If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?6134
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 39b
September 24 - September 27, 2009
Open!
Click here to get full size Newsletter


Quote of the week

"A fine beer may be judged with only one sip, but it's better to be thoroughly sure"
Czech proverb
E-Malt.com recommends:


Currency Rates
Base Currency: Euro, EUR
on 25-September-2009

1 EUR = 1.4725 USD
1 EUR = 0.9075 GBP
1 EUR = 1.5888 CAD
1 EUR = 1.6921 AUD
1 EUR = 134.035 JPY
1 EUR = 2.6541 BRL
1 EUR = 44.2309 RUB
1 EUR = 10.0674 CNY
Base Currency: US Dollar
on 25-September-2009

1 USD = 0.6792 EUR
1 USD = 0.6163 GBP
1 USD = 1.079 CAD
1 USD = 1.1491 AUD
1 USD = 91.0275 JPY
1 USD = 1.8025 BRL
1 USD = 30.0388 RUB
1 USD = 6.8371 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

September 25, 2009

Type Crop 2009 Crop 2010
2rs Barley EUR95.0-99.0 EUR117.0-121.0 0.83%
6rw Barley EUR92.0-96.0 EUR109.0-113.0
2rs Malt EUR282.0-286.0 EUR309.5-313.5 0.32%
6rw Malt EUR277.5-281.5 EUR298.5-302.5
Feed Barley EUR88.0-92.0 nq 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

Belgium & United Kingdom: C&C shareholders approve the Tennent’s deal with AB InBev ...Click here
Europe: AB InBev and CVC close to a deal - sources ...Click here
Russia: Planned beer excise increase brings down Carlsberg’s shares, Russia’s total beer sales prospects ...Click here
Denmark & Vietnam: Carlsberg to get out of partnership with Vietnam National Tobacco Corp ...Click here
Poland: Beer sales reportedly down 10% in the first half ...Click here
Latin America: Molson Coors may build a brewery in Latin America to accommodate growth of Coors Light beer ...Click here
EU: French malting barley not demanded in Germany ...Click here
United States: Demand for malting barley as low as 30 years ago - expert ...Click here
Russia & Ukraine: Barley crop 2009 estimates reduced for both ...Click here
China: January – July barley imports total 1.142 mln tons ...Click here


More News


Argentina: Barley crop forecast at 1.7 mln tons, leaving export surplus of 700 thousand tons ...More Info
Mexico: Femsa’s beer business shares gain on prospects for stabilizing demand ...More Info
Russia: Heineken completes the modernization of its Patra brewery ...More Info
Canada: CWB posts final PRO for 2008/09 barley crop, reduces both malting and feed barley values for 2009/10 crop ...More Info
United States: Boston Beer chairman raises interesting ideas to help US beer distributors in the long run ...More Info
China: China Resources Snow Breweries gets a term loan of HK$350,000,000 from an undisclosed bank ...More Info
Ukraine: January – August barley sales up 12.2% yoy ...More Info
Russia: Barley exports steadily declining ...More Info
Bulgaria: Brewer Lomsko Pivo plans new investments in product quality improvement ...More Info
Australia: Comments on AWB’s decision to attract a partner for its grain business ...More Info
Uganda: Nile Breweries to provide loan support to sorghum growers ...More Info
Canada & Colombia: CWB urges Canadian Parliament to ratify asap a free-trade agreement with Colombia ...More Info
Australia: Lion Nathan’s executive director set to take position of managing director at Kirin’s newly created Australian business ...More Info
Canada: Combined Viterra/ABB Grain list new shares on the Toronto Stock Exchange ...More Info
India: Asia Pacific Breweries launches two beers in the West Bengal markets ...More Info
Go to our news database with more than 15850 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Belgium & United Kingdom: C&C shareholders approve the Tennent’s deal with AB InBev

Shareholders at Irish drinks group C&C GCC. on September, 25 overwhelmingly approved a 180 million pounds ($288 million) deal to buy the Scottish and Irish businesses of the Belgian brewing giant Anheuser-Busch InBev, Reuters reported on the same day.

