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E-Malt.com newsletter
February 13 - February 16, 2003
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1. Trading info
At this moment there are
two OFFERS for 2750 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)
Top Industry News
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Japan, Tokyo — Total shipments of beer and low-malt beer known as "happohsu" fell 4.0% in January...
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Ukraine produced about 13254 tons of malt in January 2003 against 15137 tons in December 2002...
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Leaders of beer makers on Estonian market.
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Canadian Big Rock Brewery has released its results for the quarter ended Dec. 31, 2002...
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Bryggerigruppen, the Danish brewing group, has reported that it is aiming to close its Thor brewery at Randers...
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More news are available on site www.e-malt.com
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Having lost the battle on its infamous 'can ban', Denmark is continuing to put obstacles in the way of foreign brewers trying to export to the country
...more info
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SABMiller has called in Nelson Mandela to disperse Miller executives' doubts about the South African Breweries' characteristics in connection with South Africa's apartheid past
...more info
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USA: - Small brewers in the state of Washington went to the state legislature this week to protest proposals that would significantly raise taxes on beer
...more info
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Raisio Malt, Finland’s largest producer of brewing malt, has reported flat sales for its malt division in 2002 at EUR 30.2m(30.7)
...more info
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The Polish government might temper its law on beer advertising this week. A Polish parliamentary committee has recommended that beer advertisements could be broadcast
...more info
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The year 2004 will experience market pressure, as the malting industry goes through a phase of major capacity expansion
...more info
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Ukrainian breweries of free alcohol beer produced about 147.2 million dekalitres of beer for 2002 year. These results were reached due to the equipment modernization and
...more info
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SUN Interbrew Ukraine has increased its beer output by 57.9% in the first month of the current year if compared to January 2002 and produced about 2.95 million dekalitres of beer
...more info
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Anheuser-Busch, Inc., announced on February 10 that Michelob AmberBock, its best-selling specialty beer, will be the "official beer" sponsor of the American Poolplayers Association ...more info
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Following speculation that Interbrew, the Belgian brewing force, is about to launch a bid to acquire a 40% stake in the Italian brewer, Peroni, company’s shares have fallen
...more info
2. Industry news
Japan, Tokyo — Total shipments of beer and low-malt beer known as "happohsu" fell 4.0% in January from a year earlier, down for the fifth consecutive month, according to January 13 data released by Japan's five leading brewers.
Shipments of beer and happoshu in January totaled 346,130 kiloliters, according to Asahi Breweries Ltd., Kirin Brewery Co, Sapporo Breweries Ltd, Suntory Ltd and Orion Breweries Ltd.
Happoshu accounted for 35.9% of the overall beer market, up 2.2 percentage points from December last year.
Ukraine produced about 13254 tons of malt in January 2003 against 15137 tons in December 2002, Ukrainian official sources reported. For the whole 2002 year Ukrainian malt production totalled 173301 tons – 5679 tons (3.3%) more than in 2001.
Taking into account import (44219 tons) and export (800 tons) the demand of Ukrainian beer makers for malt totalled about 217-218 thousand tons. In 2003 Ukraine also imports about 8-9 thousand tons of caramel malt and hence in 2003 Ukrainian demand for malt averages 225 thousand tons.
The leading company on the Estonian market is Saku brewery with 47% stake, according to Estonian union of beer makers. The second place belongs to AS Tartu Õlletehas brewery with 37% stake. Viru Olu holds the third place with 6% stake. Then comes Viru-Nigula with 2% and Saaremaa Õlletehas with 0.5%.
According to the Union, beer consumption per capita in Estonia increased with 3 litres in 2002 from 67 litres in 2001 to 70 litres. Estonian beer market increased by 4.5% in 2002 and averaged 95.8 million litres of beer, 4.4 million litres of which was imported. Saku Õlletehas, the biggest Estonian brewer held about 49% stake on beer market in 2001.
Canadian Big Rock Brewery has released its results for the quarter ended Dec. 31, 2002. Gross sales revenue increased to $9,246,750 this quarter from $7,519,658 in the same quarter last year, a 23-per-cent increase. In terms of volume, hectolitres sold increased to 35,308 from 27,669 the previous year, a 28-per-cent increase.
The reorganization of Big Rock into a trust resulted in a one-time charge of $728,890 to current period earnings. Thus earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter was down 32 per cent to $698,960 from last year EBITDA of $1,022,239 and net income for the quarter was $27,074, down from $709,260 last year... more info
Bryggerigruppen, the Danish brewing group, has reported that it is aiming to close its Thor brewery at Randers in northern Denmark, during the third quarter of 2003. The company will keep the Thor brand, however, but brew the beer at its remaining plants. The Randers facility, with a staff of some 150 people, is currently used for the production of the Thor brand which will now be moved to the company's breweries in Aarhus in central Denmark or Faxe in the east of the country.
The company has also reduced its pre-tax profit forecast for 2003 by DKr40m (US$5.8m/ˆ5.4m) to between DKr210m (US$30.6m/ˆ28.3m) and DKr235m (US$34.2m/ˆ31.6m) as a result of the closure. However, Bryggerigruppen said the closure would boost pre-tax profit in 2004 by DKr15m (US$2.2m/ˆ2.0m).
3. Theoretical malt prices.
| EURO = USD 1.0835 February 14, 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 |
322.00 |
312.50 |
338.50 |
309.50 |
335.50 |
318.50 |
345.50 |
| 2RS |
Scarlett |
298.50 |
323.50 |
313.50 |
340.00 |
310.50 |
336.50 |
320.00 |
346.50 |
| 2RS |
Aspen |
296.00 |
320.50 |
311.50 |
337.50 |
308.50 |
334.00 |
317.50 |
344.00 |
| 2RS |
Optic |
296.00 |
320.50 |
311.50 |
337.50 |
308.50 |
334.00 |
317.50 |
344.00 |
| 2RS |
Astoria |
291.50 |
316.00 |
307.00 |
332.50 |
304.00 |
329.50 |
313.00 |
339.50 |
| 2RS |
Cork |
290.50 |
314.50 |
305.50 |
331.50 |
302.50 |
328.00 |
312.00 |
338.00 |
| 2RS |
Average price |
295.50 |
320.00 |
311.00 |
337.00 |
308.00 |
333.50 |
317.00 |
343.50 |
| 2RS |
FAQ |
289.00 |
313.50 |
304.50 |
330.00 |
301.50 |
326.50 |
310.50 |
336.50 |
| 6RW |
Esterel |
270.00 |
292.50 |
285.00 |
309.00 |
282.00 |
305.50 |
291.50 |
315.50 |
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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 1.0835 February 14, 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 |
156.50 |
142.00 |
154.00 |
| 2RS |
Prisma |
143.50 |
155.50 |
nq |
nq |
| 2RS |
Prestige |
nq |
nq |
143.00 |
155.00 |
| 2RS |
Aspen |
142.50 |
154.50 |
141.00 |
153.00 |
| 2RS |
Optic |
142.50 |
154.50 |
142.00 |
154.00 |
| 2RS |
Astoria |
139.00 |
151.00 |
140.00 |
152.00 |
| 2RS |
Cork |
138.00 |
149.50 |
140.00 |
152.00 |
| 6RW |
Esterel |
124.50 |
135.00 |
124.50 |
135.00 |
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