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E-Malt.com Newsletter 44b
October 30 - November 02, 2008
Open!
Click here to get full size Newsletter


Quote of the week

"In the middle of every difficulty lies opportunity."
Albert Einstein
Currency Rates
Base Currency: Euro, EUR
on 31-October-2008

1 EUR = 1.3055 USD
1 EUR = 0.7925 GBP
1 EUR = 1.5785 CAD
1 EUR = 1.9278 AUD
1 EUR = 128.227 JPY
1 EUR = 2.7686 BRL
1 EUR = 34.9091 RUB
1 EUR = 8.9454 CNY
Base Currency: US Dollar
on 31-October-2008

1 USD = 0.7661 EUR
1 USD = 0.6071 GBP
1 USD = 1.2091 CAD
1 USD = 1.4767 AUD
1 USD = 98.226 JPY
1 USD = 2.1207 BRL
1 USD = 26.7398 RUB
1 USD = 6.852 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

October 31, 2008

Type Crop 2008 Crop 2009
2rs Barley EUR137.0-139.0 EUR149.0-151.0
6rw Barley EUR127.0-129.0 EUR137.0-139.0
2rs Malt EUR368.0-370.0 EUR376.5-378.5
6rw Malt EUR354.5-356.5 EUR361.0-363.0
Feed Barley EUR115.0-117.0 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

Mexico: FEMSA’s beer operations total revenues grow by 5.7% in Q3 2008, by 6.6% in the first nine months of the year ...Click here
Australia: Foster’s CEO outlines beer brands performance ...Click here
Japan: Asahi Breweries net profit climbs 22.5 pct in the first nine months of 2008 ...Click here
China: Tsingtao says nine-month profit may increase ...Click here
Germany: Third quarter sales of German beer grow by 1.3% in the EU ...Click here
United Kingdom: Coors brewery reports 2007 results ...Click here
Malaysia: Carlsberg Malaysia’s net profit falls by 12.88%, revenue rises by 8.97% ...Click here
Australia: Australia’s latest beer market review ...Click here
United Kingdom: The Malting Barley Committee announces varieties approved for harvest 2009 ...Click here
EU: Feed barley seeing very occasional demand, malting barley inactive ...Click here
Japan: Japan purchases 6,000 tonnes of Canadian malting barley and 600 tonnes of feed barley from Australia ...Click here




South Korea: Beer consumption sees no crunch in January - September ...More Info
Finland: Beer sales fall by 3.3% in the third quarter ...More Info
Spain: Malting barley crop is more than enough to cover domestic demand – Ministry of Agriculture ...More Info
Russia: Russia to be the first to enjoy a unique beer by SABMiller ...More Info
Australia: Rainless month to downgrade South Australia’s barley crop, prices pressured by sorghum ...More Info
Argentina: Santa Fe brewery gains the leadership among Argentina’s beer exporters ...More Info
Romania: European Drinks group reports increase in beer exports ...More Info
United States: A new malting barley variety to be released in Minnesota ...More Info
Japan: Beer brewed by a recipe of 1888 to be launched in December ...More Info
Go to our news database with more than 13809 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Mexico: FEMSA’s beer operations total revenues grow by 5.7% in Q3 2008, by 6.6% in the first nine months of the year

Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA") announced its operational and financial results for the third quarter of 2008 on October, 29.

FEMSA Cerveza total revenues increased by 5.7%, the brewer reported.

Mexico sales volume decreased by 1.9% compared with 3Q07 to 6.757 million hectolitres in 3Q08. This decrease reflects price increases implemented in the quarter in addition to the one made at the beginning of the year, as well as some unfavourable weather conditions experienced during the quarter and an increasingly cautious consumer, the company posted.

For the first nine months of 2008, Mexico beer sales volume increased by 2.4% to 20.275 million hectolitres.

Brazil sales volume increased by 8.0% over 3Q07 reaching 2.370 million hectolitres in 3Q08, as balanced growth across the brewer’s product portfolio drove these results.

For the first nine months of 2008, Brazil sales volume increased by 7.6% to 7.035 million hectolitres.