The acquisition, which includes Scotland's top lager, Tennent's, was announced last month and gives C&C a strategic partnership with AB InBev, the world's largest beer maker.

"In the Tennent's brand we are buying an iconic product... " John Dunsmore, C&C's chief executive, told shareholders, adding that he would not rule out further acquisitions in the long term. The deal includes the Tennent's Wellpark brewery in Glasgow, and will leave AB InBev with just three breweries in the UK, although one of those in London will close next year.

For the Belgium-based brewer it will help cut debt after InBev bought Budweiser-brewer Anheuser-Busch last November for $52 billion in the world's biggest cash takeover.


Europe: AB InBev and CVC close to a deal - sources

Private equity firm CVC Capital Partners and AB InBev are close to a deal on the sale of AB InBev’s Central European operations, Beverage Manager cited persons familiar with the matter on September, 25.

The two parties are expected to meet next week with discussions ongoing, sources said.

CVC recently submitted a 1.57 billion euro bid for AB InBev’s assets. AB InBev itself valuated the assets at 2 billion euros.


Russia: Planned beer excise increase brings down Carlsberg’s shares, Russia’s total beer sales prospects

The news that Russian government had proposed to triple excise tax on beer y 2012 brought shares in Danish brewer Carlsberg down by more than 3%, Reuters reported on September, 24.

Russia is an important growth market for Carlsberg, the world's fourth biggest brewer, which owns Russian Baltika and had a Russian market share of 38.3 percent in 2008 - though analysts said the impact the measure would have on beer sales in the country was as yet unclear.

Carlsberg shares traded down 3.2 percent at 380.50 crowns at 0922 GMT (5:22 a.m. EDT), recovering from a one-week low of 375.50 crowns.

The Russian government late on September, 23 approved a 2010 budget that includes a plan to triple the excise duty on beer from the current 3 rubles.

The changes are expected to bring an extra 65.1 billion rubles of revenues into government coffers next year.

A half liter bottle of beer in the shops typically costs between 20 and 50 rubles.

A Carlsberg spokesman said the company was still waiting for information on the final proposal to be sent to Russia's parliament, the Duma.

"We have not got any information on what proposal this will end up with, (and) which the finance minister will put ...More Info


Denmark & Vietnam: Carlsberg to get out of partnership with Vietnam National Tobacco Corp

Carlsberg spokesman Jens Peter Skaarup confirmed Vietnamese media reports that the Danish brewing giant would withdraw from its partnership with Vietnam National Tobacco Corp (Vinataba), Danish news source Business.dk reported on September, 23.

The parties have not signed an agreement yet and Skaarup did not wish to disclose the price Carlsberg would get for its stake in the 50/50 joint venture.

Carlsberg teamed with Vinataba in connection with the purchase of the activities of UK brewer Scottish & Newcastle (S&N) in 2008, but the partnership does not make sense for the Danish group, as the main activity is the construction of a brewery in southern Vietnam close to another Carlsberg facility.

Vinataba is also selling S&N's Kronenbourg beer brand in Vietnam, but Carlsberg now intends to take over this activity.

Carlsberg's primary partner in Vietnam is Habeco. Last week, the Danish brewer said it will raise its stake in Habeco to 30% from 16.7%.


Poland: Beer sales reportedly down 10% in the first half

Polish brewers report the biggest decrease in sales in recent years, Polskie Radio communicated on September, 24.

The golden era of beer in Poland has finished. According to unofficial data released by Puls Biznesu, sales of beer in Poland in the first half of 2009 have declined by 10 per cent in comparison with the same period last year.

Breweries in Poland have already suffered the consequences of the falling trend in beer sales, combined with the recession. Zywiec Group, which belongs to Heineken International, has recorded a dramatic drop in sales, while Kompania Piwowarska, Poland’s leading beer producer, is planning to close down a brewery in Kielce, central Poland.

