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E-Malt.com Newsletter 05b
January 28 - January 31, 2010
Open!
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Quote of the week

"The surest way not to fail is to determine to succeed."
Richard Brinsley Sheridan
Currency Rates
Base Currency: Euro, EUR
on 29-January-2010

1 EUR = 1.4003 USD
1 EUR = 0.8648 GBP
1 EUR = 1.4868 CAD
1 EUR = 1.5583 AUD
1 EUR = 126.221 JPY
1 EUR = 2.6095 BRL
1 EUR = 42.5004 RUB
1 EUR = 9.5738 CNY
Base Currency: US Dollar
on 29-January-2010

1 USD = 0.7142 EUR
1 USD = 0.6176 GBP
1 USD = 1.0618 CAD
1 USD = 1.1128 AUD
1 USD = 90.1365 JPY
1 USD = 1.8635 BRL
1 USD = 30.3507 RUB
1 USD = 6.8369 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change Trend

January 29, 2010

Type Crop 2009 Crop 2010
2rs Barley EUR97.0-101.0 1.00% EUR123.0-127.0
6rw Barley EUR93.0-97.0 EUR112.0-116.0
2rs Malt EUR278.0-282.0 0.53% EUR309.0-313.0
6rw Malt EUR273.5-277.5 EUR295.5-299.5
Feed Barley EUR90.0-94.0 1.08% 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

Germany: Last year’s beer sales down 2.8% ...Click here
United Kingdom: 2009 beer sales fall less than in 2008 ...Click here
Bulgaria: Beer sales drop by 11% in 2009 ...Click here
Japan: Sapporo Holdings expects FY2009 net income to exceed previous forecast ...Click here
Slovenia & Croatia: Slovenia’s leading brewer to sell or close its Croatian unit ...Click here
Canada: Barley exports forecast to decline to 2.3 mln tonnes in 2009/10 and 2010/11 ...Click here
United States: The only way to increase barley exports is to plant more - experts ...Click here


More News


Belgium: Heineken’s Belgian brewery workers protesting against job cuts ...More Info
Australia: Foster’s beer division welcomes new Managing Director ...More Info
United Kingdom: Diageo to expand range of beers offered to UK consumers ...More Info
EU: Malting barley not demanded despite declining prices ...More Info
Philippines: San Miguel Brewery planning to borrow $300 mln ...More Info
Belarus: Malt output declines by 35% in 2009 ...More Info
Canada: CWB leaves PRO values of malting barley 2009-10 unchanged ...More Info
India: Carlsberg India gets new head ...More Info
Serbia: Government rises excise on beer ...More Info
Croatia: Croatia’s oldest brewery still unsold ...More Info
Kenya: Tusker Malt Lager rebranded in quest of new customers ...More Info
Go to our news database with more than 16483 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Germany: Last year’s beer sales down 2.8%

Beer consumption in Germany fell 2.8 percent in 2009 amid the worst recession since World War II, the biggest drop in 11 years, the Federal Statistics Office (Destatis) announced on January, 28.

German brewers and distributors sold 100 million hectolitres of beer and beer-mix drinks last year. The volume has fallen every year since 2006, when Germany’s hosting of the soccer World Cup boosted beer sales.

Last year’s decline was the biggest since consumption fell 2.9 percent in 1998, according to the Wiesbaden-based statistics office. The data don’t include non-alcoholic beer or beer imported from outside the European Union.

Krombacher Brauerei GmbH, maker of Germany’s best-selling lager, expects beer consumption to decline in its home market this year as an aging population drinks less. Consolidation pressure in Germany is rising, Uwe Riehs, Krombacher’s head of marketing, said in a recent interview.


United Kingdom: 2009 beer sales fall less than in 2008

UK beer sales show signs of lifting out of the recessionary slump as 2009 fourth quarter results show the lowest fall for two years, the British Beer & Pub Association’s (BBPA) reported on January, 28.

According to BBPA’s latest UK Quarterly Beer Barometer, total sales – pubs and supermarkets – for the last three months of 2009 fell by 3.6 per cent, the lowest fourth quarter fall since 2006. Sales for the whole of 2009 fell by 4.2 per cent, compared with 5.5 per cent in 2008.

Sales in pubs, bars and restaurants were down 5 per cent in the final three months of 2009 compared with the same period in 2008 – the lowest final quarter fall since 2006. Sales for the whole of 2009 were down 5.2 per cent – an improvement on the 9.3 per cent slump in 2008 and 6.5 per cent fall in 2007.

Beer sales in supermarkets and shops declined by 2.1 per cent in the final three months of 2009, compared to a fall of 6.4 per cent in the same period in 2008. In the year as a whole, however, off-trade sales fell by 3.1 per cent – the largest fall since records began in ...More Info


Bulgaria: Beer sales drop by 11% in 2009

The members of the Union of Brewers in Bulgaria sold 4.87 mln hectolitres of beer on the market last year, the organization of the brewers announced on January, 28.

About 51 hl were exported to Romania, Macedonia and the Bulgarian communities in EU countries and the U.S.

