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E-Malt.com Newsletter 29b
July 16 - July 19, 2009
Open!
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Quote of the week

"There is more to life than beer alone, but beer makes those other things even better."
Stephen Morris
E-Malt.com recommends:


Currency Rates
Base Currency: Euro, EUR
on 17-July-2009

1 EUR = 1.4102 USD
1 EUR = 0.8592 GBP
1 EUR = 1.5775 CAD
1 EUR = 1.7605 AUD
1 EUR = 132.393 JPY
1 EUR = 2.7339 BRL
1 EUR = 44.7903 RUB
1 EUR = 9.6482 CNY
Base Currency: US Dollar
on 17-July-2009

1 USD = 0.7092 EUR
1 USD = 0.6093 GBP
1 USD = 1.1186 CAD
1 USD = 1.2484 AUD
1 USD = 93.8795 JPY
1 USD = 1.9386 BRL
1 USD = 31.7607 RUB
1 USD = 6.8415 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

July 17, 2009

Type Crop 2008 Crop 2009
2rs Barley EUR112.0-116.0 EUR127.0-131.0 1.53%
6rw Barley EUR107.0-111.0 EUR120.0-124.0
2rs Malt EUR326.0-330.0 0.61% EUR334.5-338.5 1.46%
6rw Malt EUR319.0-323.0 0.62% EUR325.0-329.0 0.61%
Feed Barley nq    EUR95.0-99.0 1.04%

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

Australia: Lion Nathan maintains net profit forecast for FY 2009, sees Australian beer volumes grow by 5% year to date ...Click here
Turkey: Anadolu Efes wants all 100% of Efes Breweries International ...Click here
Russia: H1 beer production drops by 6.8% ...Click here
Ukraine: Beer production falls by 6.3% in January – June this year ...Click here
China: Jiangshu Shuanggou Brewery Co. to pass into the ownership of local authorities ...Click here
Romania: Ursus Breweries invests EUR50 mln to triple production capacity at one of its plants ...Click here




United Kingdom: SABMiller completes EUR1 bln notes issue ...More Info
Brazil: AmBev may increase beer sales due to hot El Nino weather - analyst ...More Info
Bulgaria: AB InBev plans a EUR15 mln investment in one of its Bulgarian breweries ...More Info
Russia: SUN InBev to expand the brewing capacity of its Perm plant ...More Info
Romania: Heineken Romania focuses on local brands, has positive outlook for the Romanian market ...More Info
Bulgaria: Zagorka brewery reports a 3.6% decrease in beer sales for 2008 ...More Info
Poland: No more beer on local trains and train station cafeterias ...More Info
United Kingdom: Coors Light beer to get its biggest promotion campaign to date ...More Info
Nigeria: Heineken’s subsidiary Q2 net profit grows by 36.6% yoy ...More Info
China: Asia Pacific Breweries chooses ad agency for its Heineken and Anchor brands in China ...More Info
Namibia: Namibia’s first craft beer to be available by mid-August ...More Info
Go to our news database with more than 15425 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Australia: Lion Nathan maintains net profit forecast for FY 2009, sees Australian beer volumes grow by 5% year to date

Lion Nathan, Australia’s second-largest brewer, announced on July, 16 its trading update for the quarter ended 30 June 2009.

The company said it is on track to deliver A$305-A$315 mln net profit after tax (pre-significant items, i. e. excluding costs associated with the Kirin proposal and scheme process) in FY2009. This is consistent with previous profit guidance, Lion Nathan said.

Group sales volumes grew by 3% for the nine months to June 2009. Over the same period, net sales revenue grew around 6%, driven by significant growth in the Australian business which offset declines in wine.

On a year to date basis Lion Nathan Australia has grown beer volumes by 5%. Key brands highlights include the continued growth of XXXX Gold and the Tooheys trademark, and the strong growth of Hahn Super Dry and Boag’s Draught. Building on the success of recent innovations, Hahn Super Dry 3.5 was launched during the quarter with encouraging results, the company said.

In New Zealand some softening of volumes was experienced in the third quarter consistent with market trends, however both mix and value had a positive impact on revenue. The Steinlager trademark has benefited from new packaging and promotional support for Steinlager Classic as well as ...More Info


Turkey: Anadolu Efes wants all 100% of Efes Breweries International

Turkish brewer Anadolu Efes announced on July, 17 it plans to buy out all shares that it does not already own in Efes Breweries International, its Netherlands-based subsidiary.

Anadolu Efes currently holds approximately 70.22% (representing 148,457,429 shares) of Efes Breweries International N.V. (“EBI”) carrying out the company’s international beer operations. Anadolu Efes said it intends to make a cash offer for the entire issued share capital of EBI not already owned by Anadolu Efes.

