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E-Malt.com Newsletter 13b
March 25 - March 28, 2010
Open!
Click here to get full size Newsletter


Quote of the week

"The day you decide to do it is your lucky day"
Japanese proverb
Currency Rates
Base Currency: Euro, EUR
on 26-March-2010

1 EUR = 1.3326 USD
1 EUR = 0.8952 GBP
1 EUR = 1.3614 CAD
1 EUR = 1.4632 AUD
1 EUR = 123.062 JPY
1 EUR = 2.4125 BRL
1 EUR = 39.4589 RUB
1 EUR = 9.1114 CNY
Base Currency: US Dollar
on 26-March-2010

1 USD = 0.7506 EUR
1 USD = 0.6717 GBP
1 USD = 1.0216 CAD
1 USD = 1.0979 AUD
1 USD = 92.3578 JPY
1 USD = 1.8104 BRL
1 USD = 29.6108 RUB
1 USD = 6.8374 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change Trend

March 26, 2010

Type Crop 2009 Crop 2010
2rs Barley EUR93.0-97.0 1.04% EUR121.0-125.0
6rw Barley EUR91.0-95.0 1.06% EUR108.0-112.0
2rs Malt EUR271.5-275.5 0.36% EUR302.5-306.5
6rw Malt EUR269.0-273.0 0.37% EUR286.5-290.5
Feed Barley EUR85.0-89.0 1.14% 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

China: Snow beer sales volume up by 18.8% in 2009 ...Click here
South Africa: Heineken, Diageo officially open Sedibeng brewery ...Click here
Russia: Beer sales in cities total 6 mln hl in 2009 - Nielsen ...Click here
Argentina: Beer consumption totals 17 mln hl last year ...Click here
France: Winter malting barley starts to attract some buyers’ interest ...Click here
United States: Malting barley hard to sell, even at prices barely above the feed market level - expert ...Click here


More News


World: AB InBev launches $3.25 billion four-part note sale - report ...More Info
United States: AB InBev’s and SABMiller’s beers recognised as one of the most successful brands launched in 2009 ...More Info
Ukraine: SABMiller’s Sarmat brewery manages to reduce loss in 2009 ...More Info
Canada: Barley values reduced in CWB’s March PRO for 2010/11 ...More Info
Romania: Ursus Breweries has new head ...More Info
Russia: Ochakovo brewery withdraws from the Union of Russian Brewers ...More Info
Ukraine: Bad time for light beers ...More Info
Go to our news database with more than 16745 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

China: Snow beer sales volume up by 18.8% in 2009

China Resources Enterprise, Limited said on March, 25 its beverage division delivered strong performance in 2009 with turnover and earnings climbing by 17.6% and 67.2% to new highs of HK$20,470 million and HK$684 million respectively.

Benefiting from product mix optimization, product upgrade and product display innovation, sales volume of beer rose by 15.3% to approximately 8,371,000 kiloliters.

Sales volume of Snow beer, the company’s national brand produced in cooperation with SABMiller, expanded further by 18.8% to about 7,244,000 kiloliters, consolidating its position as one of the leading beer brands in the world.

Strong volume growth has driven the turnover and earnings of the beer operation to soar by 17.6% and 81.2% to HK$18,878 million and HK$540 million respectively, China Resources said.

The company said it anticipates both the macroeconomic environment and consumer spending on the mainland to extend gains.

"In 2010, the Group's operating environment is expected to improve further on the back of a strengthening economy and the central government's policy in spurring domestic consumption," chairman Qiao Shibo said.

"Moving forward as a pure consumer play, we will keep strengthening our three core businesses to improve our profitability while actively extending our presence in the fast-growing China consumer market," Qiao said.


South Africa: Heineken, Diageo officially open Sedibeng brewery

On March 25, Dutch brewing giant Heineken officially opened Sedibeng, a large-scale brewery located south of Johannesburg, a move set to challenge the world’s second-largest brewer SABMiller Plc in its home market, The Wall Street Journal communicated on March, 26.