According to analysts, the nation’s beer sales contracted by 11% in 2009 as compared to 2008.

In 2009, Bulgaria’s consumption of beer per capita was 67 litres, which is almost as much as in 2006.

The nation’s malt consumption for beer totalled 100 thousand tonnes in 2009, of which domestically produced malt accounted for about 60-65 thousand tonnes.


Japan: Sapporo Holdings expects FY2009 net income to exceed previous forecast

Japanese brewer Sapporo Holdings said on January, 28 it expects total net income for fiscal 2009 to be 50% higher than indicated by the consolidated earnings forecast it issued on July 31, 2009.

Net profit is expected to come in at 4.5 billion Yen versus 3.0 billion Yen from the earlier forecast. However, net sales are seen lower, the guidance was lowered by 3.1 percent to 387.5 billion Yen.

Sapporo Holdings expects operating income to reach 12.8 bln Yen. Ordinary income is expected to exceed previous guidance by 2.2 billion yen (at 10.7 bln Yen) and to be higher than in fiscal 2008, when it reached 10.5 bln Yen.


Slovenia & Croatia: Slovenia’s leading brewer to sell or close its Croatian unit

Slovenia's largest beverage producer, brewer Pivovarna Lasko, has said it will sell or close its loss-making Croatian unit, brewery Jadranska Pivovara, in the next few months, Reuters reported on January, 29.

"The unit will have to be closed over the next few months unless a buyer is found by then," Lasko's spokesman Jure Struc said.

Lasko bought Jadranska, based in the Adriatic city of Split, in 2000 and has been trying to sell it for about a year.

Lasko owns 99.1 percent of Jadranska which has 65 employees.

It gave no details of Jadranska's losses.


Barley News

Canada: Barley exports forecast to decline to 2.3 mln tonnes in 2009/10 and 2010/11

Canada’s barley exports are forecast to decline marginally in 2009/10 (to 2.3 mln tonnes from 2.38 mln tonnes in 2008/09), due to strong competition in the world malting barley market, Agriculture and Agri-Food Canada reported on January, 28.

Carry-out stocks are forecast to fall by 23% to 2.2 mln tonnes, slightly below the 10 year average.

For 2010/11, seeded area is forecast to fall by 3% (to 3.4 mln ha) with production down marginally to 9.45 mln tonnes. Total supply is forecast to fall by 6% to 11.69 mln tonnes due to tighter carry-in stocks. Domestic feed use is expected to decrease due to lower livestock numbers and competition from dried distillers grain.

Total exports 2010/11 are forecast to remain steady at 2.3 mln tonnes. Carry-out stocks are expected to fall by 5% to 2.1 mln tonnes. The off-Board price of feed barley is forecast to rise slightly from 2009-10.


United States: The only way to increase barley exports is to plant more - experts

The size of the barley crop in the state of Washington is down dramatically over the past decade, Keith Bailey, AgVentures CEO and industry representative on the Washington Grain Commission, was quoted as saying by Capital Press on January, 29.

Many barley acres came out as farmers put their land into the Conservation Reserve Program or planted wheat, Bailey said.

Lower feed barley production in Washington raises concerns about interest in the crop, said Dan Mader, president of the National Barley Foods Council and a member of the Idaho Barley Commission. Critical mass is necessary to keep exporters to handle and house the crop.

Besides Washington state, other primary barley-producing states are Idaho, Montana and North Dakota. The bulk of barley acres are malting barley, Mader said. US malting barley primarily goes into the domestic market, but the industry is looking to enter the export market, garnering interest from Central and South America, Mader said.

Because the U.S. has not been competitive against Australia, Ukraine and Canadian barley, exports are at a record low.

The only way to increase supplies for export would be to increase barley acreage, said Ty Jessup, merchandiser with CLD Pacific Grain and industry representative on the ...More Info

Scientific Digest

Modelling of Yeast in Suspension During Malt Fermentation Assays

Joseph C. Lake, R. Alex Speers, Tom A. Gill, Anna-Jean M. Reid and Douglas S. Singer

J. Inst. Brew. 115(4), 296–299, 2009 ABSTRACT
Premature yeast flocculation (PYF) is a poorly understood condition leading to attenuation of fermentation and poor alcohol yields. The yeast in suspension in fermenting worts prepared from either normal or premature flocculating malts was continually measured during the small 15 mL fermentation test recently developed in the Dalhousie laboratories. A simple inexpensive monitoring system was constructed from a laser level, photometric cell and data logger. This system allowed non-destructive data collection of absorbance data (over 700 data points per fermentation) at ~650 nm. A non-linear modeling technique was applied to the data, and yielded two best-fitting logistic models. The model parameters were quantitatively compared to determine if statistical differences between PYF and normal wort were apparent. A student’s t test of the logistic parameters indicated a significant difference (p > 0.025) between control and PYF worts for the increase in absorbance at the beginning of the fermentation. A significant difference (p > 0.0001) in the inflection time of absorbance down-curve between the control and PYF wort was also noted. Key words: fermentation, flocculation, malt, PYF, yeast.
Load full article, 4 pages, 873kb , PDF file


