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E-Malt.com Newsletter 14b
April 01 - April 04, 2010
Open!
Click here to get full size Newsletter


Quote of the week

"Big dreams create the magic that stir men's souls to greatness."
Bill McCartney
Currency Rates
Base Currency: Euro, EUR
on 02-April-2010

1 EUR = 1.353 USD
1 EUR = 0.8874 GBP
1 EUR = 1.3674 CAD
1 EUR = 1.4728 AUD
1 EUR = 126.797 JPY
1 EUR = 2.4014 BRL
1 EUR = 39.7095 RUB
1 EUR = 9.2495 CNY
Base Currency: US Dollar
on 02-April-2010

1 USD = 0.7392 EUR
1 USD = 0.6558 GBP
1 USD = 1.0106 CAD
1 USD = 1.0885 AUD
1 USD = 93.7238 JPY
1 USD = 1.7749 BRL
1 USD = 29.3493 RUB
1 USD = 6.8363 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change Trend

April 02, 2010

Type Crop 2009 Crop 2010
2rs Barley EUR93.0-97.0 EUR124.0-128.0 0.80%
6rw Barley EUR91.0-95.0 EUR110.0-114.0
2rs Malt EUR272.0-276.0 0.18% EUR306.0-310.0 0.33%
6rw Malt EUR269.5-273.5 0.18% EUR289.0-293.0
Feed Barley EUR87.0-91.0 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

Hong Kong: Kingway Brewery reports profit for 2009 versus HK$52 mln loss in 2008 ...Click here
Brazil: Third-largest brewer to invest in capacity expansion ...Click here
Mexico: Shareholders’ refusal to approve the deal with Heineken may cost FEMSA as much as USD200 mln - report ...Click here
Ukraine: Beer exports down 26.1% in Jan-Feb this year ...Click here
United Kingdom: S&N closes brewery in Reading ...Click here
World: Barley output to drop by 3%, areas sown to barley expected to decline in the main barley producers - IGC ...Click here
EU: Malting barley market still dominated by wait-and-see policy ...Click here


More News


China: Tsingtao dismisses accusations of pollution regulations violation ...More Info
Czech Republic: Plzeňský Prazdroj calls for establishing stricter rules in defining Czech beer ...More Info
Australia: AWB’s estimated pool returns for malting barley 2009/10 unchanged ...More Info
United Kingdom: Heineken to launch Foster’s Amber Stout ...More Info
Ukraine: Slavutich brewery starts brewing another Baltika beer ...More Info
Go to our news database with more than 16771 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Hong Kong: Kingway Brewery reports profit for 2009 versus HK$52 mln loss in 2008

Kingway Brewery Holdings Limited announced on March, 31 its consolidated results for the year ended 31 December 2009.

The Hong Kong-based brewer said its beer sales volume increased by 30% versus 2008, to 833 thousand tonnes. Gross profit reached HK$360.9 mln (+ 28.8% versus 2008), whereas EBITDA grew by 32% to HK$237.61 mln.

The company’s profit for the year amounted to HK$14.52 mln versus a loss of HK$52.1 mln reported for the previous year.

In 2009, the production, distribution and sales of Kingway beer remained to be the core business operations of the group.

Consolidated turnover of the group for the year amounted to HK$1.54 bln (2008 (restated): HK$1.335 bln), representing an increase of 15.3% over last year. The average selling price per tonne of beer decreased by 11.3% over last year, which was primarily attributed to the changes in pricing strategy of the selling prices and a dilution of the weighted average selling price per tonne of beer as a result of the increases in sales volume of beer in those regions outside Guangdong Province.

Sales in Mainland China accounted for 95.4% of the consolidated revenue, representing an increase of 16.5% over last year in terms of revenue, whereas the sales in ...More Info


Brazil: Third-largest brewer to invest in capacity expansion

Cervejaria Petropolis, Brazil’s third-largest brewer, plans to invest USD15.6 mln to increase the production capacity of its Petropolis and Teresopolis facilities, local media reported earlier this week.

The brewing capacity of the Petropolis plant will thus expand by 225% to 55 mln litres, it is presumed.

The company also plans to start brewing its Petra beer at its Teresopolis brewery.


Mexico: Shareholders’ refusal to approve the deal with Heineken may cost FEMSA as much as USD200 mln - report

If shareholders of FEMSA do not approve the sale of its beer division to Heineken, the Mexican company will have to pay 200 million dollars for cancellation charge and this will affect the results of the company, such as its financial statements, El Semanario posted on March, 31.

In a press release sent to U.S. Stock Exchange, FEMSA explained that the sale-purchase agreement establishes a fine for the same amount (USD200 mln) in the case they retire or modify the established clauses in the agreement, in order to accept the proposal of the substitute acquisition.

Moreover, the company stated that the transformation of 100% of the operations of FEMSA’s beer division for a stock of 20% in Heineken was approved by the board of administration of the company on December 21, 2009, and published on January 11.

