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E-Malt.com newsletter
February 06 - February 09, 2003
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1. Trading info
At this moment there are
tree OFFERS for 3750 tons of malt on the trading portal www.e-malt.com
- Offer for 1000-1500 mtons of malt, 6RW, Esterel(100%), crop 2002, in bags,
delivery 01/05/2003 - 30/09/2003, at EUR 287.00 /mton, FOB Antwerp.
(to see and make a bid to the malt offer, please view code MF0602P2100)
- Offer for 1250 mtons of malt, 6RW, Esterel(100%), crop 2002, bulk,
delivery 01/04/2003 - 31/04/2003, at EUR 270.00 /mton, FOB Antwerp.
(to see and make a bid to the malt offer, please view code MF0602P1857)
- Offer for 1000 mtons of malt, Any 2RS(100%), crop 2002, bulk,
delivery 01/03/2003 - 31/07/2003, at EUR 301.00 /mton, FOB Antwerp.
(to see and make a bid to the malt offer, please view code MF0602P1853)
Top Industry News
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USA 2002 Barley Production Report.
Click here
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2003 crop expectations of barley in Europe.
Click here
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The Austrian beer and drinks group, Oesterreichische Brau Beteiligungs AG (BBAG), the holding company for Brau Union AG, has reported preliminary sales for 2002 of €1.117 million, up 1.1% from 2001.
Click here
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SABMiller plc, the world’s second largest brewer, reported in a statement on February 04, that its subsidiary in Poland, Kompania Piwowarska S.A. (KP) will acquire a 98.8% stake in the Polish brewer Browar Dojlidy Sp. z o.o.
Click here
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Ukraine may import more caramel malt in 2003, the Ukrainian analysts reported. According to Galina Korenikova, the assistant director of ZAO “Ukrpivo”, Ukraine doesn’t produce caramel malt but its demand...
Click here
More news are available on site www.e-malt.com
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Latrobe Brewing Company, maker of the Rolling Rock and Rock Light beer brands recently became the first brewery in North or South America to be awarded third-party accreditation for its Hazard Analysis and
...more info
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Adolph Coors Company, the US company, announced on January 07 higher consolidated net sales, net income and earnings per share for 2002. For the 52-week fiscal year ended Dec. 29, 2002, the company achieved consolidated net sales of $3.78 billion...more info
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Russian brewery Yarpivo has announced that it had registered a 22% boost in sales volume up to 350 million Russian roubles (approximately US$ 11 million) for the first month of the current year if compared to the same period on the previous year...more info
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Anheuser-Busch Cos. Inc., the world's largest brewer, has announced on February 5th a higher fourth-quarter profit led by two new products and increased prices on its top-selling beers...more info
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A Swedish court has effectively overturned the legal ban on alcohol advertising in Sweden, after a five-year legal battle. The Swedish Market Court, the highest legal entity in such cases...more info
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According to the Russian Brewers' Union, the Russian government has asked Belarus authorities to lift restrictions on beer imports, which are in violation of the free custom zone introduced by the two countries in 1996...more info
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South Australian premium brewer Coopers is heading for record annual turnover, boosted by strong summer sales and a new marketing alliance with Budweiser...more info
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France has suspended controversial plans to raise tenfold a tax on strong beer, a measure that had raised the ire of brewers of the potent drink, especially in Belgium, Reuters reported...more info
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Grolsch has ordered six beer filling lines worth a total of EUR 50m for its Enschede, the Netherlands plant, where operations of two older plants are being combined...more info
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The Norwegian company, Hansa Borg, with brewers such as Denmark's Bryggerigruppen and Sweden's Spendrups among its owners, has signed a deal to import and manufacture Heineken for the Norwegian market...more info
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Carlsberg is to re-launch its chocolate-based beer Criollo Stout under the brand name Semper Ardens Criollo Stout, the Ritzau news agency reports...more info
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The Seattle Brewing & Malting is now about to produce its first cases of Manny's Pale Ale, a brand launched by its new operators, two young enthusiasts working under the Georgetown Brewing company name...more info
