
More events are available on site e-malt.com

Copyright © E-Malt s.a. 2007