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E-Malt.com Newsletter 15a
April 07 - April 09, 2008
Open!
Click here to get full size Newsletter


Quote of the week

"If you don't drive your business, you will be driven out of business."
B. C. Forbes
Currency Rates
Base Currency: Euro, EUR
on 09-April-2008

1 EUR = 1.5732 USD
1 EUR = 0.7949 GBP
1 EUR = 1.5947 CAD
1 EUR = 1.6976 AUD
1 EUR = 161.011 JPY
1 EUR = 2.685 BRL
1 EUR = 37.0481 RUB
1 EUR = 11.0305 CNY
Base Currency: US Dollar
on 09-April-2008

1 USD = 0.6357 EUR
1 USD = 0.5053 GBP
1 USD = 1.0137 CAD
1 USD = 1.079 AUD
1 USD = 102.352 JPY
1 USD = 1.7067 BRL
1 USD = 23.5495 RUB
1 USD = 7.0115 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

April 09, 2008

Type Crop 2007 Crop 2008
2rs Barley €256.0-258.0 2.28% €261.0-263.0
6rw Barley €237.0-239.0 2.06% €238.0-240.0 1.65%
2rs Malt €514.5-516.5 1.43% €504.0-506.0
6rw Malt €490.5-492.5 1.21% €474.5-476.5 1.04%
Feed Barley €185.0-187.0 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

Africa: SABMiller to invest $370 million to cash in on Africa's surging incomes ...Click here
Chile: Brewer CCU says Q1 2008 sales volume up 10.8% ...Click here
China: Tsingtao to buy out 22 brewing units from parent ...Click here
Vietnam: Local beer market could reach 3.5 billion litres by 2010 as foreign presence sips up ...Click here
Europe: EU approves SABMiller, Molson Coors joint venture ...Click here
Japan: Suntory to raise prices of canned beer, quasi-beer in September ...Click here
New Zeeland: New barley breeds a solution as global warming hits brewing industry ...Click here
World: Barley crop forecasts 10% higher against last year ...Click here
Europe: Suppliers and customers are recommended to sell their crops and cover barley demand slowly but continuously to arrive at an average price for the campaign ...Click here




Japan: Baltika Breweries and Asahi Beer sign historical agreement on Asahi Super Dry production ...More Info
UK: Stella Artois and Carlsberg clash over ‘UK’s best beer’ claims ...More Info
USA: Schlitz beer returns to Chicago beer market ...More Info
USA: Coors Brewing Company unveils 2008 advertising campaign for its beers ...More Info
UK: Molson Coors to close the sole beer museum in the Kingdom ...More Info
Denmark: Carlsberg shares moved to 'overweight' from 'equal weight' ...More Info
USA: Boston Beer recalls select bottles of Samuel Adams beer ...More Info
UK: 18th century brewery to be brought back to life ...More Info
India: United Breweries prices rights issue ...More Info
USA: Pyramid Breweries settles California rest-break case for $1.3 million ...More Info
India: Cobra Beer appoints Poonam Chandel as Managing Director ...More Info
UK: SABMiller price target cut again ...More Info
Canada: New Canada Wheat Board CEO wants to stay out of the debate on board’s monopoly ...More Info
India: Barley futures lower on arrival pressure ...More Info
Ukraine: The sowing area under barley crop totals 1.659 mln ha on April 1, 2008 ...More Info
World: Scientists target 2012 year to sequence barley genome ...More Info
Go to our news database with more than 12505 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Africa: SABMiller to invest $370 million to cash in on Africa's surging incomes

New York - SABMiller planned to invest $370 million (R2.8 billion) in its African activities this year as local incomes rose, the brewer said, according to Business Report, April 8.

"I don't think I've seen so many opportunities for us to develop our business," Mark Bowman, the managing director for the company in Africa outside its South African domestic market, said at a meeting with journalists in London.

African and Asian countries were driving sales growth at SABMiller, the maker of Castle Lager and now the second-largest brewer in China, according to the company's website.

The beer maker and its Chinese joint venture partner run more than 50 breweries in the Asian country and bought four more properties in August.

Sales "continue to show relentless, unabated growth in China", said Ari Mervis, the managing director of SABMiller's Asian activities.

The amount of beer sold by the company in Africa and Asia gained 18 percent in the nine months to December, helped by a 20 percent increase in China.

The African unit sells beer and soft drinks in 13 countries, including Tanzania and Angola, and has a joint venture with privately owned French beverage maker Castel in Morocco and Algeria.

Sub-Saharan Africa is enjoying its longest period of ...More Info


Chile: Brewer CCU says Q1 2008 sales volume up 10.8%

Chile's largest brewer, CCU, said its sales volume rose 10.8 percent year-on-year in the first quarter of 2008, according to Reuters, April 7.