Barley Prices
EURO = USD 1.4003 January 29, 2010  
 Crop year   2009   2010 
 Parity   FOB Creil   FOB Creil 
 Position   July 2009   July 2010 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  101.00  141.50  127.00  178.00 
2RS  Prestige  100.00  140.50  126.00  176.50 
2RS  Cellar  99.00  139.00  125.00  175.50 
2RS  Sebastien  98.00  137.50  124.00  174.00 
2RS  Tipple  98.00  137.50  124.00  174.00 
2RS  Henley  98.00  137.50  124.00  174.00 
6RW  Esterel   95.00  133.50  114.00  160.00 

French Feed Barley Prices. Nominal prices
EURO = USD 1.4003 January 29, 2010
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 92.00 128.83


Theoretical Malt Prices

  EURO = USD 1.4003 January 29, 2010 
Crop year  2009 
Parity  FOB Antwerp 
Position  Jan 2010 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  282.50  395.50  314.00  439.50  306.00  428.50  320.50  448.50 
2RS  Prestige  281.50  394.00  312.50  437.50  305.00  427.00  319.00  447.00 
2RS  Cellar  280.00  392.50  311.50  436.00  303.50  425.00  318.00  445.00 
2RS  Sebastien  279.00  390.50  310.00  434.00  302.50  423.50  316.50  443.50 
2RS  Tipple  279.00  390.50  310.00  434.00  302.50  423.50  316.50  443.50 
2RS  Henley  279.00  390.50  310.00  434.00  302.50  423.50  316.50  443.50 
2RS   Average price  280.00  392.50  311.50  436.00  303.50  425.00  318.00  445.00 
6RW  Esterel   275.50  385.50  306.50  429.00  298.50  418.50  313.00  438.00 
Asia Malt 70/30  278.50  390.00  310.00  434.00  302.50  423.00  316.50  443.00 
**  Asia Malt 50/50  277.50  388.50  309.00  432.50  301.50  421.50  315.50  441.50 


EURO = USD 1.4003 January 29, 2010 
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  313.50  438.50  344.50  482.50  337.00  471.50  351.00  491.50 
2RS  Prestige  312.00  437.00  343.50  480.50  335.50  470.00  349.50  489.50 
2RS  Cellar  311.00  435.00  342.00  479.00  334.50  468.00  348.50  488.00 
2RS  Sebastien  309.50  433.50  340.50  477.00  333.00  466.50  347.50  486.50 
2RS  Tipple  309.50  433.50  340.50  477.00  333.00  466.50  347.50  486.50 
2RS  Henley  309.50  433.50  340.50  477.00  333.00  466.50  347.50  486.50 
2RS   Average price  311.00  435.00  342.00  479.00  334.50  468.00  348.50  488.00 
6RW  Esterel   297.50  416.50  328.50  460.00  321.00  449.00  335.00  469.00 
Asia Malt 70/30  306.50  429.50  338.00  473.00  330.50  462.50  344.50  482.50 
**  Asia Malt 50/50  304.00  425.50  335.50  469.50  327.50  458.50  342.00  478.50 

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

Malt is insignificant in the price of beer but
of prime necessity to produce natural beer of quality
in Euros January
  2006 2007 2008 2009 2010 Future?
Barley Price per Ton (average) 109.99 203.11 298.48 123.58 104.71 100.00
Barley into Malt - per Ton (at 1.25 coef.) 137.49 253.89 373.10 154.48 130.89 125.00
Production Finance and Dep. Costs + Margin per Ton 65 125 120 145 95 95
Price per Ton of Malt 202.49 378.89 493.10 299.48 225.89 220.00
Price per KG of Malt 0.202 0.379 0.493 0.299 0.226 0.220
KGs of Malt per HL of Beer 15 15 15 15 15 15
Price of Malt per HL of Beer 3.04 5.68 7.40 4.49 3.39 3.30
Malt Price in 25 cl Glass of Beer 0.008 0.014 0.018 0.011 0.008 0.008
Average Price of a 25 cl Glass of Beer 2.5 2.5 2.5 2.5 2.5 2.5
Malt Price % in a Glass of Beer 0.30 0.57 0.74 0.45 0.34 0.33
Graph of the Week


Source: USDA

These Days in Business History
January 28
1878 1st telephone exchange (New Haven, CT)
1878 Yale Daily News published, 1st college daily newspaper
1998 Michelangelo's "Christ & the Woman of Samaria", sold for $7.4 million

January 29
1886 1st successful gasoline-driven car patented, Karl Benz, Karlsruhe
1986 193.8 million shares traded in NY Stock Exchange
1988 United Airlines Boeing 747SP, circles world in 36h54m15s
January 30
1922 World Law Day, 1st celebrated
1951 Ferdinand Porsche, German car inventor (Porsche), dies at 75
1995 Belgium's TV channel 2 in Flanders goes on the air

January 31
1956 The twist off bottle cap is invented
1973 Ragnar Frisch Norwegian economist (Nobel 1969), dies at 77
1990 McDonald’s opens its first restaurant in Russia.
Agenda