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E-Malt.com Newsletter 14b
April 02 - April 05, 2009
Open!
Click here to get full size Newsletter


Quote of the week

"Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort"
Franklin D. Roosevelt
Currency Rates
Base Currency: Euro, EUR
on 03-April-2009

1 EUR = 1.3333 USD
1 EUR = 0.9143 GBP
1 EUR = 1.669 CAD
1 EUR = 1.8855 AUD
1 EUR = 132.119 JPY
1 EUR = 3.0088 BRL
1 EUR = 44.8668 RUB
1 EUR = 9.1251 CNY
Base Currency: US Dollar
on 03-April-2009

1 USD = 0.7501 EUR
1 USD = 0.6857 GBP
1 USD = 1.2518 CAD
1 USD = 1.4143 AUD
1 USD = 99.0905 JPY
1 USD = 2.2567 BRL
1 USD = 33.6517 RUB
1 USD = 6.8442 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

April 03, 2009

Type Crop 2008 Crop 2009
2rs Barley EUR106.0-110.0 0.92% EUR133.0-137.0
6rw Barley EUR101.0-105.0 0.96% EUR118.0-122.0
2rs Malt EUR322.0-326.0 0.61% EUR347.0-351.0
6rw Malt EUR314.5-318.5 0.78% EUR327.5-331.5
Feed Barley EUR92.0-96.0 1.05% 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 expects slower growth in African lager volumes in the next fiscal year ...Click here
Austria: Domestic beer output rises 2.2% in 2008 – Brewers Union ...Click here
South Korea & Japan: Hite Brewery reports a 129.4% increase in earnings from exports to Japan in 2008 ...Click here
New Zealand: Asia Pacific Breweries incorporates three more NZ companies ...Click here
The Czech Republic: Budweiser Budvar Brewery satisfied by cooperation with AB InBev and Carlsberg ...Click here
Philippines: San Miguel Brewery’s bond offer fetches more than the initial target ...Click here
EU: Malting barley sees no consumers’ interest ...Click here




Estonia: A. Le Coq brewery now holding 41% of the Estonian retail market ...More Info
Russia: A successful 2008 makes possible a 64% rise of the amount of dividends per share in Baltika Breweries ...More Info
The Czech Republic: SABMiller’s Radegast Birell is the leading brand among the increasingly popular non-alcoholic Czech beers ...More Info
Benelux: AB InBev merges its Belux and Netherlands units ...More Info
Belgium & United Kingdom: Belgian microbrewer introduces a premium wheat beer targeting British women ...More Info
Russia: Heineken launches licensed Guinness Original, Foreign Extra Stout not wanted by Russian consumers ...More Info
United States: Midwestern brewers and Wisconsin hops and barley farmers join forces to produce local beer ...More Info
Belarus: Olivaria is the only brewery managing to increase production in crisis – acting CEO ...More Info
Malawi: Beer price hike takes consumers by surprise ...More Info
Go to our news database with more than 14689 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Africa: SABMiller expects slower growth in African lager volumes in the next fiscal year

Brewing giant SABMiller Plc said growth in lager volumes may brake in Africa, one of its top performing regions, next fiscal year as the global crisis reaches the poorest continent, Reuters reported on April, 1.

The brewer of Peroni and Grolsch said it would keep beer volumes rising given African economies are relatively well cushioned from the world economic slowdown, but said the ripple effects were already being felt.

"For beer, we are certainly expecting volume growth, but the extent to which it matches this year I don't know," Mark Bowman, managing director for SABMiller Africa, said in an interview.

He said lager growth had already slowed slightly in the fourth quarter compared to a 4 percent rise in underlying African volumes in the three months to end December.

"My gut feeling is it will be slower (next fiscal year), but we would be very surprised to lose growth."

Excluding South Africa, Africa accounts for an estimated 10 percent of earnings at London-based SABMiller, the world's No. 2 brewer after the Belgian Anheuser-Busch InBev.

Bowman said that including its soft drinks and traditional beer business, which together comprise half the region's sales, the firm expects double digit volume growth this year and next. SABMiller is ...More Info


Austria: Domestic beer output rises 2.2% in 2008 – Brewers Union

Austria’s 173 breweries produced 8.546 mln hl of beer in 2008, Brewers Union of Austria wrote in its annual report published at the end of March.

