Efes Breweries International N.V. announced its consolidated financial results for the nine months ended 30 September 2007 prepared in accordance with IFRS, in a press release, November 22.

“We are pleased to complete the nine month period of 2007 with a strong top line growth, exceeding FY2006 revenues, driven especially by the strong performance in Russia, outstanding growth in Kazakhstan and remarkable growth in other countries” commented Alejandro Jimenez, CEO and Chairman of the Board of Management of Efes Breweries International (“EBI”). “We are happy to deliver this strong performance albeit the start of a very challenging raw material cost inflation period for the global markets.”

EBI’s consolidated sales volume increased by 13.9% in YTD 3Q2007 over the comparable period of previous year and reached 10.4 million hectoliters (“mhl”). However the like-for-like sales volume growth in the nine months period of 2007 was 18.0% and is calculated by;

1) including the sales volume in the first two months of 2006 of the Krasny Vostok Brewing Group (“KV Group”), which EBI acquired in February 2006 and by

2) excluding the sales volume of Interbrew Efes Brewery (“Efes Romania”), EBI’s 50% operating subsidiary in Romania, in which EBI disposed its shareholding in August 2006, from YTD 3Q2006 results.

On ...More Info

Lion Nathan Limited (Lion Nathan) has exceeded guidance with a solid result, lifting operating net profit after tax by 3.8% to $267.2 million for the year to 30 September 2007, according to company’s press release, November 21.

After the impact of individually significant items (ISIs), reported NPAT increased 24.4% to $282.1 million. Group net sales revenue grew strongly, increasing 6.6% to $1.97 billion. Operating EBIT grew 4.1% to $472.4 million, while reported EBIT increased 10.4% to $452.7 million.

Lion Nathan CEO Rob Murray said: “We have continued to grow earnings and deliver strong cash flow while making a significant investment in the long term health of our business. We have made real progress in building people capability and investing in our brands and our production assets to achieve higher sustainable long term earnings growth from the 2009 financial year”.

“This result reflects a solid performance from all our business units. The strong revenue growth reflects successful brand and NPD1 investment in our core businesses, along with continued mix shift to national and premium brands,” Mr Murray continued.

Profit growth was achieved despite higher aluminium prices, higher barley costs due to the drought in Australia in addition to further investment to build a presence in the spirits ...More Info

The CWB released its latest Pool Return Outlook (PRO) for the 2007-08 crop year and the first PRO of the year for feed barley in Pool B, which runs from Feb. 1 to July 31, 2008, according to CWB’s press release, November 22. The PRO for Pool A feed barley is unchanged from last month. Two-row malting barley is $3 lower, while six-row is unchanged.

PRO commentary 2007-08 crop year

Feed barley

Pool A - The small pool size of Pool A reflects limited delivery opportunities due to logistical capacity constraints in the Pool A delivery window. The feed-grain situation in Europe has stabilized as corn from Latin America and sorghum from the U.S. have reached the market. Corn continues to provide a price floor for feed barley; however, the corn-wheat spread has narrowed over the past month.

Pool B - The feed barley market is expected to remain highly volatile. Saudi Arabia has uncovered demand but, given high ocean-freight rates, Canada has a significant freight disadvantage for shipping to Saudi Arabia relative to Europe. The tightness of the global feed grain supply situation should ease as a record-sized U.S. corn crop will be available for export and new-crop corn will be available from ...More Info

Australian barley growers who supported ABB’s pre-harvest commitment pools have begun receiving record first advances, according to ABB’s press release, November 22.

ABB’s managing director, Michael Iwaniw, said that unprecedented, recent international grain prices had meant ABB was able to provide record advances for its Select pools against very attractive estimated returns.

“The advances* will be $370/tonne for malting 1 barley and $350/tonne for feed 1 barley for growers who supported ABB’s Select 1 pool on offer from late August until October 8; $325/t for malting 1 and $300/t for feed 1 in the Select 2 pool and $325/t and $262/t for the Select 3 pool,” Mr Iwaniw said.

“These harvest advances are extremely high and they reflect the confidence ABB has in achieving the current estimated returns.

“ABB was pleased with the support for these pools which demonstrate ABB’s willingness to provide options that remain popular and relevant to the majority of local barley growers.”

ABB Select was opened as a pre-harvest commitment option for growers who preferred the flexibility and convenience of ABB’s various pool options. This option allowed growers who prefer to market their grain via pools, the opportunity to take part in the buoyant domestic barley market that existed just before ...More Info

As to State Statistics Committee, within this year January-October agricultural companies have reduced barley sales to 2.076 Mt, down 1.845 Mt (- 47.1%) against last year same period, Agro Perspectiva reported November 23.

As for barley sales structure, companies have sold 4.2% total barley to processors; 2.7% barley were given to population (incl. public catering system) on account of salaries, 7.5% – to shareholders on account of land plots/property shares rental payment. As to Committee, 10.6% of total barley were sold on markets, while 75% were sold off through other trade channels.

In last year Jan-Oct agrarians had sold 3.921 Mt of barley.

As to Agro Perspective earlier report, within this year Jan-Sept agricultural companies had shortened barley sales to 1.916 Mt, down 1.51 MT (- 44%) as of last year Jan-Sept.