The plant begins with annual capacity of three million hectolitres but can be expanded to six million, which would work out to about 120 million 66-centiliter bottles. The opening gives Heineken the ability to brew its namesake and Amstel brands locally for the first time since 2007, when it terminated SABMiller's license to brew Amstel.

"If you have to compete against SAB, you need to have strong fundamentals and a large brewery," said Tom de Man, president of Heineken's operations in Africa and the Middle East.

Mr. De Man declined to specify the savings the companies expect by producing drinks in South Africa and sourcing bottles locally, but he said the €310 million ($413 million) brewery will increase profitability and make it easier to grow volumes.

Beer companies have increasingly focused on developing economies as sales in Europe and the U.S. have slowed. Sales by volume grew 7.2% in South Africa from 2004-2009, compared with growth of 5.6% in the U.S. and ...More Info


Russia: Beer sales in cities total 6 mln hl in 2009 - Nielsen

Volume of beer sold in Russian cities amounted to 6 mln hl (297 bln roubles in money terms) last year, Financial Izvestya cited Nielsen data on March, 25.

At the moment, the demand for beer remains stable thanks to brewers holding prices at the expense of their own margins. But it is highly unlikely that the beer prices will remain “frozen” for a long time – the brewers will be too tempted to raise them as the season is close at hand already, experts said.

The nation’s beer output dropped by 29.2% in January – February 2010 as a result of a drastic increase in excise taxes on beer.


Argentina: Beer consumption totals 17 mln hl last year

Argentina’s total beer consumption reached about 17 mln hl in 2009, which implies per capita beer consumption was 44 litres, Mundo Cerveza posted on March, 23.

The nation’s beer market is dominated by AB InBev’s Quilmes, which claims a market share of about 74%, followed by CCU with a 23% market share, whereas the rest is held by the German Isenbeck brewery.

The most popular beer brands in Argentina are Quilmes (40%) and Brahma, both brewed by Quilmes, Mundo Cerveza informs. About 80% of all beer sold in the country is consumed at home.

Premium beer segment accounts for about 15% of the total market and is led by Stella Artois (Quilmes) and Heineken (CCU).


Barley News

France: Winter malting barley starts to attract some buyers’ interest

A new trend has become apparent on the French malting barley markets this week: buyers have shown some interest in winter barley varieties of the campaign 2010/11, La Depeche posted on March, 26.

Though deals are now closed on both spring and winter malting barley, the prices have remained much the same, market sources said.

The market is now closely watching the outcome of the sowing in Germany and Scandinavia.


United States: Malting barley hard to sell, even at prices barely above the feed market level - expert

Elevators offering cash prices for malting barley remain few and far between, whereas feed barley prices have retreated another dime or so during the past two weeks, Farm & Ranch Guide cited Randy Brag with Valley Grain Services in Casselton on March, 24.

The reason for the downward pressure is farmers have been marketing some barley, even at the depressed prices, in order to pay down loans or getting operating capital for the coming crop year, Brag said.

“The prices are in the tank right now, but the farmers need a little cash,” he said. “Plus, there are some who have been able to deliver on their malting barley contracts and have a little extra that's going on the feed market.

“On the sales side, we have no exports and in the domestic usage there is really nothing exciting going on.”

According to Brag, the malting barley market started opening up three weeks ago or so, allowing the farmers to start moving their 2009 crop to the maltsters. But those growers who were hoping to sell directly off the combine are about five months behind and instead they are starting to move their crop in February.

And the maltsters, from what Brag has heard, aren't ...More Info

Scientific Digest

The Release of Ferulic Acid and Feruloylated Oligosaccharides During Wort and Beer Production