The domestic beer output rose 2.2% compared to the previous year.

The total revenue of the Austrian brewing industry amounted to more than EUR1 bln and the total tax proceeds from beer constituted more than EUR700 mln.

Austria’s total beer consumption estimate for 2008 is 9.126 mln hl (+ 1.45% compared to 2007). The per capita beer consumption is estimated at 109.3 litres (108.2 litres in 2007).


South Korea & Japan: Hite Brewery reports a 129.4% increase in earnings from exports to Japan in 2008

South Korea’s Hite Brewery said exports to Japan more than doubled in 2008 as compared to the previous year, Chosun.com reported on April, 3.

The company said its export earnings amounted to US$16.07 mln, up 129.4% from 2007.

Hite Brewery exports some dozen beer brands to Japan including Prime the Beer and Prime Draft.

"Our success is due to strict localization strategies that include securing distribution channels through closely monitored operation and developing products that appeal to Japanese tastes," the brewery said in a press release.


New Zealand: Asia Pacific Breweries incorporates three more NZ companies

Asia Pacific Breweries announced on April, 2 that its indirect wholly owned subsidiaries in New Zealand have incorporated three new companies.

The brewer’s subsidiaries, Barworks Group Limited (“BWGL”), and Barworks Holdings Limited (“BHL”), now include the following companies:

1. Hurstmere Pubs Limited, in which BWGL holds a 75% stake, with the remaining 25% stake held by BHL. The initial paid up share capital of the aforesaid entity is NZ$268,100.

2. Riccarton Hospitality 2007 Ltd, in which BWGL holds a 75% stake, with the remaining 25% stake held by BHL. The initial paid up share capital of the aforesaid entity is NZ$1,085,300. 3. Gaults on Quay (2009) Limited, in which BWGL holds a 90% stake, with the remaining 10% stake held by BHL. The initial paid up share capital of the aforesaid entity is NZ$1,680,000.

BWGL is a wholly owned subsidiary of DB Breweries Limited which in turn is a wholly owned subsidiary of the Company. BHL is a wholly subsidiary of BWGL.

The new companies have been incorporated for the purposes of investing in food and beverage outlets in New Zealand.

Additionally, BWGL has also entered into a joint venture with the Keppel Brown Trust to form a new company, Market St Holdings Limited (“MSHL”). ...More Info


The Czech Republic: Budweiser Budvar Brewery satisfied by cooperation with AB InBev and Carlsberg

The Czech Budweiser Budvar Brewery posted on March, 31 it was very satisfied with the international sales increase of its beer in 2008.

At the beginning of 2007, Budweiser Budvar, N.C. entered into import contracts regarding beer sales and distribution with supranational brewing groups Anheuser-Busch InBev and Carlsberg Breweries A/S.

In 2008, the business cooperation took place in seven countries. Anheuser-Busch InBev has been selling Budweiser Budvar Premium Lager within the USA whereas the Danish group Carlsberg has been handling the distribution in Bulgaria, Denmark, Finland, Croatia, Serbia and Sweden. Additionally, Carlsberg took over the sales of Budweiser Budvar beer also in Bosnia and Herzegovina in 2009.

“We are very satisfied with the results of the cooperation with the supranational brewing concerns. The seven countries our partners look after saw an overall year-on-year sales increase of Budweiser Budvar beer by 15.3 %,” says Budweiser Budvar’s export sales manager Renata Pánková.

The 2008 export to these countries reached the total volume of 31,924 hectolitres of beer.

“I most value the results on the largest markets of this group. The year-on-year sales increase in the USA amounted to 7 % along with even larger increase of 27 % in Croatia,” adds Renata Pánková.

The pale ...More Info


Philippines: San Miguel Brewery’s bond offer fetches more than the initial target

The beer unit of conglomerate San Miguel Corp. has raised a bigger amount than its target from its bond offering, GMANews.TV reported on April, 4.

San Miguel Brewery Inc. said it completed the offering of the peso-denominated bond worth P38.3 billion.

The offering fetched a total amount of P38.8 billion.