The rise in sales was strongest in Argentina, where CCU, or Compania Cervecerias Unidas SA, is the second-largest beer producer.

Sales volume there rose 13.5 percent from the same period in 2007, with beer sales volume up 13.8 percent. Wine sales there by comparison fell 9.4 percent in terms of volume.

Sales volume rose 10.1 percent in Chile, with beer sales volume up 8.0 percent during the period and soft drink volumes up 16.4 percent.

Sales volumes of wine for export, meanwhile, fell 14.9 percent, excluding bulk wine. CCU said.

The brewer's full-year sales volumes climbed 6.1 percent in 2007 from 2006.


China: Tsingtao to buy out 22 brewing units from parent

Tsingtao Brewery Co, owner of China's best-known beer brand, said it planned to buy the remaining shares it does not already own in 22 units from its parent to simplify its shareholding structure, Reuters reported April 9.

The stakes, valued at a combined 76.94 million yuan ($10.99 million) and ranging from 2.27 percent to 30 percent, were put up for sale through the Qingdao Equity Exchange.

"This is a fair and formal way to transfer these minority stakes," said board secretary Yuan Lu. "After the transaction, Tsingtao's business will be more transparent, and the parent company Tsingtao Brewery Group will focus on real estate development."

Tsingtao Brewery Co, partly owned by top U.S. brewer Anheuser-Busch Cos Inc, is increasing capacity and expanding overseas as it competes with rivals such as SABMiller and Heineken in China, the world's biggest beer market by volume.

Yuan said on Wednesday that Tsingtao had yet to receive notice from China's tax regulator on whether the company needed to pay back taxes for the past four years, which would be applied against its 2007 profits.

The government has argued that Tsingtao, which paid a preferential tax rate of 15 percent because of its partnership with Anheuser-Busch, should pay back tax for ...More Info


Vietnam: Local beer market could reach 3.5 billion litres by 2010 as foreign presence sips up

Market experts forecast the local beer market to bubble over in the time ahead owing to two of the largest domestic brewers going public, and the increased presence of foreign players, VNS reported April 7.

Saigon Beverage Corporation (Sabeco) and Hanoi Beverage Corporation (Habeco) were restructured recently, emerging as joint stock companies. They have since unveiled plans to raise their share of the ever more discerning local market, targeting outputs of 1 billion and 900 million litres of beer by 2010, respectively.

Other domestic producers have put down their drinks to speed up construction of breweries with annual output of more than 50 million litres each. Most will be put into operation within the next few years.

Foreign enterprises including Asia Pacific Breweries (APB), SAB Miller, Kronenbourg and Miguel Viet Nam have also accelerated their investments in local beer.

Asia Pacific Breweries boasts four plants in Viet Nam and has set up a joint venture with Quang Nam Province’s VBL, which churns out 500 million litres a year.

SAB Miller and Kronenbourg have also established joint ventures with local partners Vinamilk and the Cigarette Corporation, respectively, to build breweries with estimated annual output of at least 100 million litres.

Meanwhile, San Miguel Viet Nam hopes to ...More Info


Europe: EU approves SABMiller, Molson Coors joint venture

European Union regulators have approved a joint venture between Molson Coors Brewing Co. and SABMiller PLC that will market and distribute both companies' beers in the United States, The Associated Press reported April 7.

The EU green light, given Monday, comes after a preliminary EU probe found no competition concerns or any effects on either companies' operations in the 27-nation bloc.

Molson Coors Brewing brews Coors Light and Blue Moon among other brands. SABMiller makes Miller Lite and other brews.

The two announced in October that they would form a joint venture called MillerCoors that would market and distribute their beers in the U.S. and Puerto Rico.


Japan: Suntory to raise prices of canned beer, quasi-beer in September

Suntory Ltd. said it will raise shipment prices of its canned beer and quasi-beer products on September 1 due to surging raw materials and packaging costs, according to Jiji Press, April 9.

Retail prices of the canned products, including "happoshu" low-malt beer-like beverages and third-segment alcoholic drinks, are expected to go up 3-5 pct. This will be Suntory's first price hike of canned beer products since March 1990.

From this month, Suntory raised the prices of its restaurant-use barreled and bottled beer products.

Its bigger rivals have already raised prices of all beer and beer-like products, with Kirin Brewery Co. starting hikes in February, Asahi Breweries Ltd. in March and Sapporo Breweries Ltd. in April.

Suntory's decision to keep prices of its mainstay canned products steady during the summer peak demand season may allow it to catch up with Sapporo, the third largest player in the industry, in market share.


