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E-Malt.com Newsletter 17a
April 21- April 23, 2008
Open!
Click here to get full size Newsletter


Quote of the week

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price"
Warren Buffett
Currency Rates
Base Currency: Euro, EUR
on 23-April-2008

1 EUR = 1.5931 USD
1 EUR = 0.8023 GBP
1 EUR = 1.605 CAD
1 EUR = 1.6888 AUD
1 EUR = 164.269 JPY
1 EUR = 2.6512 BRL
1 EUR = 37.2247 RUB
1 EUR = 11.1523 CNY
Base Currency: US Dollar
on 23-April-2008

1 USD = 0.6277 EUR
1 USD = 0.5036 GBP
1 USD = 1.0075 CAD
1 USD = 1.0601 AUD
1 USD = 103.118 JPY
1 USD = 1.6642 BRL
1 USD = 23.3664 RUB
1 USD = 7.0004 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

April 23, 2008

Type Crop 2007 Crop 2008
2rs Barley €250.0-252.0 0.80% €259.0-261.0
6rw Barley €225.0-227.0 1.80% €233.0-235.0
2rs Malt €509.5-511.5 0.89% €501.5-503.5
6rw Malt €477.5-479.5 1.48% €468.5-470.5
Feed Barley €181.0-183.0 1.09% 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

Denmark & Vietnam: Carlsberg will buy 16% in Vietnamese brewery Habeco ...Click here
China: Tsingtao Brewery drops after profit misses estimates ...Click here
Japan: Kirin lifts carbohydrate-free happoshu sales target ...Click here
India: InBev-Jaipuria to start operations in Bangalore, Mallya’s home turf ...Click here
Russia: SABMiller launches Peroni Nastro Azzurro beer in Russia ...Click here
Bulgaria: Boliyarka beer company starts exports to Spain and Cyprus ...Click here
Australia: New malting barley varieties the key to maintaining beer production in the face of climate change ...Click here
Ukraine: The quotas for barley export may be cancelled at the end of April 2008 ...Click here




Malaysia: Carlsberg casts watchful eye on newcomer Napex Corporation to defend its beer market share ...More Info
Canada: Molson named Official Beer Supplier of the Vancouver 2010 Olympic Games ...More Info
Canada: Brick Brewing Q4 loss widens ...More Info
UK: Brewrer Marston’s acquires Refresh UK ...More Info
India: United Breweries FY net shoots up to 640.10 million rupees, revenues rise ...More Info
UK: Adnams launches UK’s first carbon-neutral beer ...More Info
Belgium: Inbev shares close lower on AmBev worse-than-expected first quarter predictions ...More Info
UK: Britain's oldest brewer Shepherd Neame acquires the White Hart, Claygate ...More Info
Canada: Prince Edward Island beer price going up ...More Info
Nigeria: PABOD Breweries may lose N200 million in lawsuit with Nigerian Breweries ...More Info
UK: Cobra Beer prepares new-look packaging ...More Info
UK: Inbev announces publicity campaign for Stella Artois ...More Info
Mexico: FEMSA shareholders approved Ps. 1,620 million dividend ...More Info
Romania: Shachar Shaine is the new President of "Brewers of Romania" Association ...More Info
USA: Aladdin Beverage CEO signed a three-year contract ...More Info
USA: Craft breweries donate $20 million to charity ...More Info
Australia: ABB Grain rises on rain outlook ...More Info
India: Barley futures up on short-covering and improved demand ...More Info
Australia: University of Western Australia welcomes Iranian input into barley breeding ...More Info
Go to our news database with more than 12599 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Denmark & Vietnam: Carlsberg will buy 16% in Vietnamese brewery Habeco

In March 2007 the Vietnamese Ministry of Industry approved state-owned brewery Habeco's choice of Carlsberg as strategic partner in connection with the initial privatization of Habeco, according to Carlsberg’s press release, April 23.

The initial privatization took place on 28 March 2008, and Habeco has confirmed that Carlsberg will become the owner of 16% of the shares in Habeco. Carlsberg will pay the same price per share as other investors who participated in the public offer (VND 50,015 per share, equal to approx. USD 3.10/share).

The total consideration to be paid by Carlsberg is approx. USD 115.6 million, or DKK 545 million.

Habeco is market leader in the northern Vietnam where Carlsberg is present through its brewery joint venture in Hanoi. The partnership will provide opportunities for both Habeco and Carlsberg to further jointly strengthen their market positions in northern Vietnam but also in central Vietnam where Carlsberg is market leader through its brewery joint venture in Hué. Carlsberg and Habeco are already partners in southern Vietnam where a new brewery will be constructed.