The bond offering had three series: Series A, which has aggregate principal amount of P13.59 billion having a term of three years beginning April 3, 2009 and ending on April 3, 2012, with a fixed interest rate of 8.25 percent per annum; Series B with an aggregate principal amount of P22.4 billion with a fixed term of five years and one day beginning on issue data and ending on April 4, 2014; Series C with an aggregate amount of P2.81 billion with a 10-year terms and a fixed interest rate of 10.5 percent per annum.

The bond, which is seen as the country’s biggest ever bond offer, will pay for the beer brands, intellectual property rights and property from San Miguel.

San Miguel has disclosed that it would sell the beer brands worth P32 billion and land on which the breweries stand at P6.8 billion to SMBI.

SMBI had appointed UBS as its financial adviser.


Barley News

EU: Malting barley sees no consumers’ interest

The EU’s malting barley market is still rarely sought after by consumers, La Depeche published on April, 3.

There are no records of deals concerning the 2008 crop. Actually, decreasing beer consumption forced brewers to reduce their purchases.

Industry experts expect reports of huge barley stocks across all Europe, which is pressing down the prices of the next crop.

The feed barley market of the European Union is completely deserted, it is reported. The demand is rare and the offers are very limited.

Scientific Digest

Evaluation of Ideal Everyday Italian Food and Beer Pairings with Regular Consumers and Food and Beverage Experts

Gianluca Donadini, Giorgia Spigno, Maria Daria Fumi and Roberto Pastori

Abstract:
J. Inst. Brew. 114(4), 329–342, 2008 The aim of this study was to investigate the relationship between the sensory characteristics of beer and food that harmonically complement each other respectively from the consumer or the sommelier point of view. With this in view, the most desirable beer and everyday Italian food combinations were explored. Eighteen beer samples, easily available in the off-premise chain in Italy, and 9 dishes of Italian cuisine, were selected. The level of match of each beer and food combination was determined by a group of 51 consumers and by seven food experts using a 9- point Likert-like scale of suitability. Agreements and disagreements between food professionals and consumers were studied and discussed. Generally speaking, most of the dishes were poor complements to the beers selected for this study, for both regular consumers and experts. In particular, seafood salad, spaghetti with tomato sauce and creamed vegetable soup were inappropriate to nearly all of the beer samples overall. However, both consumers and experts found appropriate and interesting beer and food pairing choices, despite usually indicating different ideal beer samples and different levels of match for the same food. This confirmed that certain flavours of food and beer mix together better than others and indicates that consumers may have a different perception of the level of match between beer and food from experts. For regular consumers, the suitability to food was found to positively correlate with the sensory liking of beer. Furthermore the pairing suitability was not equivalent across consumer gender and age class, although these differences had a moderate to weak effect on the level of the final match. Correlations between sensory properties of food and beer samples are reported and discussed. Key words: beer, beer flavour, food, food pairing, pairing methods, sommelier. Load full article, 14 pages, 469 Kb, PDF file

Barley Prices

French Malting Barley Prices. Nominal prices
EURO = USD 1.3333 April 03, 2009 
 Crop year   2008   2009 
 Parity   FOB Creil   FOB Creil 
 Position   July 2008   July 2009 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  110.00  147.00  137.00  183.00 
2RS  Prestige  109.00  145.50  136.00  181.50 
2RS  Cellar  108.00  144.00  135.00  180.00 
2RS  Sebastien  107.00  143.00  134.00  179.00 
2RS  Tipple  107.00  143.00  134.00  179.00 
2RS  Henley  107.00  143.00  134.00  179.00 
6RW  Esterel   103.00  137.50  120.00  160.00 

French Feed Barley Prices. Nominal prices
EURO = USD 1.3333 April 03, 2009, 2009
Crop year 2008
Parity FOB Creil
Position July 2008
Type EURO USD
Feed Barley 94.00 125.33


