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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
Hops news
More news
Malting barley prices
Theoretical malt prices
Prices Evolution
Table of the week
Graph of the week
On These Days
Agenda
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Average market prices
Change trend
September 07, 2007
Crop 2007
2rs Barley €295.0-297.0 1.02%
6rw Barley €261.0-263.0
2rs Malt €511.5-513.5 0.79%
6rw Malt €468.5-470.5

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 market prices are estimated on FOB Antwerp basis.
The changes are compared to last Newsletter's prices.
Arrows indicate the direction of the change.

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E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters' Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

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Market price evolutions
The evolution of market prices for barley and malt, which are periodicaly issued with e-malt.com newsletters are published on e-malt.com site in Market Prices section. Just click here!
Available market price evolutions
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Malt Market Price Evolution, Crop 2006
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Canada Average Barley Prices (1983-2008f)
See this Evolution!
Canada Average Barley Prices 1983-2005
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Canadian Malting Barley Prices vs. Danish 2Row
See this Evolution!
Australia Malting Barley Export Prices 2000-2005
See this Evolution!
Malt Market Price Evolution. Crop 2005
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French Malting Barley Price Evolution. Crop 2005
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Malt Market Price Evolution. Crop 2004
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French Malting Barley Price Evolution. Crop 2004
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Malt Market Price Evolution. Crop 2003
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French Malting Barley Price Evolution. Crop 2003
E-malt.com graphs
All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.
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UK Barley Exports by Seasons
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Mexico Beer Production
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EU Malt Export Licence Fixations (1995/1996 - 2006/2007)
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World Leading Beer Companies by Production Volume in 2006
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EU-27 Malt Capacity and Demand (2008)

The graphs are updated from time to time. Just see the updates online on e-malt.com site!
E-malt.com Tables

We have the pleasure to let you know that 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 Statisctis section.

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Black Sea: Barley Production Forecast
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Barley Market Projections for the EU, 2003-2014
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Canada: Barley Supply and Disposition as of August 3, 2007
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EU Malt Export Licence Fixations as of July 24, 2007
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EU Malting Barley Supply And Demand Estimate 2007/2008 (2 July 2007)

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Currency Rates
Base Currency: Euro, EUR
on 07-September-2007

1 EUR = 1.3661 USD
1 EUR = 0.676 GBP
1 EUR = 1.4396 CAD
1 EUR = 1.6577 AUD
1 EUR = 157.476 JPY
1 EUR = 2.6862 BRL
1 EUR = 34.9187 RUB
1 EUR = 10.3137 CNY
 Base Currency: US Dollar
on 07-September-2007

1 USD = 0.7321 EUR
1 USD = 0.4948 GBP
1 USD = 1.0538 CAD
1 USD = 1.2131 AUD
1 USD = 115.278 JPY
1 USD = 1.9663 BRL
1 USD = 25.6577 RUB
1 USD = 7.5496 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Czech Republic: Anheuser-Busch the most likely bidder for Budejovicky Budvar... Click here

Uzbekistan: Baltic Beverages Holding AB (BBH) announces inauguration of brewery in Uzbekistan... Click here

UK: Carlsberg ready to buy S&N’s stake in BBH; S&N says it’s not for sale... Click here

Peru: Ajegroup launches its first beer and hopes to steal market share from SABMiller and InBev... Click here

Kazakhstan: Cooperation between Grolsch and EFES in Kazakhstan... Click here

USA: Anheuser-Busch executives optimistic about growth outlook... Click here

World: The net global increases of malt capacities will be less than forecasted... Click here

UK: Maltsters ‘react responsibly’ to barley quality relaxing quality parameters... Click here

World: The global malting barley deficit may come up to 950,000 tonnes... Click here

World: Barley markets are very tight... Click here

Russia: Russia considers limiting barley exports... Click here

USA: More than 1 million lbs losses of hops because of storms... Click here

More News
World: World grain price levels ... More Info

Kenya: East Africa Maltings introduces barley insurance cover amid rising losses ... More Info

UK: Poor harvest leads to barley contract losses ... More Info

Uganda: Uganda Breweries profit soar on higher sales ... More Info

Cayman Islands: Cayman Islands Brewery sets up a bottle recycling program, making a serious commitment to the environment ... More Info

