If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?5561
E-Malt.com NewsLetter

Newsletter Summary





Last five newsletters


Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.



Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.



Last five prices evolutions


Last five scientific digests


Access to E-malt.com

User name

Password


Use the above form to have a full immediate access to E-malt.com site! Through the drop-down menu you can easily remind your username and password, change your username and password or even edit your account!




Do you know
E-malt.com?

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

Updated figures related to USA barley and malt trade with Mexico and Canada could be seen in NAFTA section of e-malt.com menu. To this purpose please enter e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!


E-malt.com Links!




Note

If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com


If you have received this newsletter from a colleague, you can obtain your own subscription here! You are not registered yet? You may register here.


You may recommend our site to your friend by clicking here.


If you do not wish to receive our newsletter, please unsubscribe your e-mail address from our mailing list by sending us an e-mail info@e-malt.com. Please take into consideration your registration data.



E-Malt.com Newsletter 15a
April 06 - April 08, 2009
Open!
Click here to get full size Newsletter


Quote of the week

"There are only two times when I drink beer, when I'm alone and when I'm with someone else"
Anonymous
Currency Rates
Base Currency: Euro, EUR
on 08-April-2009

1 EUR = 1.3324 USD
1 EUR = 0.9064 GBP
1 EUR = 1.6544 CAD
1 EUR = 1.8735 AUD
1 EUR = 133.948 JPY
1 EUR = 2.9719 BRL
1 EUR = 44.8013 RUB
1 EUR = 9.1209 CNY
Base Currency: US Dollar
on 08-April-2009

1 USD = 0.7506 EUR
1 USD = 0.6802 GBP
1 USD = 1.2416 CAD
1 USD = 1.4058 AUD
1 USD = 100.525 JPY
1 USD = 2.2304 BRL
1 USD = 33.6235 RUB
1 USD = 6.8453 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

April 08, 2009

Type Crop 2008 Crop 2009
2rs Barley EUR105.0-109.0 0.93% EUR132.0-136.0 0.74%
6rw Barley EUR100.0-104.0 0.97% EUR118.0-122.0
2rs Malt EUR320.5-324.5 0.46% EUR346.0-350.0 0.29%
6rw Malt EUR313.5-317.5 0.32% EUR327.5-331.5
Feed Barley EUR92.0-96.0 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

United Kingdom & Japan: Diageo and Kirin Brewery agree to form a joint venture in Japan ...Click here
China: Tsingtao Brewery reports a profitable 2008 ...Click here
CIS: Efes Breweries says sales volume grew 5.5%, net sales revenue increased by 24.1% in 2008 ...Click here
Belgium & China: AB InBev to invest initial US$40 mln in its new brewery in Hebei Province ...Click here
Philippines: San Miguel Brewery gains an 8% increase of net profit in Q1 2009 ...Click here
Russia: SUN InBev officially inaugurates a new brewery ...Click here
The Czech Republic: AB InBev in talks with Heineken to sell its Czech brewery - sources ...Click here
Chile: Chile’s largest brewer sees domestic sales drop, sales in Argentina jump 31.5% in Q1 2009 ...Click here
EU: Current malt prices might prove to be very attractive in retrospect – market observers ...Click here
Ukraine: Obolon brewery may export 30 thousand tonnes of malt in 2010 ...Click here
EU: The market reacts to an oversupply of barley - analysts ...Click here
Russia & Ukraine: 30% spring barley acres planted in Ukraine, Russia’s seeding just begun ...Click here
EU: Malting barley market plunged into depression, prices drop to unrewarding levels ...Click here
China: Barley imports total 203,000 tonnes in the first two months of 2009 ...Click here
EU: Croatia and Serbia to respect EU requirements to hops trade ...Click here