Market analysts cite the main reason for weak sales of beer in Poland as an increase in excise tax, which went up by 13.6 per cent on 1 March. Annual beer sales in Poland now amount to 20 billion zloty (4.8 billion euro).

The average Pole drinks 95 liters of beer a year, which is more than the EU average for beer consumption, and signifies that the Polish beer market has already hit its peak and will likely not expand anymore.


Latin America: Molson Coors may build a brewery in Latin America to accommodate growth of Coors Light beer

US-Canadian Molson Coors Brewing Co. has begun selling Coors Light in Costa Rica and is considering adding a brewery in Latin America, Bloomberg reported on September, 24.

Costa Rica will bring to about 30 the number of countries, including Mexico and China, where Coors Light is sold. The Denver- and Montreal-based brewer is taking advantage of a growing trend toward light beer in countries that have leaned toward full-calorie brews traditionally, said Paul Mendieta, managing director for Mexico, the Caribbean and Central America.

The company may need to develop manufacturing in Latin America to accommodate growth of Coors Light, its best-selling brand, he said. Options may include building a brewery or cooperating with another brewer, according to Mendieta.

“As we continue to expand into new markets, it is definitely something that we plan on addressing,” Mendieta said. He declined to specify potential timing of such a move.

Brewing locally would cut freight charges, a “significant portion” of the cost of selling in the region, he said.

The challenge for Molson Coors is choosing markets without a dominant international competitor where consumers are already comfortable with the taste of light beers, said Erin Ashley Smith, an analyst with Argus Research in New York.

“They ...More Info


Barley News

EU: French malting barley not demanded in Germany

The activity on the European malting barley markets remains very insignificant, La Depeche reported on September, 25.

Large malting barley crop in Germany offers little chances for French malting barley in this market. French malting barley prices delivered to German maltsters are not competitive at the moment as compared to domestically produced grain. Besides, German market players who had made significant purchases Fob Moselle before getting full information on German crop hastened to resell their stock, which lay heavy on the EU market.

Nevertheless, several small deals in spring barley crop 2010 were closed last week. Prices for the 2010/2011 crop are pressed downwards by those for the current crop, which in their turn are influenced by the abundance of the yield.

Meanwhile, the area allotted to the next spring barley is expected to decrease. Actually, good weather France enjoys this autumn can induce farmers to prefer planting winter varieties.


United States: Demand for malting barley as low as 30 years ago - expert

A large crop of barley now being harvested, ample carryover stocks and slow demand have all come together to put barley prices in the pit right now, Marv Zutz, executive director of the Minnesota Barley Growers Association, was quoted as saying by Farm & Ranch Guide on September, 23.

The barley crop in Minnesota was a little light in regards to yield because of the wet spring, Zutz noted. However, almost all of the barley is excellent quality.

“Barley can't take a lot of moisture well, it doesn't have ‘wet feet,' so we saw the wheat out-yielding the barley in most situations, and a large portion of the barley crop will make malting grade,” Zutz said. “Most of the farmers should come out okay since most of the barley was contracted.”

But for those who didn't have a malting barley contract, it is a completely different story, with the pipeline clogged with barley and most elevators not even posting a cash bid for malting barley.

“Hopefully that will change once we get through harvest and everyone is able to itemize the quality and size of the crop that is out there,” Zutz said, “but right now there is just no demand for barley, with ...More Info


Russia & Ukraine: Barley crop 2009 estimates reduced for both

Present barley crop estimates for the Black Sea markets (Bulgaria, Kazakhstan, Romania, Russia, and Ukraine) are 31.3 mln tons vs. 38.7 mln tons in 2008, a minus of 7.4 mln tons, market analysts communicated at the beginning of this month.

Export forecasts early in September were 8.0 – 8.5 mln tons after shipments of 11.235 mln tons in the crop year 2008/09.

