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E-Malt.com Flash 11b
March 13 - March 16, 2008
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Quote of the week

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Currency Rates
Base Currency: Euro, EUR
on 14-March-2008

1 EUR = 1.5568 USD
1 EUR = 0.7666 GBP
1 EUR = 1.5377 CAD
1 EUR = 1.6599 AUD
1 EUR = 156.866 JPY
1 EUR = 2.6343 BRL
1 EUR = 36.8661 RUB
1 EUR = 11.0587 CNY
Base Currency: US Dollar
on 14-March-2008

1 USD = 0.6424 EUR
1 USD = 0.4924 GBP
1 USD = 0.9878 CAD
1 USD = 1.0661 AUD
1 USD = 100.769 JPY
1 USD = 1.6921 BRL
1 USD = 23.6807 RUB
1 USD = 7.1034 CNY
Currency Rates, EUR/USD Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

March 12, 2008
Type Crop 2007 Crop 2008
2rs Barley €276.0-278.0 1.07% €278.0-280.0 0.36%
6rw Barley €243.0-245.0 1.61% €247.0-249.0
2rs Malt €532.5-534.5 0.74% €519.5-521.5 0.29%
6rw Malt €491.0-493.0 1.01% €480.5-482.5
Feed Barley €192.0-194.0   nq  

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 barley. The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.


Top Industry News

USA: Molson Coors plans to cut up to 390 jobs, outsource duties to Hewlett-Packard ...Click here
Ireland: Carlsberg cleared, but Heineken faces fresh probe in Scottish & Newcastle deal ...Click here
Russia: Beer sales stable in 2007, cans rise in popularity ...Click here
UK: Pub closures accelerate towards 30 per week ...Click here
Australia: Champ Private Equity and Castle Harlan considering a A$500 million offer for United Malt Holdings ...Click here
Japan & Canada: Malt import from Canada decreasing ...Click here
Denmark, Finland & Sweden: Malting barley 2007 crop experiences a free fall, the quality still presenting problems on protein and germination ...Click here
France: Malting barley market inactive for 2007 crop, feed barley prices continue to increase ...Click here
USA: Both feed, malting barley markets come off a mixed two-week period ...Click here




Russia: Federal Antimonopoly Service allowed Carlsberg to be the sole owner of Baltika ...More Info
Russia: Baltika Breweries signs agreement with Asahi Breweries to produce Asahi Super Dry beer ...More Info
UK: A reduced price waste glass collection ‘Carlsberg Green glass service’ could go national ...More Info
Russia: Baltika to raise dividends by 32% ...More Info
China: Tsingtao Brewery A-shares trading suspended for regulatory review ...More Info
Philippines: The Securities and Exchange Commission has approved the P23-billion initial public offering of San Miguel Brewery ...More Info
UK: S&N launches 'widget' versions of Foster's and Kronenbourg ...More Info
USA: Mexico’s leading beer brand reveals new advertising campaign to emotionally connect with Mexican adult consumers in the U.S ...More Info
USA: Fusarium head blight incidence almost inexistent in most U.S. barley producing states during 2007 ...More Info
Ukraine: Feed barley prices remain unchanged but very high ...More Info
Japan: Government buys 20,000 tonnes of feed barley via SBS tender ...More Info
Australia: ABB to raise its grower indicator rate by 0.25% ...More Info
Go to our news database with more than 12349 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

USA: Molson Coors plans to cut up to 390 jobs, outsource duties to Hewlett-Packard

Molson Coors Brewing Co. plans to eliminate up to 390 jobs in Canada, the United States and other parts of the world and outsource their duties to Hewlett-Packard Co, Canadian Press reported March 13.

The Canadian-American beer maker says the cuts will be divided about evenly among the company's three operating divisions: Coors Brewing Co. in Golden, Colo., Coors Brewers Ltd. in England and Molson Inc. in Toronto.

The cuts will be in human resources, information technology and finance.

Molson Coors spokeswoman Kabira Hatland said Wednesday the cuts are part of an effort to save US$250 million over three years. She says about a third of the savings is expected from the cuts and the rest from efficiency improvements.

About 40 Molson Coors workers are expected to transfer to HP, one of the world's biggest computer services companies, and up to 350 others will be laid off.