World: Diageo admits its most resilient markets are beginning to feel the effect of the global economic slowdown ...More Info
United States: Constellation Brands says its beer joint venture generated flat net sales in the fiscal 2009 ...More Info
Germany: Carlsberg creates a joint venture to increase sales and reduce costs ...More Info
Poland: Carlsberg Polska increases capacity ...More Info
United Kingdom: Diageo develops a campaign to encourage shoppers to buy more beer ...More Info
Ukraine: Carlsberg’s Ukrainian business reports a net loss for 2008 ...More Info
Russia: Ochakovo brewery increases exports by 25.1% in Q1 2009 ...More Info
Australia: Farmers wait for rain to sow their next barley crop ...More Info
Kenya: Keroche Breweries asks authorities to intervene in Kenya’s current ‘beer war’ ...More Info
United States, Australia & Singapore: Guinness offers first new stout in decades ...More Info
Kyrgyzstan: Imported beer stifles local brewers ...More Info
France: InBev France sells cafes in order to invest in its leading beers ...More Info
Czech Republic: Budweiser Budvar to construct a new warehouse for finished beer ...More Info
Ukraine: Beer sales may grow 4% under an optimistic scenario – industry participant ...More Info
United States: Vermont recognized as the state with the largest number of breweries per person ...More Info
United Kingdom: Lion Nathan to promote a new variant of New Zealand's largest selling exported beer ...More Info
India: State of Maharashtra sees beer sales following mercury in the thermometer ...More Info
Sierra Leone: Sierra Leone Brewery relaunches its flagship lager ...More Info
Go to our news database with more than 14723 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

United Kingdom & Japan: Diageo and Kirin Brewery agree to form a joint venture in Japan

Diageo plc and Kirin Brewery Co., Ltd. announced on April, 6 an agreement to form a joint venture in Japan to expand distribution of Diageo products and contribute to the growth objectives of both companies.

According to an official statement, the joint venture company, to be named Diageo Kirin Company, Limited, will be 51% owned by Diageo and 49% by Kirin, and is expected to begin operations in June, 2009.

Combining the capabilities and expertise of both companies, the new firm will develop the overall business strategy for Diageo premium brands to be sold by Kirin in Japan. It will also provide nationwide brand marketing support to both companies, and modern on-trade sales support in the Tokyo, Osaka and Nagoya metropolitan areas.

The Diageo premium brands to be sold by Kirin and distributed through Kirin's nationwide distributor network will include Guinness, Kilkenny and Smirnoff Ice, plus brands already handled by Kirin, namely Captain Morgan rum, Crown Royal, Gilbey's Gin, Gilbey's Vodka, Godiva, Myers's rum, Seagram's Seven Crown and Seagram VO.

Diageo noted that Kirin has a sophisticated distribution network that extends nationwide, and has a strong sales pedigree in the Japanese beer market. This provides an optimal platform from which to expand Diageo's premium ...More Info


China: Tsingtao Brewery reports a profitable 2008

Tsingtao Brewery Co. said its 2008 net profit rose 25.3% as higher sales more than offset rising raw material costs, Dow Jones reported on April, 8.

Net profit for the 12 months ended Dec. 31 was 699.55 million yuan, up from CNY558.14 million recorded the previous year, according to Chinese accounting standards.

The Hong Kong- and Shanghai-listed brewer said its 2008 revenue rose to CNY16.02 billion from CNY13.71 billion in 2007.

According to international accounting standards, Tsingtao Brewery's 2008 net profit totaled CNY699.55 million, up 29.8% from CNY538.91 million in 2007.

Tsingtao Brewery is China's second-largest beer maker by sales volume after China Resources Snow Breweries Co.


CIS: Efes Breweries says sales volume grew 5.5%, net sales revenue increased by 24.1% in 2008

Efes Breweries International N.V. (“EBI”) announced on April, 3 its consolidated audited financial results for the year ended 31 December 2008 in accordance with IFRS.

In 2008 the brewer’s consolidated sales volume reached 14.05 mln hl recording a growth of 5.5% over the previous year.

Sales volume growth on an organic basis* was 4.6% in the year. Fourth quarter sales volume was down slightly compared to a year ago, due to the effects of a sharp economic slowdown in the region of Efes’ activities combined with the strong base of last year.

In 2008, EBI’s consolidated net sales revenue increased by 24.1% year on year and reached US$1,038.0 million. Net revenue per hl increased by 17.7% on the back of local currency price increases.

On an organic basis (by excluding the effect of Georgia and Serbia), EBI’s consolidated net revenue growth was 20.8% in the year.

The negative impact of commodity price inflation (especially malt and PET packages) combined with the slowing sales volume growth in the second half of the year resulted in EBI’s cost of sales per hl in 2008 to increase 25.9% over the previous year. Accordingly gross profit margin contracted to 40.9% from 44.7% in 2007.