Barley News

New Zeeland: New barley breeds a solution as global warming hits brewing industry

Better barley breeds could be the salvation for the beer brewing industry as global warming threatens crop production, an industry conference has heard, New Zeeland Herald published April 9.

Industry scientists and brewers from more than 24 countries in Auckland for the Institute of Brewing and Distilling's convention heard that climate modelling pointed to an increased drying in barley growing areas in New Zealand and Australia.

Jim Salinger, principal scientist with the National Institute of Water and Atmospheric Research, told the conference that Canterbury, the main barley growing area in New Zealand, would likely be adversely affected as it gets hotter and drier.

"But new areas may well open out in Otago and Southland where there's sufficient rainfall," he said.

Lion Nathan currently sources around 70 per cent of its malting barley from Canterbury, while DB Breweries also uses local crops for most of its products. Some barley comes from Europe for Heineken, with small proportions from Australia and the UK for DB's specialty products.

Australia - dubbed the "drying continent" - was expected to be 1 to 1.5 degrees warmer by 2030, with less rainfall in the key barley growing areas of South Australia, Victoria, coastal New South Wales and southwest Australia. Between 20 ...More Info


World: Barley crop forecasts 10% higher against last year

New crop prospects are altogether favourable. The IGC forecasts a world barley crop of 149 Mill. tons vs. 135 Mill. tons last year, analysts recently reported.

Malting barley markets cannot go their own way, prices must remain at a good premium above coarse grains, before farmers will sell, and at a good premium above wheat so that farmers will not divert further acres to wheat for the crop of 2009.


Europe: Suppliers and customers are recommended to sell their crops and cover barley demand slowly but continuously to arrive at an average price for the campaign

Cooperatives, trade and industry all over the EU recommend to their suppliers and customers to sell their crops and cover their barley and malt demand slowly, but continuously, in order to arrive at an average price for the campaign, the analysts recently reported. It could turn out completely wrong and financially dangerous to stay long or short for total production or demand.

The U.K. reports two types of barley contracts, replaceable, meaning that sellers must deliver irrespective of the outcome of the crop, and non-replaceable, meaning the contract becomes void in case of a harvest failure. Obviously, the replaceable contracts are trading at a premium. Czech and Poland purchase new crop barley with minimum contract prices. It means no more than a delivery promise, because final prices will be fixed after harvest. Denmark, Sweden and Germany do not follow any specific trading schemes, Scandinavian producers have been flexible and sold a good percentage of their expected crop, German farmers wait stubbornly for even higher prices and may well be penalized in case of a good crop.

Scientific Digest

Biochemistry and Molecular Biology of Arabinoxylan Metabolism in Germinated Barley

Robert Lee, Maria Hrmova, Rachel Burton and Geoffrey Fincher Department of Plant Science, The University of Adelaide, Waite Road, Urrbrae S.A. 5064.

Introduction
Following water uptake and germination of a barley grain, hydrolytic enzymes that are mainly secreted from the scutellar epithelial layer and the aleurone layer, catalyse the depolymerization of starch and protein reserves in the starchy endosperm. Degradation products are subsequently absorbed by the scutellum and translocated to the developing seedling. During commercial malting operations, barley grain is steeped in water and germinated under conditions designed to maximise the modification of the starchy endosperm, but to minimise vegetative growth of the young seedling (Bamforth and Barclay, 1993; Briggs et al., 1981). In both processes enzymic degradation of cell walls in the starchy endosperm is crucial. Because most of the key enzymes are secreted from the aleurone layers, the walls of starchy endosperm cells represent a physical barrier which denies the enzymes free access to their substrates within starchy endosperm cells. As a result, the rapid early removal of the cell wall is of central importance both for the successful germination of the grain (Fincher, 1989) and for the production of a well-modified malt (Bamforth and Barclay, 1993).
... Load full article, 6 pages, 82 Kb, PDF file

Malting barley prices.

French Malting Barley Prices. Nominal prices
EURO = USD 1.5732 April 09, 2008 
 Crop year   2007   2008 
 Parity   FOB Creil   FOB Creil 
 Position   July 2007   July 2008 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  259.00  407.50  264.00  415.50 
2RS  Prestige  258.00  406.00  263.00  414.00 
2RS  Cellar  257.00  404.50  262.00  412.50 
2RS  Sebastien  256.00  403.00  261.00  411.00 
2RS  Astoria  256.00  403.00  261.00  411.00 
2RS  Cork   256.00  403.00  261.00  411.00 
6RW  Esterel   238.00  374.50  239.00  376.00 

French Feed Barley Prices. Nominal prices
EURO = USD 1.5732 April 09, 2008
Crop year 2007
Parity FOB Creil
Position July 2007
Type EURO USD
Feed Barley 186.00 293.00

