If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?5875
E-Malt.com NewsLetter

Newsletter Summary





Industry Job Opportunities


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 28b
July 09 - July 12, 2009
Open!
Click here to get full size Newsletter


Quote of the week

"To improve is to change; to be perfect is to change often."
Winston Churchill
Currency Rates
Base Currency: Euro, EUR
on 10-July-2009

1 EUR = 1.3954 USD
1 EUR = 0.8624 GBP
1 EUR = 1.6214 CAD
1 EUR = 1.7844 AUD
1 EUR = 129.801 JPY
1 EUR = 2.8126 BRL
1 EUR = 44.4844 RUB
1 EUR = 9.5491 CNY
Base Currency: US Dollar
on 10-July-2009

1 USD = 0.7167 EUR
1 USD = 0.618 GBP
1 USD = 1.162 CAD
1 USD = 1.2789 AUD
1 USD = 93.0269 JPY
1 USD = 2.0157 BRL
1 USD = 31.88 RUB
1 USD = 6.8434 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

July 10, 2009

Type Crop 2008 Crop 2009
2rs Barley EUR112.0-116.0 EUR129.0-133.0 1.50%
6rw Barley EUR107.0-111.0 EUR120.0-124.0
2rs Malt EUR328.0-332.0 EUR339.5-343.5 0.58%
6rw Malt EUR321.0-325.0 EUR327.0-331.0
Feed Barley nq    EUR94.0-98.0

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

Belgium: AB InBev sets late July as deadline for bids in sale of its European operations - report ...Click here
Europe: SABMiller cuts annual volume growth target for Europe to 2 - 4 percent ...Click here
Japan: Total beer shipments grow just 0.2% in the first half of this year, Kirin leads for the first time in three years ...Click here
Chile: Brewer CCU reports preliminary Q2 and H1 results ...Click here
EU: Brewers stocks down on report Russia may triple its beer tax ...Click here
Japan: Asahi Breweries total beer sales decline by 1.3% in the first half of 2009 ...Click here
France: This year’s barley crop to be just about 2% smaller than in 2008 ...Click here
Canada & Australia: Viterra committed to taking over ABB Grain despite its reducing profit forecast ...Click here




United Kingdom: SABMiller reportedly planning a debut euro benchmark bond ...More Info
Latvia: Brewers and retailers ask for permission to sell beer in the night-time ...More Info
Angola: SABMiller to open this year a new brewery ...More Info
Nigeria: SABMiller to increase eight-fold the output at its Pabod Breweries by early 2010 ...More Info
Vietnam: New brewery to be put into operation by the second quarter of next year ...More Info
Germany: Focus on the buyer of Carlsberg’s Feldschloesschen brewery ...More Info
Russia: SABMiller RUS now pouring Miller Genuine Draft in cans ...More Info
Namibia: First microbrewery opened in Namibia ...More Info
India: Therapeutic bio beer to be launched in several states this year ...More Info
Latvia: Aldaris beers gain market share in May ...More Info
Laos: Asia Pacific Breweries names new head for its Laos operations ...More Info
Mexico & United States: Femsa makes Most Interesting Man in the World responsible for its beer sales ...More Info
Moldova: Efes Vitanta Moldova Brewery to have a new CEO as from August ...More Info
Ethiopia: Brewers struggling with electricity problems ...More Info
Go to our news database with more than 15388 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Belgium: AB InBev sets late July as deadline for bids in sale of its European operations - report

Anheuser-Busch InBev has extended the deadline for bids in the sale of its Central and Eastern European operations to late July, Dow Jones Newswires cited on July, 8 a person familiar with the situation.

Binding bids were originally due mid-July with the brewing giant wanting a quick sale possibly by the end of the month, people said. However the complexity of the deal which involves operations across seven regions - Bulgaria, Romania, Hungary, Czech Republic, Croatia, Serbia and Montenegro - and tricky financing markets have pushed the tight timetable back, people said.

AB InBev initiated the auction, which is being run by Barclays PLC, after it received an unsolicited approach from CVC Capital Partners. The brewer wants to get what the company hopes is a "fair" and "best" price, one person said.

Analysts said that a sales price of EUR2 billion just for AB InBev's Central European business, excluding Russia and Ukraine, would be reasonable. AB InBev sells about 15 million hectolitres of beer annually across the seven countries.

Other potential buyout bidders include Kohlberg Kravis Roberts and TPG. Cinven Group Limited is also interested.

Among strategic buyers Efes Breweries International N.V. has expressed interest, people said, and SABMiller PLC may also be interested but ...More Info


Europe: SABMiller cuts annual volume growth target for Europe to 2 - 4 percent

SABMiller Plc, the world’s second- biggest brewer, has cut its forecast for European sales growth as the global recession weighs on consumer demand and markets from Russia to Hungary slow, Bloomberg communicated on July, 9.