EBI’s general & administrative expenses ...More Info


Belgium & China: AB InBev to invest initial US$40 mln in its new brewery in Hebei Province

Anheuser-Busch InBev, the world’s largest brewer, will spend initial US$40 million this year to complete the first phase of a new brewery project in China, China Knowledge cited a local Commercial Bureau on April, 8.

The Belgian brewer has chosen as site for its new unit Fengnan District, Tangshan City, Hebei Province, it is reported.

According to sources, when the first phase of construction is complete, the facility will have a beer production capacity of 310,000 tons.

The company plans to invest a total of US$80 million in the project, which will cover 160,000 square meters.

The new facility will replace the downtown brewery, which AB InBev has agreed to close in accordance with the local government's plans to develop the city's downtown as a primarily commercial and residential area.


Philippines: San Miguel Brewery gains an 8% increase of net profit in Q1 2009

San Miguel Brewery said its first-quarter net profit rose 8 percent from a year earlier to 2.66 billion pesos ($55.5 million), aided by cost cuts and stable raw material prices, Reuters reported on April, 8.

The beermaking unit of San Miguel Corp, Southeast Asia's biggest food and drinks firm, said January-March net sales revenue stood at 12.43 billion pesos, marginally higher than the same period last year.

Despite weak economic conditions, operating income during the first quarter amounted to P3.80 billion ($79.17 million), a slight increase from the same period last year.

SMB recently completed a record-breaking P38.8-billion ($808-million) bond offering — the largest debt ever offered by a corporate issuer in the Philippines — to purchase the domestic beer brands and lands assets from its parent company SMC.

"As brand owner, SMB would be able to maximize the use of existing brands, at the same time, develop its own brands that would cater to varied customer needs," the beer unit said.


Russia: SUN InBev officially inaugurates a new brewery

The opening ceremony of SUN InBev’s Angarsk brewery has taken place on April, 7, the company reported on the same day.

The Protocol to the Agreement on social and economic cooperation with the Government of Irkutsk region was signed during the ceremony. The document sets cornerstone principles of mutually beneficial cooperation of both parties in the field of realization of investment, production and social projects.

The Company started construction of Angarsk brewery in 2006. Since then the investments to the project exceeded 150 mln euro. Actual capacity of the plant is 1.8 mln hl and it is already producing such brands as Sibirskaya Korona, Klinskoye, Tolstyak, Zolotaya Angara.

Speaking at the press-conference during the ceremony, the head of SUN InBev Mr TunÇ Cerrahoğlu stated: “Angarsk brewery is the eastern outpost of SUN InBev in Russia. The new enterprise is mainly focused on meeting the demand for high quality beer in Central, Eastern Siberia and Far East. And it is a huge region with prospective opportunities.”

SUN InBev OJSC is the Russian subsidiary of the Belgium-based world’s largest brewer Anheuser-Busch InBev.


The Czech Republic: AB InBev in talks with Heineken to sell its Czech brewery - sources

According to media reports, the world’s largest brewer, Anheuser-Busch InBev is in talks with Heineken to sell its Czech unit, Pivovary Staropramen, Trading Markets posted on April, 6.

The companies declined any comment on the report.

The Belgian brewer needs to raise proceeds in order to repay debt related to the acquisition of Anheuser.

Pivovary Staropramen, which is the second-biggest brewery in the Czech Republic, has been valued at CZK5 bln - 6 bln (USD255 mln -306 mln; EUR189 mln – 226 mln).

Almost exactly a year ago, Heineken’s takeover of the Czech Drinks Union brands was given the green light. That move pushed Heineken into third place on the Czech market, just ahead of the legendary Budweiser Budvar, but still lower than Heineken’s traditional market share. At the time, analysts sagely noted that Heineken doesn’t enter a market to take third place.

By purchasing Staropramen — and thus the group’s other brands Braník, Měšťan, Ostravar, Kelt, Velvet and Vratislav — Heineken would move to a very solid second place behind SAB Miller’s Pilsner Urquell group, standing roughly three times larger than still-state-owned Budweiser Budvar in third place (with around 30% of the Czech market vs. about 10%). It would combine the ...More Info


Chile: Chile’s largest brewer sees domestic sales drop, sales in Argentina jump 31.5% in Q1 2009

Compania Cervecerias Unidas SA (CCU), Chile’s largest brewer, reported on April, 7 its preliminary first quarter consolidated volumes.