In addition, they will receive 43,018,320 shares from Heineken Holding N.V. and 86,028,019 shares from Heineken Holding N.V. with the obligation to receive 29,172,504 additional shares in a period no longer to five years since the date the agreement is completed. In case Heineken does not fulfil the shares assignment, these could be settled in cash with an important penalization.

Finally, the Mexican beer company ...More Info


Ukraine: Beer exports down 26.1% in Jan-Feb this year

Ukraine’s February beer export volume increased by 34.4%, or 5.2 mln litres, versus January 2010, to 20.68 mln litres, Finance.ua reported on April, 2.

As compared to February 2009, the nation exported 21.1% less beer in February 2010.

In January – February 2010, Ukrainian beer export shrank 26.1% in comparison to the same period last year, to 36.06 mln litres.

In 2009, Ukraine’s beer exports fell by 4.2%, whereas beer imports decreased by 19.4%.

The nation’s biggest beer exporter is Kyiv-based Obolon brewery.


United Kingdom: S&N closes brewery in Reading

Scottish & Newcastle’s (S&N) brewery in Berkshire has shut its doors for the last time after 30 years, BBC reported on April, 2.

The intention to close the former Courage Brewery in Reading was made public in 2008.

S&N, which has since been taken over, said it ended work at the 58-acre site next to the M4 due to an "over-capacity in the UK brewing industry".

"As a business we found that we could take the volume that we produced in Berkshire and put it within the rest of the network," Tom Robinson, general manager of the site, said.

S&N, which has since been taken over by Heineken and Carlsberg, described the move to close the Reading brewery as "the most viable option for going forward".

It came after the company's decision to shut a bottling plant at the Reading site, cutting about 250 jobs.

The staged closure over the last two years has meant many of the brewery’s 362 workers have found new jobs or been redeployed within the company.


Barley News

World: Barley output to drop by 3%, areas sown to barley expected to decline in the main barley producers - IGC

World barley output is expected to decline by 3% this year, IGC said in its latest report.

Total area planted to barley is forecast to shrink by 2% to 55 mln ha (56.1 mln ha in the previous crop year), with reductions expected in the EU, the CIS and North Africa. With close to average barley yields expected, total output will hardly exceed 143.4 mln tonnes (147.9 mln tonnes in 2009), IGC experts said.

In the EU, total area sown to barley is forecast to decline by 1.2 mln ha to 12.7 mln ha, the lowest level in the last decade. Discouraged by low prices and changes to the existing intervention scheme that will take effect next year, farmers will switch to other crops, industry experts said.

Areas sown to winter barley will drop by 7% in the EU, with smaller plantings in Germany, France, Italy and Romania. As for spring barley, the drop is expected to reach 9%. On the other hand, a cold March in the majority of European nations may delay sowings of spring barley as well as affect yields.

EU’s total barley output may drop by 7% to 57.4 mln tonnes (61.7 mln tonnes last crop year), or even 56.6 ...More Info


EU: Malting barley market still dominated by wait-and-see policy

The activity on the French malting barley market is almost nonexistent, La Depeche reported on April, 2.

The offers are limited to the 2010/11 crop. Barley producers are not inspired to negotiations by the current prices. Germany’s barley sowing is progressing well, but the Scandinavian nations are taking their time, so the wait-and-see policy is still dominating the EU markets.

Scientific Digest

Fluorescence Spectroscopy for Characterization and Differentiation of Beers

Ewa Sikorska, Tomasz Górecki, Igor V. Khmelinskii, Marek Sikorski and Denis De Keukeleire

J. Inst. Brew. 110(4), 267–275, 2004 ABSTRACT
Total luminescence and synchronous scanning fluorescence spectroscopic techniques were applied for characterization of the intrinsic fluorescence of eight different beers. Spectra were measured using different geometries to reveal the presence of similar fluorescent components. The total luminescence and synchronous fluorescence spectra exhibit a relatively intense shortwavelength emission ascribed to aromatic amino acids and less intense emission in the long-wavelength region, which may originate from B vitamins. Classification of beers based on their synchronous fluorescence spectra was performed using nonparametrical k nearest neighbours method and linear discriminant analysis. Very good discrimination was obtained in both methods with a low classification error. The results demonstrate the potential of fluorescence techniques to characterize and differentiate beers. Key words: Beer, discriminant analysis, synchronous fluorescence spectroscopy, total luminescence spectroscopy. Load full article, 9 pages, 595kb , PDF file

Barley Prices
French Malting Barley Prices
EURO = USD 1.353 April 02, 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  131.50  128.00  173.50 
2RS  Prestige  96.00  130.00  127.00  172.00 
2RS  Cellar  95.00  128.50  126.00  170.50 
2RS  Sebastien  94.00  127.50  125.00  169.50 
2RS  Tipple  94.00  127.50  125.00  169.50 
2RS  Henley  94.00  127.50  125.00  169.50 
6RW  Esterel   93.00  126.00  112.00  151.50 