European beer sales by volume will increase 2 to 4 percent in the years through 2013, rather than the “consensus expectations” of 4 to 6 percent growth, SABMiller executives said at an investor briefing in London, where the brewer is based. Per capita beer consumption in Eastern Europe is moderating, while declining in Western Europe, they said.

The brewer said it plans to increase sales in Russia and mature European markets by pushing more-profitable premium brands including Grolsch and Peroni. The company aims to make manufacturing more efficient in Poland, Romania and the Czech Republic, while cutting costs in the Grolsch operations, said Alan Clark, the brewer’s managing director for Europe.

The amount of beer the company sold in Europe in the year ended in March was little changed as consumers cut back spending. The lack of volume growth meant the European operations reported a 5 percent decline in profit because of higher costs and currency effects.

The beermaker's European region earns 22 percent of group profits with number ...More Info


Japan: Total beer shipments grow just 0.2% in the first half of this year, Kirin leads for the first time in three years

Kirin Holdings Co. Ltd. regained the top spot in the domestic beer market for the first time in three years, Dow Jones cited beer shipment data for the January-June period released on July, 10 by top Japanese brewers.

Kirin's beer shipments during the first half grew 2.5% on year to 81.46 million cases, giving it a market share of 37.5%, ahead of archrival Asahi Breweries Ltd.'s 36.9% market share.

The gain came amid only moderate growth in overall beer shipments for Japan's five top brewers during the six-month period of 0.2% on year to 217.24 million cases.

A Kirin spokeswoman attributed the strength partly to the success of "Kirin Nodogoshi," a low-priced beer-flavored product that attracted increasing attention from yen-pinching consumers amid worries about income and employment. Nodogoshi is one of several competing products in a new category of beer that Japanese brewers created to get around tax rules. Dubbed "the third beer," Nodogoshi and rival products take advantage of lower taxes on beer made from non-malt ingredients.

Kirin also cited brisk sales for "Kirin Ichiban" after the brand's renewal earlier this year.

Suntory Ltd. maintained third spot with a market share of 12.7%, followed by Sapporo Holdings Ltd. with 12.1%.

Shipments refer ...More Info


Chile: Brewer CCU reports preliminary Q2 and H1 results

Chilean brewer Compania Cervecerias Unidas SA (CCU) reported on July, 7 its preliminary second quarter consolidated volumes.

The company’s total sales volume increased by 4.3% on the year to 3.25 mln hl.

In the second quarter, CCU’s beer sales in Chile grew 3.8% to 947,174 hl, but fell 1.1% in the first half of 2009 to 2.45 mln hl. Beer volumes in Argentina (excluding exports to Chile) dropped by 1% to 753,580 hl in the second quarter, but jumped 16% in the first half to 1.87 mln hl.

CCU plans to release its consolidated second quarter results by the first week of August.

CCU is a diversified beverage company operating principally in Chile and Argentina. CCU is the largest Chilean brewer, the second-largest Argentine brewer, the third-largest Chilean soft drink producer, the second-largest Chilean wine producer, the largest Chilean mineral water producer, one of the largest pisco producers and also participates in the rum and confectionery industries in Chile. The Company has licensing agreements with Heineken Brouwerijen B.V., Anheuser-Busch Incorporated, PepsiCo Inc., Paulaner Brauerei AG, Schweppes Holdings Limited, Guinness brewing Worldwide Limited and Société des Produits Nestlé S.A.


EU: Brewers stocks down on report Russia may triple its beer tax

Brewers Carlsberg, Heineken and Anheuser-Busch InBev lead the field of European blue chip losers after a report that Russia may triple its beer tax, Reuters communicated on July, 10.

Carlsberg stock is 2.0 percent weaker at 322.00 crowns, Heineken is off 2.3 percent at 26.00 euros and AB InBev is 1 percent lower at 26.66 euros. The three are the largest players in the Russian market. The DJ Stoxx food and beverage index is 0.3 percent lower.

According to the Vedomosti business daily, beer tax on the same sized bottle could triple to 3.51 roubles ($0.11). A beer would typically cost between 15 and 50 roubles.

"This would be especially bad for Carlsberg, the biggest brewer there," said Ton van Ooijen of Kepler Capital Market, who has just initiated the stock with a 'buy' recommendation.

But Anthony Bucalo, analyst at Credit Suisse, said the share price move looked to be an overreaction to the reported tax rise.

"On a practical basis, it's a problem only at the margins. Tax in Russia is relatively low, so [drinks companies] could pass the cost on to consumers," he said.

But he added that the impact was likely to be greater for mainstream brands.

Shares in SABMiller are flat. The UK-listed ...More Info


Japan: Asahi Breweries total beer sales decline by 1.3% in the first half of 2009

Japan’s Asahi Breweries reported its June 2009 sales on July, 9.