In Chile, beer sales fell 4.0% on the year to about 1.5 mln hl, CCU said.

Argentina, which accounts for about a quarter of consolidated volumes, saw a 31.5% jump in beer sales during the period (to about 1.12 mln hl).

The company said it plans to release its consolidated first quarter results by the last week of April.

CCU is a diversified beverage company operating principally in Chile and Argentina. CCU is the largest Chilean brewer and the second-largest Argentine brewer.

The company has licensing agreements with Heineken Brouwerijen B.V., Anheuser-Busch Incorporated, Paulaner Brauerei AG, Guinness Brewing Worldwide Limited, and other beverage companies.


Malt News

EU: Current malt prices might prove to be very attractive in retrospect – market observers

Earlier this week, market observers said they could not report any market action concerning malt.

According to sources, malt prices for 2009 are somewhere between EUR 300,- and 330,-, depending on location and sales book of the offering party.

Russia would certainly sell well below EUR 300,-, FOB Baltic Sea ports, in bulk in vessel. This price, however, is meaningless, as there are no buyers, experts state.

New crop prices for delivery in 2010 are around EUR 340,- and 350,- in domestic markets, and somewhere around 350,-, FOB in bulk in container.

Most brewers will not buy yet, because they fear the effects of the recession. However, the above prices will probably prove to be very attractive in retrospect, they can hardly be lower, but certainly higher in case of an improved economy, good summer beer sales or crop problems, analysts said.


Ukraine: Obolon brewery may export 30 thousand tonnes of malt in 2010

Obolon, one of Ukraine’s leading brewers, may start to export malt produced at its Khmelnitsk malthouse next year, Valentina Mikusevich, Obolon’s quality assurance director, was quoted as saying by RBC-Ukraine on April, 6.

“At the moment we produce high-quality malt just for our needs. In future, we plan to procure more barley and sell our malt abroad. We have received several proposals to export our malt to Slovenia, Germany, and Russia,” Ms Mikusevich said.

She noted that Obolon’s malting capacity is about 120 thousand tonnes per year. Thus, subject to its own malt needs, the company may export about 30 thousand tonnes.

The malthouse in Khmelnitsk region was launched in 2008. Obolon’s total investments in the plant amounted to UAH500 mln.


Barley News

EU: The market reacts to an oversupply of barley - analysts

According to the latest estimates, EU’s barley surplus is to amount to 23.8 mln tonnes in the crop year 2008/2009, analysts communicated earlier this month.

The exports of barley and malt in the current season are expected to amount to 6.5 mln tonnes. About 1.0 mln tonnes of barley are forecast to be purchased for intervention stocks. The carryover stocks are expected to amount to 8.0 mln tonnes, leaving an unaccounted surplus of 8.3 mln tonnes.

As reported by industry participants, markets of feed and malting barley reacted to the unsaleable oversupply; feed barley is either tendered to intervention, so far close to half a million tons, or is marketed at prices between EUR 95,- and 100,-, which is at or below the intervention price.

EU feed barley is not competitive in world markets, because intervention protects EU markets from dropping much below the 100 Euro level.

As from the marketing year of 2010/11, barley intervention will cease to exist.

Export licences of 130,000 tons in March were booked – to a large part – for malting barley shipments to China. Feed compounders purchased very small quantities in March, they are running down their stocks as consequence of the economic crisis and a difficult credit situation.


Russia & Ukraine: 30% spring barley acres planted in Ukraine, Russia’s seeding just begun

Only 30% of the intended spring barley acres have been planted in Ukraine, industry sources informed at the end of last month.

In the black soil area of Russia, seeding just started, it is reported.

Lower yields than last year are likely, because of later planting dates, less usage of certified seed, less fertilizer and other input.

The carry-over of old crop barley will be substantial so that the Black Sea countries will remain aggressive exporters, experts state.


EU: Malting barley market plunged into depression, prices drop to unrewarding levels

EU’s malting barley market is plunged into depression, market sources reported this week.

Analysts expect an unsold carry-over above 1 mln tonnes by the end of the crop year, which represents an additional one to one and a half months supply beyond the normal carry-over stocks.

Relief came from exports of an estimated 600,000 tons to third countries, two thirds of it to China. Nevertheless prices dropped to unrewarding levels, endangering the production of malting barley in 2009 and beyond, it is reported.