Export sales volume increased by 10.0% compared with 3Q07 to 948.8 thousand hectolitres in 3Q08, despite a challenging environment in the US. The increase was mainly driven by the Dos Equis and Tecate brands in the U.S. as well as by Sol in other key markets.

For the first nine months of 2008, export sales volume increased by ...More Info


Australia: Foster’s CEO outlines beer brands performance

In the Australian beer market, Foster’s has the leading beer portfolio with 7 of the top 10 brands and 5 of the 7 fastest growing brands, Foster’s CEO Ian Johnston claimed in his address posted on the company’s website on October, 29.

According to Mr Johnston, Australia’s No. 1 beer brand, VB, returned to revenue growth in 2008. Carlton Draught grew volume and revenue for the 6th consecutive year. Pure Blonde has been built from an innovation to a mainstream beer brand, and shows the largest value growth of any beer brand in Australia’s top 10.

The company also said it had reinvested significantly behind Crown Lager to maintain its position as Australia’s favourite premium beer and Launched Crown Ambassador – a premium vintage lager.

The international premium and low carb segments are growing fastest in the Australian beer market and Foster’s increased market share in both during the year, the CEO stated.

In international premium brands Corona continues to lead category growth. Pure Blonde created the low carb segment and volumes were up over 60%. Besides, the brewer relaunched its Carlton Premium Dry as a lower carb beer and introduced two new offerings – Carlton Natural Blonde and Pure Blonde Naked – a ...More Info


Japan: Asahi Breweries net profit climbs 22.5 pct in the first nine months of 2008

Asahi Breweries Ltd. said its group net profit rose 22.5 pct in the first nine months of this year as cost reduction efforts more than offset rising material prices, Jiji Press reported on October, 29.

Net profit grew to 41,799 million yen from 34,119 million yen a year before. Operating profit rose 14.8 pct to 70,464 million yen. Sales inched down 0.2 pct to 1,079,858 million yen.

The company's alcoholic beverage operations saw sales fall 1.2 pct as demand for beer and "happoshu" low-malt, beer-like beverage fell amid slumping personal consumption and price hikes in March.

But operating profit at the operations grew 23.4 pct as the company reined in fixed expenses such as advertising costs.

For the full year, the company left its earnings forecasts unchanged.

Net profit is estimated at 41 billion yen, up 1.2 pct from the previous year, and operating profit is projected at 88 billion yen, up 10.1 pct, on sales of 1,027 billion yen, down 0.4 pct.


China: Tsingtao says nine-month profit may increase

China’s Tsingtao Brewery said its net profit of the nine month ended September, 30 may increase by 24% to 699.82 mln Yuan due to higher sales, emfis.de posted on October, 28.

In the third quarter the company’s net profit amounted to 318.69 mln Yuan, a decline of about 54 percent compared to the same period in 2007.


Germany: Third quarter sales of German beer grow by 1.3% in the EU

In July – September 2008, Germany’s brewers sold 28 mln hl of beer, up 2% compared to the third quarter in 2007, the nation’s Federal Statistical Office announced on October, 28.

Beer mixtures - beer mixed with lemonade, Cola, fruit juices and other alcohol-free additives – made up 1.3 million hectolitres of combined sales, going up by 4.9 percent.

According to the Statistical Office of Germany, 84.2% of the nation’s beer output is sold on its domestic market. However, the sales of German beer enjoy significant growth abroad as well. Thus, in the third quarter of 2008 the sales of German beer on the European market increased by 1.3% to 3.4 mln hl, and by 16.5% in the Third World countries.


United Kingdom: Coors brewery reports 2007 results

Coors, the UK’s second-largest brewer, reported its pre-tax profits drop 78.3%, from £68.01 mln in 2006 to £14.75 mln in 2007, the Morning Advertiser published on October, 30.

The company saw overall turnover drop by 3% in 2007 to £1.32 bln after a volume decline of 6.8% offset by an increase in turnover per barrel.

The brewer’s profit margin fell by little more than 1% of turnover last year — it made just £5 mln more in profit than Shepherd Neame, which has a turnover one thirteenth its size.