The company said its total beer sales increased by 3.9 per cent to 221,558 kilolitres in June 2009 as compared to the same period in 2008.

The brewer’s domestic sales of ordinary beer increased by 0.2% to 151,926 kl. Sales of new genre (malt-based) beer added 26.5% (to 36,742 kl). Happoshu (low malt beer) saw a 1% rise in sales to 32,889 kl as compared to June 2008.

Asahi’s January – June 2009 total sales declined by 1.3% to 1,013,953 kl (as compared to 1,027,640 kl sold in the same period in 2008). A drop was registered in the sales of ordinary (- 5.8% to 671,117 kl) and Happoshu (low-malt) beer (- 3.7% to 168,016 kl). On the contrary, sales of new genre malt-based beer surged by 24% in the first half of this year to reach 174,820 kl.

As for Asahi’s sales by brand, the best results were achieved by Clear Asahi: + 27.3% in June, and + 84.9% in January – June. Sales of Super Dry fell by 1.4% in June, and by 6% over the first half of this year. Sales of Jukusen fell both in June and in the ...More Info


Barley News

France: This year’s barley crop to be just about 2% smaller than in 2008

France is expected to harvest an excellent barley crop of about 12 mln tonnes this year, FranceAgriMer communicated its initial estimates on July, 8.

Last year’s barley crop totalled more than 12.3 mln tonnes.

French barley acreage is estimated at 1.8 mln ha, plus 2% as compared to the area planted to barley last year. Winter barley acreage was increased, whereas spring barley acreage was reduced by about 0.2%.

Tests of the harvested winter barley show so far a very good quality, low protein and good calibration.


Canada & Australia: Viterra committed to taking over ABB Grain despite its reducing profit forecast

Canadian grain-handling company Viterra Inc said its acquisition of ABB Grains Ltd remains on track, a day after the Australian company cut its profit view hurt by lower demand, Reuters reported on July, 8.

"Our offer was not based on one year of earnings, but rather the long-term cycle of earnings beginning in 2010 and beyond. The strategic rationale remains compelling," Viterra Chief Executive Mayo Schmidt said in a statement.

Crop prospects in South Australia have been supported by good rainfall and growing conditions and Viterra remains committed to its acquisition of ABB, the company said.

ABB had lowered its annual profit outlook, citing slower demand for malt by Asian customers and weaker sales of fertilizer and agriculture chemicals.

In April, Viterra agreed to buy the ABB in a A$1.6 billion stock-and-cash deal, to give the company better access to Asian markets.

Viterra also said it expects average grain marketings in the 2009/2010 crop year based on current crop conditions and a significant carryout of production from 2008/2009.

Scientific Digest

The Influence of Heavy Metal Ions on Beer Flavour Stability

C. Zufall1, and Th. Tyrell

Abstract:
J. Inst. Brew. 114(2), 134–142, 2008 In this study, the importance of iron and copper ions and their radical formation via the respective Fenton and Haber-Weiss reactions was confirmed. Of the other heavy metals present in the brewing process in relevant concentrations, the impact of manganese ions on beer flavour stability has been elucidated. In contrast to iron and copper, manganese ions are not removed from wort or beer to any great extent during the process. Additionally, manganese shows a similar radical-promoting effect to that seen with iron and copper. Its reactivity, and typically higher concentration than the other two metals in beer, appear to make manganese an especially potent pro-oxidant in beer. The results of the investigation clearly indicate that there are other heavy metals influencing the stale flavour characteristics of beer, in addition to the well-known metals, iron and copper. In contrast to the aforementioned ions, manganese does not enter the product by being leached out of a tank or from piping materials, but rather comes from the cereals employed in brewing. This finding, concerning the importance of manganese as a redox system in beer staling, can serve as a basis for a different approach in the choice of raw materials. Key words: chemiluminescence, copper, flavour stability, heavy metal ions, iron, manganese, radical reactions. Load full article, 9 pages, 0.98 MB , PDF file

Barley Prices

French Malting Barley Prices. Nominal prices
EURO = USD 1.3954 July 10, 2009 
 Crop year   2008   2009 
 Parity   FOB Creil   FOB Creil 
 Position   July 2008   July 2009 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  116.00  162.00  133.00  185.50 
2RS  Prestige  115.00  160.50  132.00  184.50 
2RS  Cellar  114.00  159.50  131.00  183.00 
2RS  Sebastien  113.00  158.00  130.00  181.50 
2RS  Tipple  113.00  158.00  130.00  181.50 
2RS  Henley  113.00  158.00  130.00  181.50 
6RW  Esterel   109.00  152.50  122.00  170.50 

French Feed Barley Prices. Nominal prices
EURO = USD 1.3954 July 10,2009
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 96.00 133.96