Theoretical Malt Prices

EURO = USD 1.3333 April 03, 2009, 2009 
Crop year  2008 
Parity  FOB Antwerp 
Position  Apr 2009 - Sept 2009 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO USD EURO  USD EURO USD  EURO  USD
2RS  Scarlett  326.50  435.00  357.50  476.50  350.00  466.50  364.00  485.50 
2RS  Prestige  325.00  433.50  356.50  475.00  348.50  465.00  363.00  484.00 
2RS  Cellar  324.00  432.00  355.00  473.50  347.50  463.50  361.50  482.00 
2RS  Sebastien  322.50  430.50  354.00  472.00  346.50  461.50  360.50  480.50 
2RS  Tipple  322.50  430.50  354.00  472.00  346.50  461.50  360.50  480.50 
2RS  Henley  322.50  430.50  354.00  472.00  346.50  461.50  360.50  480.50 
2RS   Average price  324.00  432.00  355.00  473.50  347.50  463.50  361.50  482.00 
6RW  Esterel   316.50  423.50  349.00  465.50  341.50  455.00  355.50  474.00 
Asia Malt 70/30  322.00  429.50  353.50  471.00  345.50  460.50  360.00  479.50 
**  Asia Malt 50/50  321.00  427.50  352.00  469.50  344.50  459.00  358.50  478.00 


EURO = USD 1.3333 April 03, 2009
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  351.50  468.50  382.50  510.50  375.00  500.00  389.50  519.00 
2RS  Prestige  350.50  467.00  381.50  508.50  374.00  498.50  388.00  517.50 
2RS  Cellar  349.00  465.50  380.50  507.00  372.50  496.50  387.00  515.50 
2RS  Sebastien  348.00  463.50  379.00  505.50  371.50  495.00  385.50  514.00 
2RS  Tipple  348.00  463.50  379.00  505.50  371.50  495.00  385.50  514.00 
2RS  Henley  348.00  463.50  379.00  505.50  371.50  495.00  385.50  514.00 
2RS   Average price  349.00  465.50  380.50  507.00  372.50  496.50  387.00  515.50 
6RW  Esterel   329.50  441.00  362.00  482.50  354.00  472.00  368.50  491.00 
Asia Malt 70/30  343.50  458.00  374.50  499.50  367.00  489.50  381.50  508.50 
**  Asia Malt 50/50  340.00  453.00  371.00  494.50  363.50  484.50  377.50  503.50 

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

China Malt Exports 2007 - 2008

Destination 2007
tonnes
2008
tonnes
Brazil - 53 405
Burma - 6 161
Cambodia 1`750 5`890
Djibouti - 528
Ethiopia - 1 472
Hong Kong 445 4
India 2 905 3 710
Indonesia 905 1`389
Iran 22 -
Japan 866 1`251
Kazakhstan 59 103
Kyrgyzstan - 540
Malaysia 2 519 11 708
Mongolia 4 298 6 174
Myanmar 2 585 -
North Korea 812 715
Philippines 2 162 33 942
Russia 22 018 12 319
Singapore 35 6 038
South Korea 36 014 46 177
Sri Lanka 3 788 6 607
Tajikistan 1 037 1 225
Taiwan 45 838 41 244
Thailand 7`358 22`123
Turkmenistan 146 240
USA 1 11
Uzbekistan 5 113 659
Vietnam 45 295 50 600
Total 185`971 314`235
Graph of the Week


Czech Hop Growers Association

These Days in Business History
April 2
1850 City of Los Angeles incorporated
1875 Walter P. Chrysler is born in Wamego, Kansas. He goes on to found the Chrysler Corp. as successor corporation to the failing Maxwell Motor Car Co. in 1925 and to buy Dodge Brothers, Inc., in 1928.
1961 The first patent for an integrated circuit is awarded to Fairchild Semiconductor’s Robert Noyce, who later co-founds Intel Corp. with Gordon Moore.

April 3
1783 Sweden and U.S. sign a treaty of Amity and Commerce
1948 The U.S. Congress passes (and Pres. Harry S. Truman immediately signs) the Marshall Plan to finance the reconstruction of Western Europe after the devastation of World War II--helping to keep Communism at bay and laying the groundwork for the global economic boom of the 1950s.
1994 Netscape Communications founded as Mosaic Communications

April 4
1460 University of Basle in Switzerland forms.
1828 Casparus van Wooden patents chocolate milk powder (Amsterdam)
1996 AT&T Corp. spins off 112 million shares of Lucent Technologies Inc. at an initial price of $27 per share, raising $3.02 billion in what is, so far, the biggest IPO of all time.

April 5
1768 1st U.S. Chamber of Commerce forms
1889 George Eastman places Kodak Camera on sale for 1st time
Agenda