It sold 6.8 million barrels of beer in the UK last year, making less than £2 per barrel profit. Coors derives 60% of its volume from the pub and on-trade sector — and an even greater proportion of its margin.

Coors said: “Beer volume in our on-premise business declined by about 9 compared to 2006. “This compared to an overall industry on-premise channel decline of 6.5%, giving a market-share decline for Coors. Our off-premise volume for 2007 declined about 2%compared to 2006.

“This compared to an overall industry off-premise channel decline of 0.1%, again giving a market-share decline for Coors. These declines resulted from a difficult trading environment, with Coors attempting to balance pricing ...More Info


Malaysia: Carlsberg Malaysia’s net profit falls by 12.88%, revenue rises by 8.97%

Carlsberg Brewery Malaysia Bhd reported a marginal fall in net profit to RM23.59 million in the third quarter ended Sept 30, 2008, the Edge Daily communicated on October, 30.

A year earlier, the company announced a net profit of RM26.63 million for the same period.

In a statement, Carlsberg Malaysia announced that its profit before tax, which fell 11.1% to RM30.9 million, was impacted by a higher marketing expenditure to support new product launches, lower contributions from contract manufacturing, and higher prices in raw and packaging materials.

The brewer, however, said revenue rose to RM266.59 million from RM244.64 million last year, driven by higher domestic sales, which included the launch of two new products.


Australia: Australia’s latest beer market review

While beer is still Australia’s favourite drink, per capita consumption is declining, and the growing popularity of wine and ready-to-drink mixed spirits presents the domestic brewing segment with a substantial challenge, a new report from IBISWorld stated on October, 20.

The beer market in Australia is worth around AU$7.9 billion. Within the sector, premium beers have a 7.8% share of the market; full strength beer has 70.6%; mid-strength holds 12%; and light beer has 9.6%. Low-carb beers account for 2.4% of industry revenue, with their share growing by a massive 127% per annum, albeit off a low base.

Imported beers are gaining popularity, and growing by 6.9% per annum in value terms. The nation largely imports beer from Mexico (39.9%); the Netherlands (15.2%); Germany (10.1%); and the USA (4.6%), and favourite brands include Corona, Heineken, Grolsch, Becks and Budweiser.

Last financial year, Australian beer manufacturers exported around 5.6% of their total production to Australia’s major markets: Thailand (19% of export value); Vietnam (16.7%); Korea (15.8%); and Japan (15.1%).

The thirstiest beer drinkers are aged between 18 and 30, a demographic which responds well to change, innovation, and clever advertising campaigns, and that’s exactly what they’ve been getting recently, IBISWorld posted.

IBISWorld General Manager (Australia), ...More Info


Barley News

United Kingdom: The Malting Barley Committee announces varieties approved for harvest 2009

The UK Malting Barley Committee discussed the progress of new malting barley varieties within the testing system at its Spring 2008 meeting, the Committee informed in an official statement as of June, 6.

As a result of the meeting, the Cassata variety got full approval for brewing use, the Publican was accorded provisional approval 2 for distilling use, the Jolika variety got provisional approval 1 for brewing use, and the Belgravia barley variety received provisional approval 1 for distilling use and for special use (grain distilling).

Having successfully completed Micromalting trials from crop 2007, the Wintmalt and Jolika varieties are listed at Provisional Approval 1 for brewing use. Commercial scale malting and brewing trials will be undertaken from crop 2008, the Malting Barley Committee reported.

The Belgravia variety has successfully completed Micromalting trials from crop 2007 and now is listed at Provisional Approval 1 for distilling use and also special interest for grain distilling. Further commercial scale malting and brewing trials will be undertaken from crop 2008.

Institute of Brewing and Distilling approved list for Harvest 2009

Brewing use: Winter varieties with full approval – Pearl, Flagon, Cassata Winter varieties with provisional approval 1 - Wintmalt Spring varieties with full approval – Optic, Cocktail, NFC Tipple, Westminster Spring varieties ...More Info


EU: Feed barley seeing very occasional demand, malting barley inactive

The trading atmosphere on the European market of feed barley is rather calm due to the high availability of feed grain on the continent, La Depeche published on October, 30.