Nominal French Feed Barley Prices
EURO = USD 1.353 April 02, 2010
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 89.00 120.42
Canadian Barley Prices, Crop 2009
USD = CAD 1.01, April 02, 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 0.74, April 02, 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 1.353 April 02, 2010 
Crop year  2009 
Parity  FOB Antwerp 
Position  Apr 2010 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  276.50  374.00  307.50  416.00  300.00  405.50  314.00  425.00 
2RS  Prestige  275.00  372.50  306.50  414.50  298.50  404.00  313.00  423.50 
2RS  Cellar  274.00  370.50  305.00  413.00  297.50  402.50  311.50  421.50 
2RS  Sebastien  272.50  369.00  304.00  411.00  296.50  400.50  310.50  420.00 
2RS  Tipple  272.50  369.00  304.00  411.00  296.50  400.50  310.50  420.00 
2RS  Henley  272.50  369.00  304.00  411.00  296.50  400.50  310.50  420.00 
2RS   Average price  274.00  370.50  305.00  413.00  297.50  402.50  311.50  421.50 
6RW  Esterel   271.50  367.50  302.50  409.50  295.00  399.00  309.50  418.50 
Asia Malt 70/30  273.50  369.50  304.50  412.00  296.50  401.50  311.00  420.50 
**  Asia Malt 50/50  272.50  369.00  304.00  411.00  296.50  400.50  310.50  420.00 


EURO = USD 1.353 April 02, 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  310.50  420.00  341.50  462.50  334.00  452.00  348.50  471.00 
2RS  Prestige  309.50  418.50  340.50  460.50  333.00  450.50  347.00  469.50 
2RS  Cellar  308.00  416.50  339.50  459.00  331.50  448.50  345.50  467.50 
2RS  Sebastien  307.00  415.00  338.00  457.50  330.50  447.00  344.50  466.00 
2RS  Tipple  307.00  415.00  338.00  457.50  330.50  447.00  344.50  466.00 
2RS  Henley  307.00  415.00  338.00  457.50  330.50  447.00  344.50  466.00 
2RS   Average price  308.00  416.50  339.50  459.00  331.50  448.50  345.50  467.50 
6RW  Esterel   291.00  393.50  322.00  435.50  314.50  425.50  328.50  444.50 
Asia Malt 70/30  303.00  409.50  334.00  452.00  326.50  441.50  340.50  461.00 
**  Asia Malt 50/50  299.50  405.00  330.50  447.50  323.00  437.00  337.00  456.00 

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 1.01, April 02, 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

German Hops Acreage and Production 2006-2009s
Acreage in ha, Production in metric tonnes
  2006 2007 2008 2009s
Region Acreage Production Acreage Production Acreage Production Acreage Production
Hallertau 14,280 24,294 14,754 27,201 15,678 34,332 15,484 26,568
Elbe-Saale 1,284 2,252 1,321 2,698 1,383 2,830 1,387 2,650
Tettnang 1,200 1,424 1,193 1,614 1,233 1,836 1,221 1,600
Spalt 388 504 384 588 382 642 361 610
Rest 19 34 19 38 19 37 19 36
Total Germany 17,171 28,508 17,671 32,139 18,695 39,676 18,472 31,464
Source: Hopsteiner
Graph of the Week


Source: ABARE

These Days in Business History
April 01
1778 Oliver Pollock, a New Orleans businessman, creates "$" symbol
1826 Samuel Mory patents internal combustion engine
1986 World oil prices dip below $10 a barrel

April 02
1850 City of Los Angeles incorporated
1875 Walter P. Chrysler is born in Wamego, Kansas. He goes on to found the Chrysler Corp. as successor corporation to the failing Maxwell Motor Car Co. in 1925 and to buy Dodge Brothers, Inc., in 1928.
1961 The first patent for an integrated circuit is awarded to Fairchild Semiconductor’s Robert Noyce, who later co-founds Intel Corp. with Gordon Moore.

April 03
1783 Sweden and U.S. sign a treaty of Amity and Commerce
1948 The U.S. Congress passes (and Pres. Harry S. Truman immediately signs) the Marshall Plan to finance the reconstruction of Western Europe after the devastation of World War II--helping to keep Communism at bay and laying the groundwork for the global economic boom of the 1950s.
1994 Netscape Communications founded as Mosaic Communications

April 04
1460 University of Basle in Switzerland forms.
1828 Casparus van Wooden patents chocolate milk powder (Amsterdam)
1996 AT&T Corp. spins off 112 million shares of Lucent Technologies Inc. at an initial price of $27 per share, raising $3.02 billion in what is, so far, the biggest IPO of all time.
Agenda