Old crop markets are (for small volumes only) French barley, basis July, FOB Moselle: 6rw EUR 105,-, 2rs 112,-, German 2rs, April, delivered maltings EUR 130,- to 135,-.

New crop prices have also come under much pressure during the month, as industry and trade abstained from buying. Price levels are: French, basis July 2009, FOB Creil 6row Esterel/Aruzel EUR 120,- Cervoise 110,-, 2rs Sebastian 137,-.

The premium for the parity Moselle is only EUR 6,-/7,-, for delivery in Jan/June EUR 2,- (apart from the carrying charge). Danish 2rs, Oct 2009, FOB seaport, is quoted at EUR 145,-, U.K. 2rs, same position, 143,-. German 2rs, delivered maltings, ex harvest, EUR 145,-, Oct 160,-.


China: Barley imports total 203,000 tonnes in the first two months of 2009

China’s barley imports totalled about 203,000 tonnes in January – February this year, industry observers communicated earlier this month.

According to sources, China imported 103,000 tonnes of barley from Canada, 64,000 tonnes – from France, and 36,000 tonnes - from Australia.

As Chinese farmers were disappointed by malting barley markets, a smaller barley acreage seems possible for 2009, experts inform.


Hops News

EU: Croatia and Serbia to respect EU requirements to hops trade

Croatia and Serbia have undertaken to respect the requirements established by the European Commission regarding trade in hops and hop products, the executive body reported on April, 1.

The two nations agreed to create each an authority of which the principal function will be dealing with certification issues.

Scientific Digest

Alternative Paradigms for the Production of Beer

Stephen T. Russell, R. Paul Singh and Charles W. Bamforth

Abstract:
J. Inst. Brew. 114(4), 349–356, 2008 Without consideration of feasibility from perspectives of quality, acceptability to producer or consumer or legal and taxation implications, we have explored the relative cost and environmental implications of new paradigms for the production of beer. An approach based on the flavouring of a purchased bland alcohol source is the most advantageous from this perspective, followed by one based on the in-house fermentation of a sugar syrup. When compared to the conventional process, these processes provide a range of 2.8 to 73.1% savings for the parameters analysed, which were energy and water usage, carbon dioxide production and effluent production. The largest savings are observed for the water usage parameter, while the smallest difference is seen for specific energy consumption. Key words: Brewing, carbon dioxide, comparison, cost, effluent, energy, new paradigms, water. Load full article, 8 pages, 1121 Kb, PDF file

Barley Prices

French Malting Barley Prices. Nominal prices
EURO = USD 1.3324 April 08, 2009 
 Crop year   2008   2009 
 Parity   FOB Creil   FOB Creil 
 Position   July 2008   July 2009 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  109.00  145.50  136.00  181.50 
2RS  Prestige  108.00  144.00  135.00  180.00 
2RS  Cellar  107.00  142.50  134.00  178.50 
2RS  Sebastien  106.00  141.50  133.00  177.50 
2RS  Tipple  106.00  141.50  133.00  177.50 
2RS  Henley  106.00  141.50  133.00  177.50 
6RW  Esterel   102.00  136.00  120.00  160.00 

French Feed Barley Prices. Nominal prices
EURO = USD 1.3324 April 08, 2009, 2009
Crop year 2008
Parity FOB Creil
Position July 2008
Type EURO USD
Feed Barley 94.00 125.25


Theoretical Malt Prices

EURO = USD 1.3324 April 08, 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  325.00  433.00  356.50  474.50  348.50  464.50  363.00  483.50 
2RS  Prestige  324.00  431.50  355.00  473.00  347.50  463.00  361.50  482.00 
2RS  Cellar  322.50  430.00  354.00  471.50  346.50  461.50  360.50  480.50 
2RS  Sebastien  321.50  428.50  352.50  470.00  345.00  459.50  359.50  478.50 
2RS  Tipple  321.50  428.50  352.50  470.00  345.00  459.50  359.50  478.50 
2RS  Henley  321.50  428.50  352.50  470.00  345.00  459.50  359.50  478.50 
2RS   Average price  322.50  430.00  354.00  471.50  346.50  461.50  360.50  480.50 
6RW  Esterel   315.50  421.50  347.50  463.50  340.00  453.00  354.50  472.00 
Asia Malt 70/30  321.00  427.50  352.00  469.00  344.50  458.50  358.50  477.50 
**  Asia Malt 50/50  319.50  426.00  351.00  467.50  343.00  457.00  357.50  476.00 