The demand for feed barley is manifested just occasionally, market participants inform.

The market of malting barley also is quite inactive. European maltsters have made supplies which will satisfy their needs up to next May. In consequence, prices have fallen again this week.

The market of the crop 2009 is completely deserted by traders. In fact, there have not been any deal reported of late and information on prices available is very scarce.


Japan: Japan purchases 6,000 tonnes of Canadian malting barley and 600 tonnes of feed barley from Australia

Japan's Ministry of Agriculture bought less than it planned for the fourth food grain tender in a row on October, 30 as it purchased 600 tonnes of food barley from Australia, instead of a planned 1,000 tonnes, Reuters communicated on October, 30.

All placed bids were accepted in the tender under the simultaneous buy and sell (SBS) system, a ministry official said.

Another tender the ministry closed on the same day fell in line with its original plan. Japan bought 6,000 tonnes of malting barley from Canada, the official said.

The tender was for for bulk imports with a minimum lot of 1,000 tonnes, it was reported.

All shipments are due between the time contracts are made and Jan. 31, 2009.

Unlike an ordinary tender between the ministry and licensed traders, the SBS system allows users to negotiate directly with trading firms and decide the grain's origin, price and quantity before together placing bids to the government.

Scientific Digest

Elucidation of the Role of Nitrogenous Wort Components in Yeast Fermentation

C. Lekkas, G.G. Stewart, A.E. Hill, B. Taidi and J. Hodgson

Abstract

J. Inst. Brew. 113(1), 3–8, 2007 The Free Amino Nitrogen (FAN) content of wort prescribes efficient yeast cell growth and fermentation performance. FAN consists of the individual amino acids, small peptides and ammonia ions formed during malting, the relative amounts of which vary. In this paper, the individual constituents of FAN were dissected and their effect on both ale and lager fermentations determined. The patterns of amino acid and small peptide uptake and the changes in extracellular protease activity revealed the dynamic environment that develops during fermentation. Lysine and methionine, previously identified as key amino acids in wort fermentation, were investigated further. Key words: Amino acids, beer flavour and stability, diacetyl, free amino nitrogen, wort oligopeptides, wort supplementation, yeast proteases. Load full article, 6 pages, 919 Kb, PDF file

Barley Prices

French Malting Barley Prices. Nominal prices
EURO = USD 1.3055 October 31, 2008 
 Crop year   2008   2009 
 Parity   FOB Creil   FOB Creil 
 Position   July 2008   July 2009 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  140.00  183.00  152.00  198.50 
2RS  Prestige  139.00  181.50  151.00  197.50 
2RS  Cellar  138.00  180.50  150.00  196.00 
2RS  Sebastien  137.00  179.00  149.00  194.50 
2RS  Tipple  137.00  179.00  149.00  194.50 
2RS  Henley  137.00  179.00  149.00  194.50 
6RW  Esterel   128.00  167.50  138.00  180.50 

French Feed Barley Prices. Nominal prices
EURO = USD 1.3055 October 31, 2008
Crop year 2008
Parity FOB Creil
Position July 2008
Type EURO USD
Feed Barley 116.00 151.44


Theoretical Malt Prices

EURO = USD 1.3055 October 31, 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  371.50  485.00  402.50  525.50  395.00  515.50  409.00  534.00 
2RS  Prestige  370.50  483.50  401.50  524.00  393.50  514.00  408.00  532.50 
2RS  Cellar  369.00  481.50  400.00  522.50  392.50  512.50  406.50  531.00 
2RS  Sebastien  367.50  480.00  399.00  520.50  391.50  510.50  405.50  529.50 
2RS  Tipple  367.50  480.00  399.00  520.50  391.50  510.50  405.50  529.50 
2RS  Henley  367.50  480.00  399.00  520.50  391.50  510.50  405.50  529.50 
2RS   Average price  369.00  481.50  400.00  522.50  392.50  512.50  406.50  531.00 
6RW  Esterel   355.50  465.50  388.00  506.50  380.50  496.50  394.50  515.00 
Asia Malt 70/30  365.50  477.00  396.50  517.50  389.00  507.50  403.00  526.00 
**  Asia Malt 50/50  363.00  473.50  394.00  514.50  386.50  504.50  400.50  523.00 