"Habeco’s choice of Carlsberg as strategic partner, and Carlsberg's entry as shareholder, is a crucial step forward for our businesses in Vietnam, and it creates a solid ...More Info


China: Tsingtao Brewery drops after profit misses estimates

Tsingtao Brewery Co., the Chinese beer company partly owned by Anheuser-Busch Cos., fell the most in more than a month in Shanghai trading after reporting 2007 profit that missed analysts' estimates, Bloomberg reported April 22.

Tsingtao's Shanghai-traded shares slid as much as 9 percent to 20.03 yuan, headed for the biggest decline since March 18, and traded at 21.35 yuan at the 11:30 a.m. trading break. The Hong Kong-listed shares dropped 3 percent to HK$19.22.

Full-year net income was 538.9 million yuan ($77 million) based on international accounting standards, the Qingdao, Shandong province-based company said in a statement late yesterday. That was below a projected profit of 639.4 million, according to the median estimate in a Bloomberg survey of four analysts.

``The discrepancy was because of a higher income tax rate applied to the earnings,'' said Zhang Yun, an analyst at Huatai Securities Co. in the eastern Chinese city of Nanjing. ``Tsingtao is increasing margins by selling more premium beer.''

Tsingtao seeks to boost beer sales by 14 percent this year as it faces a higher income tax rate. The brewer, founded in 1903 when the city of Qingdao was under German rule, paid 33 percent taxes last year and will pay a rate ...More Info


Japan: Kirin lifts carbohydrate-free happoshu sales target

Kirin Brewery Co. said it has raised its annual sales target of carbohydrate-free "happoshu" low-malt beer-like beverage Kirin Zero to six million cases from the earlier planned four million because of brisk sales, Jiji Press reported April 22.

Each case contains the equivalent of 20 633-milliliter bottles.

Sales of Kirin Zero, launched in February, are expected to reach two million cases by the end of this month. Asahi Breweries Ltd.'s Style Free is currently leading the carb-free happoshu market with an annual sales target of 10 million cases.

Between January and March, overall shipments of beer and quasi beer dropped 2.6 pct from the same period last year due to price hikes at major beer makers.

But sales of happoshu that are low-carb or have reduced calories are strong, capturing a 45 pct share of the happoshu market, equivalent to a 10 pct share in the overall beer and quasi beer market. The strong showing is thanks to the increasing health-consciousness of consumers.

Competition among carb-free happoshus, which contain less than 0.5 gram of carbohydrate per 100 milliliters, is intensifying, with new products Zero Nama made by Suntory Ltd. and Viva! Life from Sapporo Breweries Ltd. launched in the past two months.


India: InBev-Jaipuria to start operations in Bangalore, Mallya’s home turf

The world's largest brewer by volume, InBev, is likely to start operations in Bangalore, right at the heart of Vijay Mallya’s brewing empire, TNN reported April 23. InBev through its joint venture partner Ravi Jaipuria has taken over operations of Bangalore-based brewery H Dasappa & Sons Pvt Ltd for rolling out beer brands — Tennents and Lowenbrau — initially, to be followed by Beck’s, sources said.

Dasappa Breweries, with installed capacity of 1.40 lakh cases (of 7.8 litre each) per month, was a contract bottler to Shaw Wallace Breweries. It is believed that InBev India International is in the midst of reviving the idling unit, with Alfa Laval reportedly roped in for readying the brewery.

InBev JV has begun work at the Dasappa plant on a long-term management contract, a company spokesperson confirmed to ET. The Gurgaon-based JV has already listed its three brands with some of the state beverages corporations down south to be supplied from Dasappa.

InBev, in all probability, is expected to kick off its market presence from Dasappa, with its contract tie-up with Goa-based Impala Breweries being delayed following concerns regarding the brew quality. The JV company has been scouting for manufacturing footprint in other parts, and has had ...More Info


Russia: SABMiller launches Peroni Nastro Azzurro beer in Russia

SABMiller has launched Peroni Nastro Azzurro in Russia, The Morning Advertiser published April 23.

The move is part of a £25 million international rollout for the brand.

The Italian beer has seen international sales increase 72% over the last year, according to the brewer.

To mark the launch, Peroni hosted a Moscow themed party in Arsenal last night, which featured Italian fashion designer Antonio Berardi.

“Russians have long had a love affair with all things Italian, associating their goods with elegance, craftsmanship and authenticity," said SAB Miller managing director James Wilson.