EURO = USD 1.3324 April 08, 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  350.50  466.50  381.50  508.50  374.00  498.00  388.00  517.00 
2RS  Prestige  349.00  465.00  380.50  506.50  372.50  496.50  387.00  515.50 
2RS  Cellar  348.00  463.50  379.00  505.00  371.50  495.00  385.50  513.50 
2RS  Sebastien  346.50  462.00  378.00  503.50  370.00  493.00  384.50  512.00 
2RS  Tipple  346.50  462.00  378.00  503.50  370.00  493.00  384.50  512.00 
2RS  Henley  346.50  462.00  378.00  503.50  370.00  493.00  384.50  512.00 
2RS   Average price  348.00  463.50  379.00  505.00  371.50  495.00  385.50  513.50 
6RW  Esterel   329.50  440.50  362.00  482.00  354.00  472.00  368.50  491.00 
Asia Malt 70/30  342.50  456.50  374.00  498.00  366.50  488.00  380.50  507.00 
**  Asia Malt 50/50  339.50  452.00  370.50  493.50  363.00  483.50  377.00  502.50 

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

World Barley Supply & Demand

  Area harvested mln ha Yield mt/ha Production mln mt Exports mln/mt Feed dom. consumption mln mt Domestic consumption mln mt Ending stocks mln mt
1986/87 79.6 2.2 178.1 18.3 132.1 173.8 33.8
1987/88 78.7 2.2 175.4 18.3 129.6 173.5 33.6
1988/89 76.4 2.2 164.4 19.0 121.9 166.3 31.7
1989/90 73.7 2.3 166.1 18.5 126.0 170.4 27.5
1990/91 72.9 2.5 179.5 19.6 130.8 175.5 31.5
1991/92 76.5 2.2 169.8 19.4 120.3 166.5 34.8
1992/93 73.1 2.3 166.2 16.4 119.0 165.6 34.9
1993/94 73.8 2.3 168.9 18.8 123.8 169.1 34.8
1994/95 72.8 2.2 160.7 15.3 120.9 165.6 29.9
1995/96 68.6 2.1 141.2 13.4 107.8 150.7 20.4
1996/97 65.6 2.3 153.1 17.9 106.3 149.5 23.9
1997/98 64.5 2.4 153.9 12.8 104.1 145.9 31.9
1998/99 60.8 2.2 136.0 17.8 99.5 139.4 28.6
1999/00 54.5 2.3 127.4 17.8 94.0 132.5 23.5
2000/01 53.9 2.5 133.1 16.2 94.7 134.4 22.2
2001/02 56.3 2.5 143.3 17.2 95.5 136.7 28.9
2002/03 56.2 2.4 135.0 16.3 94.9 137.1 26.7
2003/04 59.8 2.4 142.5 14.8 102.5 146.7 22.5
2004/05 58.0 2.6 152.7 17.0 99.7 142.4 32.8
2005/06 56.2 2.4 136.8 17.6 96.3 141.0 28.5
2006/07 57.4 2.4 137.4 14.5 99.3 144.9 21.0
2007/08 58.1 2.3 134.4 18.6 91.2 135.4 20.1
2008/09f 55.8 2.8 154.5 18.4 99.5 145.1 29.5
Source: USDA, March 2009
Graph of the Week


Czech Hop Growers Association

These Days in Business History
March 6
1899 "Asprin" patented by Felix Hoffmann
1926 Alan Greenspan, future chairman of the Federal Reserve, is born in New York City
1959 At a press conference in New York City, Texas Instruments executives demonstrate a new device invented by one of the company’s top engineers, Jack S. Kilby – the “integrated circuit.”

March 7
1876 Alexander Graham Bell receives U.S. Patent for his “Improvement in Telegraphy.
1878 The Toronto Stock Exchange is incorporated
1932 Thousands of Ford Motor Co. workers stage a "Hunger March" to the immense River Rouge factory complex, protesting Henry Ford's decision to cut the company's minimum wage from $7 per day to $4 per day.

March 8
1706 Vienna's Wiener Stadtbank established
1927 Pan American Airlines (World Airways) incorporates
1946 1st helicopter licensed for commercial use
Agenda