EURO = USD 1.3055 October 31, 2008
Crop year 2009
Parity FOB Antwerp
Position Oct 2009 - Sep 2010
Conditioning Bulk In bags Bulk containers Bags, containers
Malting barley variety EURO USD EURO USD EURO USD EURO USD
2RS  Scarlett  380.00  496.00  411.50  537.00  403.50  526.50  417.50  545.50 
2RS  Prestige  379.00  494.50  410.00  535.00  402.50  525.00  416.50  543.50 
2RS  Cellar  377.50  493.00  408.50  533.50  401.00  523.50  415.50  542.00 
2RS  Sebastien  376.50  491.50  407.50  532.00  400.00  522.00  414.00  540.50 
2RS  Tipple  376.50  491.50  407.50  532.00  400.00  522.00  414.00  540.50 
2RS  Henley  376.50  491.50  407.50  532.00  400.00  522.00  414.00  540.50 
2RS   Average price  377.50  493.00  408.50  533.50  401.00  523.50  415.50  542.00 
6RW  Esterel   362.00  473.50  394.00  514.50  386.50  504.50  400.50  523.00 
Asia Malt 70/30  373.00  487.00  404.50  528.00  396.50  517.50  411.00  536.50 
**  Asia Malt 50/50  370.00  483.50  401.50  524.00  393.50  514.00  408.00  532.50 

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

Prices Evolution

Prices evolution
Source: ABARE

Table of the Week

Canada: Barley Supply and Disposition as of October 24, 2008
2006-2007 2007-2008f 2008-2009f
Seeded area, '000 ha 3,690 4,397 3,732
Harvested area, '000 ha 3,223 3,998 3,449
Yield, tonne/ha 2.97 2.75 3.25
Production, '000 metric tonnes 9,573 10,984 11,219
Imports, '000 metric tonnes 44 58 35
Total Supply, '000 metric tonnes 12,905 12,534 12,827
Exports, '000 metric tonnes 2,008 3,894 2,300
Food & Industrial Use, '000 metric tonnes 183 150 190
Feed, Waste, Dockage, '000 metric tonnes 8,840 6,597 8,337
Total Domestic Use, '000 metric tonnes 9,406 7,067 8,827
Carry-out Stocks, '000 metric tonnes 1,492 1,573 1,700
Average Price, CA$/tonne 165 214 180-210

f: forecast, Agriculture and Agri-Food Canada, October 24, 2008
EU Barley Area, Yield and Production 2008/09
Acreage in 1000 Ha, Yeld and Production in 1000 Tons
Table of the week * Figures are official crop estimates of Eurostat except for countries marked with a star, for which we filled in the estimates of Coceral
Graph of the Week



These Days in Business History
October 30
1894 Daniel Cooper patents time clock
1989 Mitsubishi Estate Co. agrees to pay $846 million for 51% of Rockefeller Center in New York City; by 1996, the Mitsubishi affiliate is so financially troubled that it sells Rockefeller Center for less than $400 million
1987 August A Busch III becomes CEO of St Louis Cards

October 31
1904 King Camp Gillette patents the safety blade and razor.
1938 Robert Edward was born, he started CNN (amid almost universal predictions of failure) in 1980.
1952 TV broadcasting begins in Belgium

November 01
1512 Michelangelo's paintings on ceiling of Sistine Chapel, 1st time exhibited
1765 Robert Fulton is born. He invents the world's first practical steamboat in 1807, and for the first time humans can safely travel substantial distances without relying on animals or wind
1894 Vaccine for diphtheria announced by Dr Roux of Paris

November 02
1927 John Sainsbury was born, Chairman of J Sainsbury plc (the parent company of Sainsbury's Supermarkets Ltd) since 1969; English billionaire
1928 Dupont introduces synthetic rubber
1992 1st test flight of Airbus A330
Agenda