The aforementioned shares are held in the form of Global Depository Receipts (GDRs), listed on the London Stock Exchange, held only by Qualified Institutional Buyers and represent approximately 29.78% of the entire issued share capital of EBI (the “Offer”). The Offer values EBI at US$11.10 in cash for each GDR (representing five EBI ordinary shares).

The Offer will start following the posting of the Offer Document and will stay open until as required by the relevant legislation. The start and closing dates of the Offer will be announced separately, the company said.

According to Anadolu Efes, the decision to make an offer has been taken considering the combination of the low liquidity of EBI GDRs, which started trading on the London Stock Exchange in 2004, the current economic and ...More Info


Russia: H1 beer production drops by 6.8%

According to RosStat data, Russia’s beer output declined by 6.8% in the first half of this year as compared to the same period in 2008, Gazeta.ru reported on July, 15.

Total Russian beer production in January – June 2009 is estimated at 54.3 mln hl. In June alone beer production decreased by 4.4% as compared to June 2008 but grew by 5.9% versus May 2009.


Ukraine: Beer production falls by 6.3% in January – June this year

Ukraine’s beer production dropped by 6.3% over the first six months of this year, Biz.liga.net communicated on July, 16.

According to official statistics, the nation’s H1 beer output amounted to 15.5 mln hl.

In June, beer production fell by 7.6% as compared to May 2009 (to 3.44 mln hl) and increased by 3.6% as compared to June 2008.


China: Jiangshu Shuanggou Brewery Co. to pass into the ownership of local authorities

V.V. Food & Beverage has announced that it will sell its Jiangshu Shuanggou Brewery Co., Ltd., to the local authorities of Suqian, Jiangsu province, Alcnet.ru communicated on July, 17.

The city’s government aims at further integration of the local beer production. The brewery is a good profit earner, analysts comment.

Last year, Jiangshu Shuanggou Brewery reported sales value of 1.5 bln yuan, whereas the company’s net profit amounted to 1.1 bln yuan. The brewery is expected to increase its net profit to 2 bln yuan in 2009.


Romania: Ursus Breweries invests EUR50 mln to triple production capacity at one of its plants

Ursus Breweries, one of Romania’s major brewers, has invested EUR50 mln in its Timisoara beer plant, the Wall-Street informed on July, 17.

As a result of the project launched in 2007, the brewery’s production capacity was tripled, Ursus said.

“We decided to invest in this plant because we believe in the Timisoara brand. It has started as a local beer and quickly grew into a national brand with a more than 15% share of the Romanian beer market,” Stephan Maria Weber, president of Ursus Breweries, said.

At present, the brewing capacity of the Timisoara plant exceeds 2 mln hl, which makes it Ursus’ second-largest plant after that in Buzau. These two breweries account for two thirds of the company’s total beer output.

Ursus Breweries is a subsidiary of the world’s No. 2 brewer SABMiller plc.

Scientific Digest

Disc Stack Centrifuge Operating Parameters and Their Impact on Yeast Physiology

Paul H. Chlup, Dominic Bernard and Graham G. Stewart

Abstract:
J. Inst. Brew. 114(1), 45–61, 2008
Hydrodynamic stresses imposed on brewing cells of Saccharomyces cerevisiae during beer processing can have a detrimental impact on beer quality. The use of centrifuges has become an efficient way to increase brewery throughput as they decrease clarification times and improve fermenter and tank conditioning efficiency. The effect of a disc stack centrifuge on yeast and beer physical stability has been investigated. In this study, a commercial ale yeast strain has been subjected to different operating conditions during centrifugation. Cell viability and intracellular pH decreased due to processing conditions encountered during yeast cropping with a centrifuge. A relationship has been established that yeast cell wall mannan, an unfilterable haze constituent, as a function of G-force and centrifugation cycles, is released from the cell wall while concurrently, particle sizes between 0.5-2.8 µm and beer haze increased. Furthermore, yeast intracellular glycogen and trehalose levels were depleted as a result of centrifugation.
Key words: beer haze, centrifuge, flow cytometry, g-force, glycogen, intracellular pH, stress, trehalose, yeast. Load full article, 17 pages, 1.29 MB , PDF file

Barley Prices

French Malting Barley Prices. Nominal prices
EURO = USD 1.4102 July 17, 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  163.50  131.00  185.00 
2RS  Prestige  115.00  162.50  130.00  183.50 
2RS  Cellar  114.00  161.00  129.00  182.00 
2RS  Sebastien  113.00  159.50  128.00  180.50 
2RS  Tipple  113.00  159.50  128.00  180.50 
2RS  Henley  113.00  159.50  128.00  180.50 
6RW  Esterel   109.00  154.00  122.00  172.50 

French Feed Barley Prices. Nominal prices
EURO = USD 1.4102 July 17,2009
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 97.00 136.79