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Three of Germany's biggest breweries, Radeberger, Warsteiner, and Krombacher, have signed a letter of intent to buy into Trinks GmbH...more info
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Holsten-Brauerei AG, the Greman brewer, has bought the majority of the shares of the German Landskron Brauerei Görlitz GbR...more info
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The UK's largest brewer, Scottish & Newcastle, is preparing to make a takeover bid for the troubled UK cider group, HP Bulmer...more info
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The European Bank for Reconstruction and Development is lending €10m for seven years to Denmark's Danfoss Solutions A/S. The purpose of the credit is...more info
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The investment bank, ABN Amro, has reduced its rating on the UK's largest brewer, Scottish & Newcastle (S&N), from "add" to "reduce" on the back of...more info
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Mr. de Groen, purchasing manager of barley in Weissheimer Malzfabrik (Andernach, Germany), estimates that the world deficit of barley for brewing is 1,1 MT into 2002/03...more info
2. Industry news
American Malting Barley Association Inc. has reported that US barley production for 2002 year is estimated at 226.873 million bushels (4.94 million metric tons) – down 9 % from last year's estimate. This year's production is the lowest since 1937. Average yield per acre, at 54.9 bushels (1.195 metric tons), is down 3.3 bushels (0.072 metric tons) from 2001, the association reported. The area harvested for grain is estimated at 4.14 million acres, 4 percent below a year ago, and is the lowest level since 1898. North Dakota is the state with the largest production of barley of about 57.04 million bushels (1.242 million metric tons) after which comes the state Idaho with 53.96 million bushels (1.175 million metric tons)... more info
EU: Estimates of the barley acreage in 2003 range from 10,4 to 10,55 mill. ha, of which 6 mill. ha spring barley. Both figures are virtually unchanged from 2002. Increases of 40-50.000 Ha each in Germany and the U.K. are likely to be compensated by a drop of 90.000 Ha in Denmark. Winter started with heavy precipitation all over the Continent and inundations, especially in France and Germany. In January it was followed by a frost wave with little or no snowcover. Winter kill is reported from France, where the crop of Esterel barley has been badly affected. Also England and East Germany report some damages. In general winter kill leads to smaller overall crops, however, reseeding in spring may boost the acreage of spring barley. Private estimates of an EU barley crop of 47,5 to 49,5 Mill. tons (versus 48,2 Mill. in 2002) are hardly more than guesses at this time.
Eastern Europe: Winter in Russia, Ukraine and Scandinavia has been much colder than in all recent years. Ports in the Northern and Eastern Baltic Sea as well as in the Sea of Azov are ice-bound. Snowcover, which is sufficient by now in Eastern Europe, had been negligible, when frost temperatures set in... more info
The Austrian beer and drinks group, Oesterreichische Brau Beteiligungs AG (BBAG), the holding company for Brau Union AG, has reported preliminary sales for 2002 of €1.117 million, up 1.1% from 2001. Adjusting for the reduced beer taxes in Romania, net sales increased by 2.8% to € 920 million. The beer division contributed with 89% to the total sales.
Beer sales volumes rose by 1% surpass the 13 million hectoliter threshold for the first time. Gösser volume rose by 5.8%, mainly due to the Romanian start and the more than 100% increase of the license production in Russia. Kaiser was 4.7% below last year's volumes. This performance coincides with the strong growth of the Hungarian brand "Soproni Àszok". Zipfer was able to increase its position in Austria as well as in the Italian export business and grew by 1.9% in total. With 4.9% Starobrno posted gains in the Czech market as well is in the export business in Sweden and the Slovak Republic.
BBAG has said that it is aiming to become the leading brewing force in Central Europe in 2003 and with this aim in mind has recently begun talks with possible strategic partners for the region.
SABMiller plc, the world’s second largest brewer, reported in a statement on February 04, that its subsidiary in Poland, Kompania Piwowarska S.A. (KP) will acquire a 98.8% stake in the Polish brewer Browar Dojlidy Sp. z o.o. (Dojlidy) and an outstanding shareholder loan from Radeberger Gruppe AG for a cash consideration of EUR 35.15 million (about US$37.89 million). The acquisition is conditional upon the satisfactory completion of a due diligence review by Kompania Piwowarska and the approval of the Polish Office for Protection of Competition and Consumers and the Ministry of Interior.