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

Theoretical malt prices

EURO = USD 1.5732 April 09, 2008
Crop year  2007 
Parity  FOB Antwerp 
Position  Apr 2008 - Sept 2008 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  518.50  815.00  542.00  852.50  533.50  839.50  548.00  862.00 
2RS  Prestige  517.00  813.00  540.50  850.50  532.50  837.50  546.50  860.00 
2RS  Cellar  515.50  811.50  539.50  848.50  531.50  835.50  545.50  858.00 
2RS  Sebastien  514.50  809.50  538.00  846.50  530.00  833.50  544.50  856.00 
2RS  Astoria  514.50  809.50  538.00  846.50  530.00  833.50  544.50  856.00 
2RS  Cork   514.50  809.50  538.00  846.50  530.00  833.50  544.50  856.00 
2RS   Average price  515.50  811.50  539.50  848.50  531.50  835.50  545.50  858.00 
6RW  Esterel   491.50  774.50  516.00  811.50  508.00  799.00  522.00  821.50 
Asia Malt 70/30  508.50  800.50  532.50  837.50  524.50  824.50  538.50  847.00 
**  Asia Malt 50/50  504.00  793.00  527.50  830.00  519.50  817.50  533.50  839.50 


EURO = USD 1.5732 April 09, 2008 
Crop year  2008 
Parity  FOB Antwerp 
Position  Oct 2008 - Sept 2009 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO USD EURO  USD EURO USD  EURO  USD
2RS  Scarlett  507.50  798.00  531.00  835.50  523.00  822.50  537.00  844.50 
2RS  Prestige  506.00  796.00  529.50  833.50  521.50  820.50  536.00  843.00 
2RS  Cellar  505.00  794.00  528.50  831.50  520.50  818.50  534.50  841.00 
2RS  Sebastien  503.50  792.50  527.50  829.50  519.00  816.50  533.50  839.00 
2RS  Astoria  503.50  792.50  527.50  829.50  519.00  816.50  533.50  839.00 
2RS  Cork   503.50  792.50  527.50  829.50  519.00  816.50  533.50  839.00 
2RS   Average price  505.00  794.00  528.50  831.50  520.50  818.50  534.50  841.00 
6RW  Esterel   475.50  749.50  500.50  787.00  492.00  774.00  506.50  796.50 
Asia Malt 70/30  496.50  780.50  520.00  818.00  512.00  805.50  526.00  827.50 
**  Asia Malt 50/50  490.50  772.00  514.50  809.00  506.50  796.50  520.50  818.50 

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

German Beer Market Overview

  2001  2002  2003  2004  2005  2006  2007 
Number of Brewers  1,298  1,289  1,275  1,281  1,281  1,289  1,302 
Beer sales, in mln hl  107.80  107.80  105.60  105.90  105.40  106.80  103.90 
Beer Exports, in mln hl  10.84  11.06  12.09  13.69  13.86  14.90  15.44 
Beer Imports, in mln hl  3.81  3.31  3.07  4.40  5.41  5.60  6.43 
Beer Consumption, in mln hl  114.84  115.55  114.63  115.19  113.85  116.09  112.91 
Source: German Brewers Association
Graph Of The Week



These Days in Business History

April 7
1348 Prague University, 1st university in central Europe, formed by Charles IV
1902, Texaco, Oil Company forms
1948 World Health Organization forms by U.N.

April 8
1862 John D. Lynde patents aerosol dispenser
1904 John R Hicks is born, British economist (Nobel 1972)

April 9
1799 Income Tax introduced in UK
2007 Apple Computer unveils the revolutionary iPhone

April 10
1790 U.S. Patent system forms
1930 Synthetic rubber 1st produced
1956 Philips broadcasts 1st Dutch color TV programs

April 11
1929 Loetafoon celluloid film system demonstrated in Amsterdam
1992 Euro-Disney opens near Paris
1994 Software programmer Marc Andreesen, then 22 years old, and venture capitalist Jim Clark, the co-founder of Silicon Graphics Inc., found Mosaic Communications Corp.

April 12
1903 Jan Tinbergen is born, Dutch economist and U.N. advisor, Nobel 1969
1905 French Dufaux brothers test helicopter
1996 One of the first companies ever to go public with an exclamation point in its name, Yahoo! Inc., launches its IPO on NASDAQ, selling 2.6 million shares at an initial price of $13 a share.

April 13
1785 John Walter publishes 1st issue of London Times
1888 National Geographic Society founded in Washington, D.C.
1942 Henry Ford patents a method of constructing plastic auto bodies
Agenda