Theoretical Malt Prices

EURO = USD 1.4102 July 17,2009 
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  330.50  466.00  361.50  510.00  354.00  499.00  368.50  519.50 
2RS  Prestige  329.50  464.50  360.50  508.50  352.50  497.50  367.00  517.50 
2RS  Cellar  328.00  462.50  359.50  506.50  351.50  495.50  365.50  515.50 
2RS  Sebastien  327.00  460.50  358.00  504.50  350.50  494.00  364.50  514.00 
2RS  Tipple  327.00  460.50  358.00  504.50  350.50  494.00  364.50  514.00 
2RS  Henley  327.00  460.50  358.00  504.50  350.50  494.00  364.50  514.00 
2RS   Average price  328.00  462.50  359.50  506.50  351.50  495.50  365.50  515.50 
6RW  Esterel   321.00  454.00  353.00  498.00  345.50  487.00  359.50  507.00 
Asia Malt 70/30  326.00  460.00  357.50  504.00  349.50  493.00  364.00  513.00 
**  Asia Malt 50/50  325.00  458.00  356.00  502.00  348.50  491.50  362.50  511.50 


EURO = USD 1.4102 July 17, 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  339.50  478.50  370.50  522.50  362.50  511.50  377.00  531.50 
2RS  Prestige  338.00  476.50  369.00  520.50  361.50  509.50  375.50  529.50 
2RS  Cellar  336.50  474.50  368.00  518.50  360.50  508.00  374.50  528.00 
2RS  Sebastien  335.50  473.00  366.50  517.00  359.00  506.50  373.50  526.50 
2RS  Tipple  335.50  473.00  366.50  517.00  359.00  506.50  373.50  526.50 
2RS  Henley  335.50  473.00  366.50  517.00  359.00  506.50  373.50  526.50 
2RS   Average price  336.50  474.50  368.00  518.50  360.50  508.00  374.50  528.00 
6RW  Esterel   327.00  462.50  359.50  506.50  351.50  496.00  366.00  516.00 
Asia Malt 70/30  334.00  471.00  365.50  515.00  357.50  504.50  372.00  524.50 
**  Asia Malt 50/50  332.50  468.50  363.50  512.50  356.00  502.00  370.00  522.00 

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 - 27 BARLEY CROP FORECAST - 2009

  Total 2009f thereof Spring Barley
 Country Area (thousand ha) Yield (100 kg/ha) Production (thousand tons) Area (thousand ha) Yield (100 kg/ha) Production (thousand tons)
Austria 181 44 796 94 37 348
Belgium/Lux. 65 75 488 8 65 49
Bulgaria 210 33 693 17 22 37
Cyprus 50 15 75 - - -
Czech Rep. 490 43 2102 355 42 1473
Denmark 591 51 3014 447 49 2190
Estonia 140 20 281 138 20 276
Finland 607 34 2033 607 34 2033
France 1793 69 12282 540 57 3078
Germany 1905 60 11495 450 49 2183
Greece 200 19 380 - - -
Hungary 321 30 948 126 24 299
Ireland 184 66 1216 170 65 1105
Italy 345 36 1242 - - -
Latvia 138 21 288 130 20 260
Lithuania 362 26 922 340 25 850
Malta 1 27 3 - - -
Netherlands 45 61 274 40 60 240
Poland 1214 31 3788 950 30 2803
Portugal 39 18 70 - - -
Romania 499 28 1417 179 21 376
Slovakia 209 34 717 190 34 646
Slovenia 20 40 79 2 35 7
Spain 3016 24 7200 2466 25 6150
Sweden 368 43 1565 350 42 1465
UK 1075 59 6361 650 55 3569
TOTAL
EU - 27
14068 43 59730 8249 36 29437
Source: Coceral, 2nd June 2009.
Coceral statistics of EU-27 Barley Crop 2008 is available on www.e-malt.com
Graph of the Week


Source: IGC

These Days in Business History
July 16
1661 - 1st banknotes in Europe were issued by Bank of Stockholm.
1935 - 1st automatic parking meter in US installed, Oklahoma City, OK.

July 17
1850 - Harvard Observatory takes 1st photograph of a star (Vega).
1931 - 1st air-conditioned ship (Mariposa) launched.
1955 - Disneyland, Walt Disney's metropolis of nostalgia, fantasy, and futurism, opens.

July 18
1743 - 1st half-page newspaper ad is published (New York Weekly Journal).
1955 - 1st electric power generated from atomic energy sold commercially.
1968 - Robert Noyce and Gordon Moore establish N.M. Electronics Corp. to miniaturize electronic circuitry onto silicon chips. It soon changes its name to Intel Corp.

July 19
1860 - 1st railroad reaches Kansas.
1967 - 1st air conditioned New York City subway car (R-38 on the F line).

Agenda