"This acquisition, which further consolidates our operations in Poland, gives us the opportunity to grow Dojlidy's core brands across our existing distribution platform. It builds on our strategy of optimising and expanding our established positions in developing markets and we anticipate additional benefits, such as procurement and distribution synergies, from integrating the business into KP,'' Graham Mackay, Chief Executive of SABMiller said... more info
Ukraine may import more caramel malt in 2003, the Ukrainian analysts reported. According to Galina Korenikova, the assistant director of ZAO “Ukrpivo”, Ukraine doesn’t produce caramel malt but its demand comes up to 8-9 thousand tons per annum. As the request for dark beer went up this year, a rise of its production is forecasted, that will drive to a rise of caramel malt import, Galina Korenikova said.
The import of barley malt will remain at the same level – of about 50 thousand ton. However analysts predict a poor crop of barley while 350 thousand tons of barley are necessary to produce the needed malt at a medium harvest of 10 million tons.
In 2002 Ukraine produced about 173.301 thousand tons of malt – 20.5 thousand tons more than in 2001.
3. Theoretical malt prices.
| EURO = USD 1.0836 February 07, 2003 |
| Crop year |
2002 |
| Parity |
FOB Antwerp |
| Position |
Oct 2002-Sept 2003 |
| Conditioning |
Bulk |
In bags |
Bulk containers |
In bags in containers |
| Malting barley variety |
EURO |
USD |
EURO |
USD |
EURO |
USD |
EURO |
USD |
| 2RS |
Prisma |
296.50 |
321.50 |
312.00 |
338.00 |
309.00 |
334.50 |
318.00 |
344.50 |
| 2RS |
Scarlett |
299.00 |
324.00 |
314.50 |
340.50 |
311.50 |
337.50 |
320.50 |
347.50 |
| 2RS |
Aspen |
295.50 |
320.00 |
310.50 |
336.50 |
307.50 |
333.50 |
317.00 |
343.50 |
| 2RS |
Optic |
295.50 |
320.00 |
310.50 |
336.50 |
307.50 |
333.50 |
317.00 |
343.50 |
| 2RS |
Nevada |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
| 2RS |
Astoria |
288.00 |
312.00 |
303.50 |
328.50 |
300.50 |
325.50 |
309.50 |
335.50 |
| 2RS |
Cork |
288.00 |
312.00 |
303.50 |
328.50 |
300.50 |
325.50 |
309.50 |
335.50 |
| 2RS |
Average price |
294.50 |
319.00 |
309.50 |
335.50 |
306.50 |
332.50 |
316.00 |
342.50 |
| 2RS |
FAQ |
286.50 |
310.50 |
302.00 |
327.50 |
299.00 |
324.00 |
308.50 |
334.00 |
| 6RW |
Esterel |
269.00 |
291.50 |
284.50 |
308.50 |
281.50 |
305.00 |
290.50 |
315.00 |
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Theoretical malt prices for crop 2003 are available on site www.e-malt.com
4. Malting barley prices. French barley prices. Nominal prices.
| EURO = USD 1.0836 February 07, 2003 |
| Crop year |
2002 |
2003 |
| Parity |
FOB Creil |
FOB Creil |
| Position |
July 2002 |
July 2003 |
| Type |
Variety |
EURO |
USD |
EURO |
USD |
| 2RS |
Scarlett |
145.00 |
157.50 |
145.00 |
157.50 |
| 2RS |
Prisma |
143.00 |
155.00 |
nq |
nq |
| 2RS |
Prestige |
nq |
nq |
144.00 |
156.50 |
| 2RS |
Aspen |
142.00 |
154.00 |
143.00 |
155.00 |
| 2RS |
Optic |
142.00 |
154.00 |
143.00 |
155.00 |
| 2RS |
Nevada |
nq |
nq |
nq |
nq |
| 2RS |
Astoria |
136.00 |
147.50 |
141.00 |
153.00 |
| 2RS |
Cork |
136.00 |
147.50 |
141.00 |
153.00 |
| 6RW |
Esterel |
124.00 |
134.50 |
123.00 |
133.50 |
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