Ukraine reports shipments of 1.5 mln tons in July/August, the first two months of the new grain year. Barley acreage in Ukraine had been expanded by 630,000 ha, while a slow erosion of barley acres continued in Russia, particularly in the fertile regions of Southern Russia, close to Black Sea ports. Yields were down in Russia and the Ukraine, following an unfavourable, very dry growing season. Bad losses were reported from the Volga region. The harvest in Ukraine is complete, Russia reported 40% of its barley harvested by the 25th of August.

Early supply and demand estimates (at the beginning of this month) were as follows:

Russia 2009 Barley production: 16.8 mln tons (vs. 23.137 mln in 2008); Acreage: 9.58 mln ha (9.618 mln ha in 2008); Yields: 1.85 t/ha (2.46 t/ha in 2008); Exports: 1.7 mln tons (2.479 mln tons last year).

Ukraine ...More Info


China: January – July barley imports total 1.142 mln tons

The latest statistics on China’s barley imports became available at the beginning of September.

According to industry sources, China imported 535,000 tons from Australia, 368,000 tons from Canada, and 239,000 tons from France, for a total of 1.142 mln tons in the January – July period.

Surprisingly the USDA raised its Chinese acreage figure from 712,000 to 800,000 ha and its crop forecast from 2.8 to 3.1 mln tons.

Scientific Digest

A Study of Saccharomyces cerevisiae Cell Wall Glucans

Stefan Kwiatkowski, Ursula Thielen, Phyllis Glenney and Colm Moran

Abstract:
J. Inst. Brew. 115(2), 151–158, 2009 Much research has been carried out over the years examining cell wall glucans from Saccharomyces cerevisiae and this study further examines aspects of the binding of (1›4)-alpha-D-glucan in the yeast cell wall, using a number of isolation techniques as well as monoclonal antibodies able to recognize a mixed (1›4)- alpha-D-glucan/(1›6)-beta-D-glucan. Extraction of purified glucan, from S. cerevisiae cell wall, with 0.1N HCl, at 80°C for 6 h, released into the solution (1›4)-alpha-D-glucan and (1›6)-beta-Dglucan as the major polysaccharides, along with an insoluble pellet highly enriched in (1›3)-beta-D-glucan. The released (1›4)-alpha-D-glucan was composed of a high molecular size >100 kDa fraction (7.2% w/w) and a medium 5–50 kDa polysaccharide (10.2% w/w), with the (1›4)-alpha-D-glucan covalently bound to the (1›6)-betta-D-glucan. The average molar ratio of the ?:ß glucan was 47: 53 in this mixed polysaccharide. The structure of this polysaccharide was different from the structure of plant starch or animal glycogen as monoclonal antibodies specific to yeast (1›4)-alpha-D-glucan/(1›6)-beta-D-glucan did not recognize the plant starch or animal glycogen standards. Key words: (1›4)-alpha-D-glucan, 1›6)-beta-D-glucan, glucan specific antibodies, NMR, Saccharomyces cerevisiae, yeast cell wall. Abbreviations: BSA – Bovine Serum Albumin; D2O – deuterium oxide (heavy water), d.w. – dry weight; DI – deionised water; GEM – Glucan Enriched Material, HRP – Horse Radish Peroxidase. Load full article, 8 pages, 496 kb , PDF file

Barley Prices
EURO = USD 1.4725 September 25, 2009  
 Crop year   2009   2010 
 Parity   FOB Creil   FOB Creil 
 Position   July 2009   July 2010 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  99.00  146.00  121.00  178.50 
2RS  Prestige  98.00  144.50  120.00  177.00 
2RS  Cellar  97.00  143.00  119.00  175.50 
2RS  Sebastien  96.00  141.50  118.00  174.00 
2RS  Tipple  96.00  141.50  118.00  174.00 
2RS  Henley  96.00  141.50  118.00  174.00 
6RW  Esterel   94.00  138.50  111.00  163.50 

French Feed Barley Prices. Nominal prices
EURO = USD 1.4725 September 25,2009
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 90 132.53