Burundi: Heineken subsidiary invests 18 mil euros to boost exports ... More Info

Kenya: East African Breweries annual profit climbs to Sh10.6bn ... More Info

Turkey: Barley production down 22.3% in 2007 ... More Info

UK: HGCA Cereals Quality Survey 2007 indicates lower barley specific weights ... More Info

Finland: Finland's BasWare Corporation delivers invoice automation suite to Scottish & Newcastle Plc ... More Info

UK: Tiger Beer Singapore London festival bigger and better ... More Info

Tunisia: Tunisian barley imports up 64% y/y ... More Info

Namibia: Namibia Breweries managing director resigns ... More Info

USA: Coors Brewing CEO Resigns ... More Info

Canada: Russell Breweries Inc. announces extension of completion deadline for definitive merger agreement ... More Info


Brewery News

0 Czech Republic: Anheuser-Busch the most likely bidder for Budejovicky Budvar

Anheuser-Busch is the most likely buyer for state-owned Czech brewer, Budejovicky Budvar, if the latter is privatised, according to two sector bankers, The Financial Times reported September 6.

Heineken of the Netherlands is also likely to make an offer for Budejovicky Budvar, both bankers said, but would probably not accept the same high multiples as A-B would on a deal.

Assuming the company has approximately EUR 120m in revenues and a net income of 8-10%, the first banker estimated Budvar’s price would be in the area of EUR 400m. The second banker estimated that the brewer would sell for 10-15 times EBITDA.

Trademark issues surrounding the Budweiser name, the first banker said, constitute grounds for A-B to pay a premium for the České Budějovice-based company. A-B, he said, would resolve the issue and save the company some USD 25m in legal costs per year: “more than the net income of [Budejovicky Budvar].”

Budvar could be an attractive target for Heineken too, the first banker said, as the Dutch brewer seeks to expand its presence in Eastern Europe. “For them, it would move the needle, they are small in the Czech Republic [and such a purchase] would get them closer to ... More Info

2 Uzbekistan: Baltic Beverages Holding AB (BBH) announces inauguration of brewery in Uzbekistan

BBH has announced the official inauguration of its new brewery in Uzbekistan, according to S&N press release, September 6. The new brewery, Sarbast Plus, ... More Info

0 UK: Carlsberg ready to buy S&N’s stake in BBH; S&N says it’s not for sale

Carlsberg AS is ready to buy Scottish & Newcastle out of their Baltic Beverages Holding (BBH) joint venture for 30-40 bln dkr, daily Berlingske Tidende said, citing Carlsberg chairman Povl Krogsgaard-Larsen, according to AFX News Limited, September 7.

'We are ready,' Krogsgaard-Larsen said. 'We can clearly see advantages in getting 100 pct ownership of BBH. We've built up a capital reserve so we can react the day it becomes possible [to buy S&N's share of BBH].'

'Naturally there is competition between Scottish & Newcastle and Carlsberg about marketing our own brands as effectively as possible,' Krogsgaard-Larsen said. 'If we have 100 pct of BBH we can decide for ourselves how we will market our products alongside Baltika's products.'

Sources told Thomson Financial News they could not 'conceive of the possibility' of the stake in the joint venture with Carlsberg becoming available.

A spokesman for S&N responded: 'We are very happy with the relationship with Carlsberg and the joint ownership of BBH and that is and will remain the position.'

Speculation of a merger or a takeover of S&N by Carlsberg resurfaced again this week after Carlsberg announced the appointment of Joergen Buhl Rasmussen as chief executive following the departure of Nils Smedegaard Andersen who steps ... More Info

2 Peru: Ajegroup launches its first beer and hopes to steal market share from SABMiller and InBev

Peruvian beverages company Ajegroup, which sells soft drinks in Latin America and Asia, launched its first beer this week and hopes to steal market ... More Info

2 Kazakhstan: Cooperation between Grolsch and EFES in Kazakhstan

Royal Grolsch N.V. of the Netherlands has signed a long-term licencing agreement with Efes Karaganda Brewery, the Kazakhstan beer operation of Efes Beer Group ... More Info

0 USA: Anheuser-Busch executives optimistic about growth outlook

Management continues to expect accelerated sales and earnings growth in the second half of the year and earnings per share growth for the full year to exceed its 7 to 10 percent long-term objective, Anheuser-Busch executives told investors in a presentation given at the Lehman Brothers Consumer Conference, according to company’s press release, September 6.

