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E-Malt.com newsletter
February 10 - February 12, 2003
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1. Trading info
At this moment there are
three 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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EU malt export licence fixations (July 01, 2002 – January 29, 2003.
Click here
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Shares in Scottish & Newcastle Plc gained over three percent on Monday as investors saw value following a recent 24% slide and...
Click here
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2003 crop expectations of barley in North America and Australia.
Click here
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Foster’s Group Limited announced on February 11 strong performances for the half-year ended 31 December 2002
Click here
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Amstel Beer is set to remain a sponsor of the UEFA Champions League in the coming years, the Dutch brewer Heneken reported on February 6.
Click here
More news are available on site www.e-malt.com
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One of the four biggest Ukrainian breweries, ZAO “Sarmat” (Donetsk), has increased its beer output by 19.8% up to 706.7 thousand dekalitres in January
...more info
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Trading in the shares of Chinese brewer, Guangdong Brewery Holdings, on the Hong Kong Stock Exchange has been suspended at the company's request
...more info
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Lion Nathan, the Australian beer and wine group, has reported that it is going to record a net profit of A$180m (US$107m) for the 2003 fiscal year...more info
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The Belgian beer giant, Interbrew, is aiming to make a bid for a 40% stake in the Italian brewer, Peroni...more info
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The German brewer, Hasseröder, gave a face-lift to its products in order to boost sales in the UK, according to The Publican...more info
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Interbrew, The World's Local Brewer©, has announced the introduction of a new innovative beer packaging called PIVOPACK...more info
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Amstel Beer is set to remain a sponsor of the UEFA Champions League in the coming years, the Dutch brewer reported on February 6...more info
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San Miguel Corp, Southeast Asia's biggest food and beverage group, is likely to post solid profits in the fourth quarter to cap a decent 2002...more info
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Empresas Polar, the biggest Venezuelan brewer, has restarted production after closing during the country's lengthy general strike...more info
2. Industry news
EU malt export licence bookings for the period of July 1, 2002, until January 28, 2003, are 1,316,111 tons versus 1,395,443 tons during the same period of last year. At the same pace of licence fixations until the end of the crop year on June 30, bookings would reach a figure of 2.25 Mill. tons. The export surplus of the EU is approximately 2.4 Mill. tons. Because of the circumstances mentioned below, licence fixations, which correspond more or less to export shipments, must be considered satisfactory. To see the table
Shares in Scottish & Newcastle Plc gained over three percent on Monday as investors saw value following a recent 24% slide and were cheered by takeover talk surrounding brewers in Italy and Austria, according to Reuters.
Scottish & Newcastle was at 364 pence by 1345 GMT, turning up after near-continuous losses since early January, after speculation it could be among a pack of firms interested in a stake in Italian beer brewer Peroni.
The rebound in S&N shares came after Britain's biggest brewer last Monday put a question mark over its dividend policy and expansion plans after fresh problems at its UK beer unit Scottish Courage.
"This is a bit of a relief rally, investors are looking for value," said analyst David Liston of UK private client fund manager Gerrard... more info
North America: The barley provinces and states of Canada and the U.S. have experienced unusual weather conditions so far this winter. It has been much too warm until mid January, when the weather changed to strong frost. There is almost no snow on the ground. Especially the Great Plains from the Rockies to Kansas depend very much on winter precipitation, as spring and summer rainfall is rare. Mississippi navigation is impaired, water level at St. Louis is 3 meters below normal. These extreme conditions are attributed to the El Nino weather pattern, and experts cannot agree, when the negative effects of the present El Nino will weaken or disappear. U.S. barley acreage is forecast to increase substantially, as prices are high and U.S. maltsters and brewers have concluded large contracts with growers following the crop disaster of 2002. Acreage in Canada is expected to be unchanged or lower, there is a lack of quality seed and a preference of farmers for other grains and colza.
Australia: Heat and drought have lasted nine months by now. Temperatures soared above 40 degrees (104 Fahrenheit), there were forest fires all over the country, and livestock numbers have declined sharply because of the lack of feed and water. There is 4-5 months time until winter planting of grains, but very substantial rainfalls will be needed to replenish soil moisture to a level, which make regular crops possible.