Dominik Szwajgier, Jacek Pielecki1 and Zdzisław Targoński

J. Inst. Brew. 111(4), 372–379, 2005 ABSTRACT
Ferulic acid, a very attractive natural antioxidant is present in beer in free form, but the main form is the bound form as feruloylated oligosaccharides. Previous research showed that feruloylated oligosaccharides more effectively inhibited lipid and Low Density Lipoprotein oxidation than free ferulic acid. The aim of the present study was to evaluate free and bound ferulic acid concentrations throughout the brewing process in experimental mashes (worts, beers during fermentation, maturation and storage), and to conduct a comparison in commercial beers. Another aim of the study was to investigate methods to increase levels of bound ferulic acid in beer due to the potential health benefits. Specifically, the influence of commercial enzyme preparations on both forms of ferulic acid contents was studied. Five commercial enzyme preparations during mashing were examined: Celluclast, Shearzyme, Viscozyme, Cereflo and Ultraflo. In all experimental beers, the concentrations of esterified ferulic acid were 4–6 fold higher than the corresponding free ferulic acid contents, depending on the enzyme preparation used. Ferulic acid contents in the ester form in experimental beers were in the range of 748.4 mg/hL to 1244.3 mg/hL, whereas the contents of free ferulic acid were in the range of 134.6 mg/hL to 275.2 mg/hL. Comparison of free and bound ferulic acid contents in experimental beers, produced using enzyme preparations and commercial beers found in a local market, showed that concentrations of bound ferulic acid in experimental beers were significantly higher than in commercial beers, whereas concentrations of free ferulic acid in experimental and commercial beers were comparable. Key words: Antioxidant, beer, ferulic acid, mashing, wort. Load full article, 8 pages, 562kb , PDF file

Barley Prices
French Malting Barley Prices
EURO = USD 1.3326 March 26, 2010  
 Crop year   2009   2010 
 Parity   FOB Creil   FOB Creil 
 Position   July 2009   July 2010 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  97.00  129.50  125.00  166.50 
2RS  Prestige  96.00  128.00  124.00  165.50 
2RS  Cellar  95.00  126.50  123.00  164.00 
2RS  Sebastien  94.00  125.50  122.00  162.50 
2RS  Tipple  94.00  125.50  122.00  162.50 
2RS  Henley  94.00  125.50  122.00  162.50 
6RW  Esterel   93.00  124.00  110.00  146.50 

Nominal French Feed Barley Prices
EURO = USD 1.3326 March 26, 2010
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 87.00 115.94
Canadian Barley Prices, Crop 2009
USD = CAD 1.02, March 26, 2010
Canadian Malting Barley Prices, CWB Quotes/Indications, Basis Export Positionin C$/t
2-Row Malting Barley, Domestic 234.00
2-Row Malting Barley, Off Shore 212.00
2-Row Malting Barley, for USA 212.00
2-Row Malting Barley, for Mexico 212.00
6-Row Malting Barley, Domestic 222.00
6-Row Malting Barley, Off Shore * 200.00
6-Row Malting Barley, for USA 192.00
6-Row Malting Barley, for Mexico 192.00
Canadian Feed Barley Values, Basis Lethbridge non boardin C$/t
Feed Barley, Basis Lethbridge non board 150.00
*rarely traded


US Barley Prices, Crop 2009
USD = EUR 0.75, March 26, 2010
Malting Barley Pricesin US$/t
2-Row Malting Barley, Basis Great Falls, Montana 133.00
6-Row Malting Barley, Basis Minneapolis, Minnesota 107.00
Feed Barley Pricesin US$/t
Feed Barley Basis Great Falls, Montana 120.00
Canadian malt and barley prices as well as US barley prices information provided by
Integrated Malt Barley Management Ltd IMBM


Malt Prices

Theoretical EU Malt Prices
  EURO = USD 1.3326 March 26, 2010 
Crop year  2009 
Parity  FOB Antwerp 
Position  Mar 2010 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  276.00  367.50  307.00  409.00  299.50  399.00  313.50  418.00 
2RS  Prestige  274.50  366.00  306.00  407.50  298.00  397.50  312.50  416.00 
2RS  Cellar  273.50  364.50  304.50  406.00  297.00  395.50  311.00  414.50 
2RS  Sebastien  272.00  362.50  303.50  404.00  295.50  394.00  310.00  413.00 
2RS  Tipple  272.00  362.50  303.50  404.00  295.50  394.00  310.00  413.00 
2RS  Henley  272.00  362.50  303.50  404.00  295.50  394.00  310.00  413.00 
2RS   Average price  273.50  364.50  304.50  406.00  297.00  395.50  311.00  414.50 
6RW  Esterel   271.00  361.00  302.00  402.50  294.50  392.50  308.50  411.50 
Asia Malt 70/30  272.50  363.50  304.00  405.00  296.00  394.50  310.50  413.50 
**  Asia Malt 50/50  272.00  362.50  303.50  404.00  295.50  394.00  310.00  413.00 