“We are adapting our portfolio and entire system to meet the demands of a changing marketplace and we are making good progress at strengthening our company’s foundation for sustainable long-term growth,” said August A. Busch IV, president and chief executive officer of the company.

U.S. beer industry volume in 2006 and year-to-date has grown at a healthy pace. Over this period, import and craft beers in particular have enjoyed strong growth and Anheuser-Busch has added considerably to its portfolio and presence in these growing segments through alliances, acquisitions and new product development. The company has also been leveraging its superior distribution system to pursue high-margin growth opportunities in non-alcohol beverages, such as energy drinks and super-premium waters.

While Anheuser-Busch’s U.S. beer sales-to-retailers were below expectations in the first half of the year, volume trends have shown improvement in the second half. So far in this quarter, ... More Info

Malt News

2 World: The net global increases of malt capacities will be less than forecasted

The industry amended construction plans for new malting factories. Analysts commented that new factories usually go together with closures of old facilities, therefore the ... More Info

2 UK: Maltsters ‘react responsibly’ to barley quality relaxing quality parameters

UK winter malting barley crop quality is average to good, say grain traders Gleadell, according to Farmers Guardian, September 7. Moisture and nitrogen levels ... More Info

Barley News

2 World: The global malting barley deficit may come up to 950,000 tonnes

Russia and Ukraine talk of an import deficit of 3 – 500,000 tonnes together. A hypothetical European balance shows a large deficit altogether:
-- ... More Info

2 World: Barley markets are very tight

Barley markets are very tight because of low carry–over stocks from the crop of 2006, poor 2007 crops in the EU, Russia, Ukraine, government ... More Info

2 Russia: Russia considers limiting barley exports

Russia is considering imposing limits on barley exports because of the rise in grain prices on world markets, Grain Union President Arkady Zlochevsky told ... More Info

Hops News

2 USA: More than 1 million lbs losses of hops because of storms

US weather conditions have also been generally conducive for a good crop. But also the US has suffered from strong rain and hail storms. ... More Info


Malting barley prices. French barley prices.
Nominal prices.

nq - Not quoted
Prices for Danish malting barley are available on site www.e-malt.com/MarketPrices

Theoretical malt prices.
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

Theoretical malt prices for crop 2007 are available on site www.e-malt.com/MarketPrices

Prices Evolution
French Malting Barley Price Evolution. Crop 2006
Price Evolution
Newsletter SummaryTop

Table of the week

EU Malt Export Licence Fixations

Table of the week. Make it clear - Membership for one year is 169 EUR.
Graph of the week
These Days in Business History
September 06
1819 Thomas Blanchard patents lathe
1811 James Melville Gilliss, founder, Naval Observatory in Washington
1853 Women's Right's Convention met (New York City)

September 07
1822 Brazil declares independence from Portugal (National Day)
1912: David Packard, co-founder of Hewlett-Packard Co., is born in Pueblo, Colo.
1923 Interpol forms in Vienna

September 08
1923 Alexandra Kollontai of Russia becomes 1st woman ambassador
1990 real-estate developer Minoru Isutani buys the Pebble Beach golf resort for $841 million. By March, 1992, Isutani sold Pebble Beach for $500 million—a $341 million loss in less than a year-and-a-half, “probably the most disastrous real-estate deal known to man”.

September 09
1776 Continental Congress renames "United Colonies," "United States"
1822 Napoleon J K P Bonaparte is born, French prince/member National Convention
Agenda
September 2007:
Belgian Beer Weekend
Great Canadian Beer Festival
Bruxellensis Biere Festival
WBA Associate in Brewing Technology Program in Chicago
WBA International Diploma in Brewing Technology Program Chicago & Munich Campuses
Great Japan Beer Festival-Yokohama
WorldFood Moscow

October 2007:
The International Brewing Convention 2007, UK
Newport International Oktoberfest, USA
Grain Market Outlook Conference & Cereals Industry Forum Conference 2007 , UK
Great American Beer Festival
World Beer Festival Durham , USA
Belgian beer and chocolat festival
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
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