"They are becoming increasingly demanding and appreciate brands with quality, strong heritage and international appeal.”

Chris Taylor, SABMiller’s international brand director for Peroni added: "Peroni’s unique Italian style positioning, as well as the huge opportunities opening up in the Eastern markets, means the brand is well placed to be very successful in Russia."


Bulgaria: Boliyarka beer company starts exports to Spain and Cyprus

Bulgarian beer ‘Boliyarka' company starts to export beer for Spain and Cyprus, Bulgarian News reported April 18.

The abroad sales are planned to reach capacity of 70 to 100 thousands hectoliters of beer.

Thanks to the six new cylindrical containers for fermentation of the beer the sales are expected to increase with 5-10% and the export to Romania to double.

The brewery's execute director shared the factory intends to launch for sаlе new sort of beer own production, which will be of new class and will be bottled in 330 and 500 ml bottles.

Other renewal of ‘Boliyarka' company is the beer with transparent self-sticking label.

The factory invested 1 million EUR in the new technology ‘Clear label' which brought it an award from the Finance Minister Plamen Oresharski and the big award of Bulgarian Chambers of Commerce - ‘Ikar' statue.


Barley News

Australia: New malting barley varieties the key to maintaining beer production in the face of climate change

New strains of malting barley and more efficient production methods will be the keys to maintaining beer production in the face of climate change, according to two leading industry figures, Cooper’s beer company reported in a press release, April 21.

Dr Doug Stewart, the Technical Manager for ABB Grain malting subsidiary Joe White Maltings and Dr Tim Cooper, the Managing Director and Chief Brewer for Coopers Brewery, said suggestions that climate change would lead to reduced barley crops and higher prices were of serious concern.

The claims were made by Dr Jim Salinger, a climate scientist at the New Zealand National Institute of Water and Atmospheric Research at the recent Institute of Brewing and Distilling convention in New Zealand.

Dr Salinger said it was likely climate change would cause a decline in production of malting barley in parts of Australia and New Zealand as dry areas became drier and water shortages worsened. However, Dr Stewart of Joe White Maltings said variable climate, marked by more frequent, severe frost and drought was a greater threat to regular barley production than gradual climate change.

“The Barley Improvement Group at the University of Adelaide, headed by Dr Jason Eglinton, is making considerable improvements in the area ...More Info


Ukraine: The quotas for barley export may be cancelled at the end of April 2008

According to the Deputy Prime-Minister of Ukraine Alexander Turchinov, the quotas for barley export may be cancelled at the end of April 2008, Agri Market reported April 18.

At that, he noted that grain export quotation would be cancelled if the Ministry of Agrarian Policy estimates the stocks at the local market as sufficient.

Scientific Digest

Breeding Malting Barley under Stress Conditions in South America

Silvia E. GERMÁN Instituto Nacional de Investigación Agropecuaria La Estanzuela, Colonia, Uruguay, South America

ABSTRACT
The annual average area sown with barley (Hordeum vulgare) in South America during 1999–2003 was 795 000 ha. In Argentina, Brazil, Chile and Uruguay, two-rowed spring cultivars are used mostly for malt production. Research has been developed in private malting companies and official institutions supported by the industry. In Argentina, tolerance to drought and heat stress during grain filling are important in drier areas. Yield and malt extract had been improved in cultivars released from 1940 to 1998. In Brazil, progress in grain yield, grain size, malting quality, early maturity, and resistance to net blotch, powdery mildew, and leaf rust has been achieved by EMBRAPA and malting companies. Higher tolerance to soil acidity and resistance to spot blotch are required. Since 1976, malting barley breeding in INIA-Chile has improved grain yield, grain size, beer production efficiency, and resistance to scald, net blotch, stripe rust, and leaf rust. Uruguay produces high quality malt exported mainly to Brazil. Malting companies have released locally bred and introduced cultivars since the early 1970’s. Initiated in 1988, INIA-Uruguay breeding program has improved yield, malting quality, and lodging and disease resistance. Fusarium head blight is a new challenge for research in Brazil and Uruguay. Information regarding malting barley production, the most important stresses in different areas of production, and breeding progress under South American conditions is provided. Keywords: Hordeum vulgare L.; plant breeding; stress conditions; Argentina; Brazil; Chile; Uruguay
... Load full article, 8 pages, 243 Kb, PDF file