Foster’s Group Limited announced on February 11 strong performances for the half-year ended 31 December 2002: net profit after tax of $335.3 million was 4.1% higher than the previous corresponding period. On a normalised basis, adjusting for SGARA1, significant items and amortisation, net profit after tax was $355.6 million, 9.4% higher than the previous comparative period. Margins improved in the Australian beer business and were maintained in the global wine trade division. Operating revenue increased 6.4% to $2.7 billion. Net sales revenue increased 6.1% to $2.5 billion. Operating cashflow (after interest and tax) of $225.7 million was significantly higher than the prior year amount of $58.4 million. Earnings per share rose 1.9% to 16.2 cents per share. Calculated on a normalised basis, earnings per share increased 7.5% to 17.3 cents... more info
Amstel Beer is set to remain a sponsor of the UEFA Champions League in the coming years, the Dutch brewer Heneken reported on February 6. Today Amstel and UEFA announced that Amstel, Europe's second largest beer brand, has committed to a new three-year contract (2003-2006) as one of the main sponsors of the UEFA Champions League. The relationship between Amstel and UEFA is one of the longest lasting in UEFA Champions League history. In 2004 the relationship between Amstel and UEFA will exist for ten years.
Gary den Hertog, Deputy Director Corporate Marketing Heineken N.V., is pleased with the renewed agreement: "The UEFA Champions League provides us with an ideal platform to leverage the Amstel brand and its core association with football and its fans. For years we have identified ourselves with the fans who consider football as the sport that connects people, inspires them and gives them great pleasure. We want to share these unique emotions with the fans. Our sponsorship of the UEFA Champions League implies much more than just supplying beer and advertising in stadiums and on television. In the coming three years this will again be apparent in all the activities we will organise throughout Europe."... more info
3. Theoretical malt prices.
| EURO = USD 1.0739 February 11, 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 |
297.00 |
319.00 |
312.50 |
335.50 |
309.50 |
332.50 |
318.50 |
342.50 |
| 2RS |
Scarlett |
298.50 |
320.50 |
313.50 |
337.00 |
310.50 |
333.50 |
320.00 |
343.50 |
| 2RS |
Aspen |
296.00 |
318.00 |
311.50 |
334.50 |
308.50 |
331.00 |
317.50 |
341.00 |
| 2RS |
Optic |
296.00 |
318.00 |
311.50 |
334.50 |
308.50 |
331.00 |
317.50 |
341.00 |
| 2RS |
Astoria |
291.50 |
313.00 |
307.00 |
329.50 |
304.00 |
326.50 |
313.00 |
336.50 |
| 2RS |
Cork |
290.50 |
312.00 |
305.50 |
328.50 |
302.50 |
325.00 |
312.00 |
335.00 |
| 2RS |
Average price |
295.50 |
317.50 |
311.00 |
334.00 |
308.00 |
330.50 |
317.00 |
340.50 |
| 2RS |
FAQ |
289.00 |
310.50 |
304.50 |
327.00 |
301.50 |
323.50 |
310.50 |
333.50 |
| 6RW |
Esterel |
270.00 |
289.50 |
285.00 |
306.50 |
282.00 |
303.00 |
291.50 |
313.00 |
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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 1.0739 February 11, 2003 |
| Crop year |
2002 |
2003 |
| Parity |
FOB Creil |
FOB Creil |
| Position |
July 2002 |
July 2003 |
| Type |
Variety |
EURO |
USD |
EURO |
USD |
| 2RS |
Scarlett |
144.50 |
155.50 |
145.00 |
156.00 |
| 2RS |
Prisma |
143.50 |
154.50 |
nq |
nq |
| 2RS |
Prestige |
nq |
nq |
144.00 |
155.00 |
| 2RS |
Aspen |
142.50 |
153.50 |
142.00 |
152.50 |
| 2RS |
Optic |
142.50 |
153.50 |
143.00 |
153.50 |
| 2RS |
Astoria |
139.00 |
149.50 |
141.00 |
151.50 |
| 2RS |
Cork |
138.00 |
148.50 |
141.00 |
151.50 |
| 6RW |
Esterel |
124.50 |
134.00 |
124.50 |
134.00 |
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