Molson Coors says functions to be taken over by HP will be done in Canada, Costa Rica, India, Puerto Rico and Poland.


Ireland: Carlsberg cleared, but Heineken faces fresh probe in Scottish & Newcastle deal
Heineken faces extra scrutiny from competition authorities in Ireland over its deal to buy Scottish & Newcastle, Drinks International reported March 12.

Ireland’s Competition Authority ...More Info

Russia: Beer sales stable in 2007, cans rise in popularity
Sales of domestic beer remained stable in 2007, Beer-Union has recently reported. Member companies of the Federation of the Brewing and Soft Drinks Industry ...More Info

UK: Pub closures accelerate towards 30 per week
Pubs have been closing at the rate of 27 a week - nearly four every day - over the past year, according to the ...More Info

Malt News

Australia: Champ Private Equity and Castle Harlan considering a A$500 million offer for United Malt Holdings
The private equity owners of United Malt Holdings, one of the world's largest producers of malt for the brewing and distilling industries, are considering ...More Info

Japan & Canada: Malt import from Canada decreasing
Japan’s malt imports have been declining due to lower beer sales. Consequently, import demand for Canadian malt has also been decreasing, according to Agriculture ...More Info

Barley News

Denmark, Finland & Sweden: Malting barley 2007 crop experiences a free fall, the quality still presenting problems on protein and germination
Crop 2007 has experienced a “free fall” from mid February till now by about 25-35 €/ton, slowly beginning to “look like” parity crop 2008, ...More Info

France: Malting barley market inactive for 2007 crop, feed barley prices continue to increase
Malting barley market is still little developed, according to La Depeche, March 13. The prices for 2007 crop have decreased this week due a ...More Info

USA: Both feed, malting barley markets come off a mixed two-week period
Cash prices for malting and feed barley were mixed since the last report, with prices for both classes up on some elevator boards and ...More Info
Scientific Digest

The Influence of Protein and Protein Blending on Modification and Malt Specifications

P. M. Tansing, S. J. Logue, S. Roumeliotis, R. Kaczmarek and A. R. Barr Adelaide University, Dept. of Plant Science, PMB1, Glen Osmond, SA, 5064, Australia


Introduction
In order to achieve malting grade, Australian barley must generally have a grain protein (GP) concentration of between 9.0 – 11.8 % (ABB Grain Ltd). For overseas markets, the trend is towards an even tighter GP range (10.0 – 11.5 % GP). Management of malting segregations can be difficult for bulk handling authorities, and therefore "active stack management" of grain that allows for the inclusion of a wider range of GP to achieve an ideal "average" GP is an attractive solution.
... Load full article, 7 pages, 323 Kb, PDF file

Malting barley prices.

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

Theoretical malt prices

Theoretical malt prices (Crop 2007, Crop 2008).


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

Prices Evolution

Malt Price Evolution, Crop 2007

Source: E-malt.com

Table of the week
Canada: Barley Supply and Disposition as of March 06, 2008
Table of the week. Make it clear - Membership for one year is 169 EUR.
Source: Agriculture and Agri-Food Canada, March 06, 2008
Graph Of The Week



These Days in Business History
March 13
1974 Charles de Gaulle Airport opens near Paris France
1979 European Monetary System is established, ECU created
1986 Microsoft Corp. goes public at an initial offering price of $21 a share, raising $61 million just one day after Oracle Corp.'s own IPO. Microsoft closes the day at $28.

March 14
1634 Académie Française opens
1821 On one of the quietest days in Wall Street history, the market is open, but not a single share of stock changes hands.
1950 General Motors reports net earnings of $656,434,232 (record)

March 15
1817 The New York Stock Exchange officially prohibits the "fictitious sales," or wash sales, that had enabled speculators to manipulate individual stocks without even owning them.
1827 University of Toronto is chartered.
1892 1st escalator patented by inventor Jesse W. Reno (New York City)

March 16
1915 United States Trade Commission organizes
1933 President Franklin D. Roosevelt takes the U.S. off the gold standard, removing the yellow metal from coinage and circulation, even banning it as a collectible.
1987 IBM releases PC-DOS version 3.3
Agenda