Barley Prices

French Malting Barley Prices. Nominal prices
EURO = USD 1.5931 April 23, 2008 
 Crop year   2007   2008 
 Parity   FOB Creil   FOB Creil 
 Position   July 2007   July 2008 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  253.00  403.50  262.00  417.50 
2RS  Prestige  252.00  401.50  261.00  416.00 
2RS  Cellar  251.00  400.00  260.00  414.50 
2RS  Sebastien  250.00  398.50  259.00  413.00 
2RS  Astoria  250.00  398.50  259.00  413.00 
2RS  Cork   250.00  398.50  259.00  413.00 
6RW  Esterel   226.00  360.50  234.00  373.00 

French Feed Barley Prices. Nominal prices
EURO = USD 1.5931 April 23, 2008
Crop year 2007
Parity FOB Creil
Position July 2007
Type EURO USD
Feed Barley 182.00 290.00

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

Theoretical Malt Prices

EURO = USD 1.5931 April 23, 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  513.00  817.00  536.50  854.50  528.50  841.50  542.50  864.50 
2RS  Prestige  511.50  815.00  535.50  852.50  527.00  839.50  541.50  862.50 
2RS  Cellar  510.50  813.00  534.00  850.50  526.00  837.50  540.00  860.50 
2RS  Sebastien  509.00  811.00  533.00  848.50  524.50  835.50  539.00  858.50 
2RS  Astoria  509.00  811.00  533.00  848.50  524.50  835.50  539.00  858.50 
2RS  Cork   509.00  811.00  533.00  848.50  524.50  835.50  539.00  858.50 
2RS   Average price  510.50  813.00  534.00  850.50  526.00  837.50  540.00  860.50 
6RW  Esterel   478.50  764.00  503.50  801.50  495.00  788.50  509.50  811.50 
Asia Malt 70/30  501.00  798.50  525.00  836.00  516.50  823.00  531.00  845.50 
**  Asia Malt 50/50  495.00  788.50  518.50  826.00  510.50  813.50  524.50  835.50 


EURO = USD 1.5931 April 23, 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  505.00  804.00  528.50  842.00  520.50  829.00  534.50  851.50 
2RS  Prestige  503.50  802.50  527.50  840.00  519.00  827.00  533.50  849.50 
2RS  Cellar  502.50  800.50  526.00  838.00  518.00  825.00  532.00  847.50 
2RS  Sebastien  501.00  798.50  525.00  836.00  516.50  823.00  531.00  845.50 
2RS  Astoria  501.00  798.50  525.00  836.00  516.50  823.00  531.00  845.50 
2RS  Cork   501.00  798.50  525.00  836.00  516.50  823.00  531.00  845.50 
2RS   Average price  502.50  800.50  526.00  838.00  518.00  825.00  532.00  847.50 
6RW  Esterel   469.50  749.50  494.00  787.00  486.00  774.00  500.00  796.50 
Asia Malt 70/30  493.00  785.00  516.50  822.50  508.50  809.50  522.50  832.50 
**  Asia Malt 50/50  486.50  774.50  510.00  812.50  502.00  799.50  516.00  822.00 

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

United States Breweries 2007

  U.S. Breweries Operating on Dec. 1, 2007:    U.S. Breweries Operating on Dec. 1, 2006: 
  Regional Craft Breweries  53    Regional Craft Breweries  49 
  Microbreweries  392    Microbreweries  359 
  Brewpubs  975    Brewpubs  977 
  Total Craft Breweries  1,020    Total Craft Breweries  1,385 
  Large Breweries  20    Large Breweries  20 
  Regional Breweries  23    Regional Breweries  23 
  Total U.S. Breweries  1,463    Total U.S. Breweries  1,437 
   
  2007 YTD U.S. Openings    2006 YTD U.S. Openings 
  Brewpubs  48    Brewpubs  59 
  Microbreweries  46    Microbreweries  36 
  Regional Brewery     
  Large Brewery     
  2007 YTD U.S. Closings   2006 YTD U.S. Closings
  Brewpubs  35    Brewpubs  42 
  Microbreweries  16    Microbreweries  12 
      Regional Breweries 
      Large Breweries 
Graph of the Week


Source: Canada Brewers Association

These Days in Business History
April 21
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1982 Dr. Michael E. Bakey performs 1st successful heart implant
1983 1 pound coin introduced in United Kingdom

April 22
1924 Hague Chambers of Commerce forms
1969 1st human eye transplant performed
1991 Intel releases 486SX chip

April 23
1851 Canada issues its 1st postage stamps
1985 Coca-Cola announced it is changing its secret flavor formula
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1910 International Exhibition opens in Brussels
Agenda