Theoretical Malt Prices

  EURO = USD 1.4725 September 25, 2009 
Crop year  2009 
Parity  FOB Antwerp 
Position  Oct 2009 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  286.50  421.50  317.50  467.50  310.00  456.50  324.00  477.50 
2RS  Prestige  285.50  420.00  316.50  466.00  308.50  454.50  323.00  475.50 
2RS  Cellar  284.00  418.00  315.00  464.00  307.50  452.50  321.50  473.50 
2RS  Sebastien  282.50  416.50  314.00  462.00  306.50  451.00  320.50  472.00 
2RS  Tipple  282.50  416.50  314.00  462.00  306.50  451.00  320.50  472.00 
2RS  Henley  282.50  416.50  314.00  462.00  306.50  451.00  320.50  472.00 
2RS   Average price  284.00  418.00  315.00  464.00  307.50  452.50  321.50  473.50 
6RW  Esterel   279.50  412.50  311.50  458.50  304.00  447.50  318.00  468.50 
Asia Malt 70/30  283.00  416.50  314.00  462.50  306.50  451.00  320.50  472.00 
**  Asia Malt 50/50  282.00  415.50  313.50  461.50  305.50  450.00  320.00  471.00 


EURO = USD 1.4725 September 25, 2009 
Crop year  2010 
Parity  FOB Antwerp 
Position  Oct 2010 - Sept 2011 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  314.00  462.00  345.00  508.00  337.50  496.50  351.50  517.50 
2RS  Prestige  312.50  460.50  344.00  506.50  336.00  495.00  350.50  516.00 
2RS  Cellar  311.50  458.50  342.50  504.50  335.00  493.00  349.00  514.00 
2RS  Sebastien  310.50  456.50  341.50  502.50  333.50  491.50  348.00  512.50 
2RS  Tipple  310.50  456.50  341.50  502.50  333.50  491.50  348.00  512.50 
2RS  Henley  310.50  456.50  341.50  502.50  333.50  491.50  348.00  512.50 
2RS   Average price  311.50  458.50  342.50  504.50  335.00  493.00  349.00  514.00 
6RW  Esterel   300.50  444.00  333.00  490.00  325.00  478.50  339.50  499.50 
Asia Malt 70/30  308.50  454.00  339.50  500.00  332.00  488.50  346.50  509.50 
**  Asia Malt 50/50  306.50  451.50  337.50  497.00  330.00  486.00  344.50  507.00 

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

Canada Barley Supply and Disposition

  2008-2009f 2009-2010f
Seeded area, '000 ha 3,787 3,552
Harvested area, '000 ha 3,502 3,078
Yield, tonne/ha 3.36 2.91
Production, '000 metric tonnes 11,781 8,948
Imports, '000 metric tonnes 40 35
Total supply, '000 metric tonnes 13,390 11,083
Exports, '000 metric tonnes 2,300 2,300
Food & industrial, '000 metric tonnes 190 190
Feed Waste, '000 metric tonnes 8,499 6,668
Total domestic, '000 metric tonnes 8,990 7,183
Carry-out Stocks , '000 metric tonnes 2,100 1,600
Average price, CA$/tonne 179 150-180
Source: Agriculture and Agri-Food Canada, August 28, 2009
Graph of the Week



These Days in Business History
24 September
1960 1st nuclear-powered aircraft carrier, launches (USS Enterprise)
1974 John C. Bogle incorporates the Vanguard Group of Investment Cos. to administer -- and to be owned by -- the Vanguard family of mutual funds.
1990 Supreme Soviet gives approval to switch to free market

25 September
1639 1st printing press in America
1654 England & Denmark sign trade agreement
1897 1st British bus service opens
1926 Henry Ford announces 8 hour, 5-day work week

26 September
1404 Brussels Brabants/Limburgse audit-office established
1680 Tax revolt in Gorinchem due to tax on cereal
1786 England & France sign trade agreement
1972 Norway rejects membership in European Common Market

27 September
1825 Railroad transportation is born with 1st track (Stockton-Darlington)
1968 France refuses UK entry into common market
1988 Senate votes for major federal tax code changes
Agenda