EURO = USD 1.3326 March 26, 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  307.00  409.00  338.00  450.50  330.50  440.00  344.50  459.00 
2RS  Prestige  305.50  407.00  336.50  448.50  329.00  438.50  343.50  457.50 
2RS  Cellar  304.50  405.50  335.50  447.00  328.00  437.00  342.00  456.00 
2RS  Sebastien  303.00  404.00  334.50  445.50  326.50  435.50  341.00  454.00 
2RS  Tipple  303.00  404.00  334.50  445.50  326.50  435.50  341.00  454.00 
2RS  Henley  303.00  404.00  334.50  445.50  326.50  435.50  341.00  454.00 
2RS   Average price  304.50  405.50  335.50  447.00  328.00  437.00  342.00  456.00 
6RW  Esterel   288.50  384.50  319.50  425.50  312.00  415.50  326.00  434.50 
Asia Malt 70/30  299.50  399.00  330.50  440.50  323.00  430.50  337.50  449.50 
**  Asia Malt 50/50  296.50  395.00  327.50  436.50  320.00  426.50  334.00  445.00 

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

Canadian Malt Prices
USD = CAD 1.02, March 26, 2010
Theoretical Canadian Malt Prices, Basis Export Position in C$/t
2-Row Malt, Domestic 454.00
2-Row Malt, Off Shore 426.00
6-Row Malt, Domestic 438.00
6-Row Malt, Off Shore* 410.00
*rarely traded
Canadian malt and barley prices as well as US barley prices information provided by
Integrated Malt Barley Management Ltd IMBM
Prices Evolution

Prices evolution

Table of the Week

Finland's Domestic Beer Sales 2001 – 2009
in thousand hl
Year Over 4.7
% alc. vol
2.9 - 4.7
% alc. vol
Max 2.8
% alc. vol
Total
2009 167.70 3960.99 61.49 4190.18
2008 179.98 3930.68 63.62 4174.28
2007 186.38 4014.49 62.30 4263.17
2006 204.15 3985.56 66.99 4256.70
2005 208.41 3973.36 72.82 4254.59
2004 229.50 3865.16 84.45 4179.11
2003 257.19 3679.43 100.84 4037.46
2002 280.18 3737.33 118.57 4136.08
2001 283.35 3680.14 121.12 4084.61
Source: Finnish Federation of the Brewing and Soft Drinks Industry.
Note: The statistics do not include sales by actors outside the Federation, nor private imports of brewery products, which are not statistically recorded.
Graph of the Week


Source: USDA, March 2010

These Days in Business History
March 25
1814 Netherlands Bank established
1954 RCA manufactures 1st color TV set (12½" screen at $1,000)
1957 Treaty of Rome establishes European Economic Community (Common Market)
1970 Concorde makes its 1st supersonic flight (700 MPH/1,127 KPH)

March 26
1780 The British Gazette and Sunday Monitor was published for the first time. It was the first Sunday newspaper in Britain.
1885 Eastman Kodak (Eastman Dry Plate and Film Co.) produced the first commercial motion picture film in Rochster, NY.
1996 The International Monetary Fund approved a $10.2 billion loan for Russia to help the country transform its economy.

March 27
1855 Abraham Gesner patents kerosene
1933 Polythene discovered by Reginald Gibson and Eric William Fawcett
1999 The macro virus "Melissa" was reported for the first.

March 28
1797 Nathaniel Briggs of NH patents a washing machine
1841 1st U.S. steam fire engine tested, New York City
1866 1st ambulance goes into service

Agenda