Theoretical Malt Prices

EURO = USD 1.3954 July 10,2009 
Crop year  2008 
Parity  FOB Antwerp 
Position  July 2009 - Sept 2009 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO USD EURO  USD EURO USD  EURO  USD
2RS  Scarlett  332.50  464.00  363.50  507.50  356.00  496.50  370.50  516.50 
2RS  Prestige  331.50  462.00  362.50  505.50  354.50  495.00  369.00  515.00 
2RS  Cellar  330.00  460.50  361.50  504.00  353.50  493.50  367.50  513.00 
2RS  Sebastien  329.00  458.50  360.00  502.50  352.50  491.50  366.50  511.50 
2RS  Tipple  329.00  458.50  360.00  502.50  352.50  491.50  366.50  511.50 
2RS  Henley  329.00  458.50  360.00  502.50  352.50  491.50  366.50  511.50 
2RS   Average price  330.00  460.50  361.50  504.00  353.50  493.50  367.50  513.00 
6RW  Esterel   323.00  452.00  355.00  495.50  347.50  484.50  361.50  504.50 
Asia Malt 70/30  328.00  458.00  359.50  501.50  351.50  490.50  366.00  510.50 
**  Asia Malt 50/50  327.00  456.00  358.00  499.50  350.50  489.00  364.50  509.00 


EURO = USD 1.3954 July 10, 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  343.50  479.50  375.00  523.00  367.00  512.50  381.50  532.00 
2RS  Prestige  342.50  477.50  373.50  521.50  366.00  510.50  380.00  530.50 
2RS  Cellar  341.50  476.00  372.50  519.50  364.50  509.00  379.00  528.50 
2RS  Sebastien  340.00  474.50  371.00  518.00  363.50  507.00  377.50  527.00 
2RS  Tipple  340.00  474.50  371.00  518.00  363.50  507.00  377.50  527.00 
2RS  Henley  340.00  474.50  371.00  518.00  363.50  507.00  377.50  527.00 
2RS   Average price  341.50  476.00  372.50  519.50  364.50  509.00  379.00  528.50 
6RW  Esterel   329.00  460.50  361.50  504.00  353.50  493.50  368.00  513.50 
Asia Malt 70/30  338.00  471.50  369.00  515.00  361.50  504.50  375.50  524.00 
**  Asia Malt 50/50  335.50  468.50  367.00  512.00  359.00  501.00  373.50  521.00 

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

Prices Evolution

Prices evolution

Table of the Week

EU Malt Export Licence Fixations

(in tonnes) 2006-2007 2007-2008 July 01, 2008 -
April 30, 2009
France 460,829 357,498 254,343
Germany 239,633 352,420 209,774
Belgium 531,606 578,586 689,204
Bulgaria 1,270 2,860 716
U.K. 114,156 106,867 105,174
Finland 70,783 60,217 35,096
Denmark 72,374 99,380 47,265
Sweden 90,550 96,700 75,779
Netherlands 78,754 90,756 82,964
Ireland 2,250 - -
Italy 181 3,148 2,210
Austria 22,743 9,085 4,625
Spain - - 17,609
Romania - 500 -
Portugal 992 476 756
Czech Republic 41,769 25,203 16,043
Poland - 2,025 1,568
Hungary 5,474 2,638 8,042
Slovakia 23,157 16,645 12,626
Lithuania 172 1,855 1,027
Latvia 2,127 1,485 347
Total EU 2,180,986 1,756,691 1,565,168

Total Roasted malt, tonnes
July 01, 2008 - April 30, 2009 32,291
Total 2006 - 2007 30,084
Total 2007 - 2008 28,177
Note: Eurostat statistics of actual export shipments (there are no licence fixations any more) Source: Eurostat
Graph of the Week


Source: FAS USDA

These Days in Business History
July 9
1815 - 1st natural gas well in U.S. is discovered.
1875 - The Bombay Stock Exchange is founded in Bombay (now Mumbai), India.
1953 - 1st helicopter passenger service, New York City.
1957 - Announcement of discovery of atomic element 102 - nobelium.

July 10
1933 - 1st police radio system operated, Eastchester Township, New York.
1949 - 1st practical rectangular TV tube announced-Toledo, Oh.
1958 - 1st parking meter installed in England (625 installed).

July 11
1934 - FDR became 1st pres to travel through Panama Canal.
1962 - 1st transatlantic TV transmission via satellite (Telstar I).
1985 - Coca-Cola announces the return of Coke Classic after the company had tried displacing the old formula with New Coke.

July 12
1793 - The world's first optical telecommunications network is launched.
1854 - George Eastman is born, future founder of “Kodak”.
1859 - Paper bag manufacturing machine patents by William Goodale, Massachusetts.

Agenda