If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?6933
E-Malt.com NewsLetter

Newsletter Summary





Last five newsletters


Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.



Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.



Last five prices evolutions


Last five scientific digests


Access to E-malt.com

User name

Password


Use the above form to have a full immediate access to E-malt.com site! Through the drop-down menu you can easily remind your username and password, change your username and password or even edit your account!




Do you know
E-malt.com?

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

Updated figures related to USA barley and malt trade with Mexico and Canada could be seen in NAFTA section of e-malt.com menu. To this purpose please enter e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!


E-malt.com Links!




Note

If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com


If you have received this newsletter from a colleague, you can obtain your own subscription here! You are not registered yet? You may register here.


You may recommend our site to your friend by clicking here.


If you do not wish to receive our newsletter, please unsubscribe your e-mail address from our mailing list by sending us an e-mail info@e-malt.com. Please take into consideration your registration data.



E-Malt.com Newsletter 22b
May 27 - May 30, 2010
Open!
Click here to get full size Newsletter


Quote of the week

"Practice hope. As hopefulness becomes a habit, you can achieve a permanently happy spirit."
Norman Vincent Peale
Currency Rates
Base Currency: Euro, EUR
on 28-May-2010

1 EUR = 1.2301 USD
1 EUR = 0.8476 GBP
1 EUR = 1.2979 CAD
1 EUR = 1.4637 AUD
1 EUR = 111.395 JPY
1 EUR = 2.2813 BRL
1 EUR = 37.903 RUB
1 EUR = 8.4141 CNY
Base Currency: US Dollar
on 28-May-2010

1 USD = 0.8131 EUR
1 USD = 0.689 GBP
1 USD = 1.0551 CAD
1 USD = 1.1899 AUD
1 USD = 90.5661 JPY
1 USD = 1.8546 BRL
1 USD = 30.8136 RUB
1 USD = 6.8403 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change Trend

May 28, 2010

Type Crop 2009 Crop 2010
2rs Barley EUR103.0-107.0 0.96% EUR137.0-141.0 2.96%
6rw Barley EUR99.0-103.0 1.00% EUR119.0-123.0 2.54%
2rs Malt EUR285.0-289.0 0.53% EUR322.0-326.0 1.57%
6rw Malt EUR280.0-284.0 0.53% EUR300.0-304.0 1.17%
Feed Barley EUR92.0-96.0 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

Australia: GrainCorp thankful to malt business for contribution to H1 net profit ...Click here
Australia: Analysts predict swarm of bidders for Foster’s beer unit ...Click here
China: Guangzhou Zhujiang Brewery planning to build two breweries on funds raised through IPO ...Click here
Brazil: Beer imports duties slashed as domestic products are not enough during World Cup ...Click here
Australia: Beer consumption drops to 60 year low in the year to June 30, 2009 ...Click here
China: South-western China’s demand for premium beer attracts world’s largest brewers ...Click here
World: 2010 barley production expected to be 4% lower than in 2009 - IGC ...Click here
Canada: CWB’s May PRO changes only 2010-11 malting barley values ...Click here


More News


Germany: This year’s Oktoberfest to charge more for beer ...More Info
EU: The Brewers of Europe report results of their beer ad regulation initiative ...More Info
Ghana: SABMiller’s Accra Brewery seen as strategic impetus for expansion in West Africa ...More Info
Romania: SABMiller launches Grolsch for Romanian customers ...More Info
Go to our news database with more than 17015 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Australia: Analysts predict swarm of bidders for Foster’s beer unit

Foster’s Group Ltd. may be a takeover target after announcing plans to spin off its wine unit, with SABMiller Plc and Asahi Breweries Ltd. among companies attracted to the wider profit margins in Australia, Bloomberg cited fund managers on May, 26.

The brewing business may be worth more than A$13.5 billion ($11 billion) and draw interest from Suntory Holdings Ltd. and Sapporo Holdings Ltd. of Japan, said Theo Maas, who helps manage A$5 billion at Arnhem Investment Management in Sydney. The brewer of Foster’s Lager and Victoria Bitter, Australia’s top-selling brand, controls about 50 percent of the local market.

“I wouldn’t be surprised to see Coca-Cola Amatil and SABMiller bid for the beer business,” said Rhett Kessler, who helps manage about $1.1 billion at Pengana Capital Ltd. in Sydney and doesn’t hold Foster’s shares.

SABMiller, which already owns Foster's in India and brewing rights to the brand in the U.S., declined to comment on the reports.

According to a Sydney Morning Herald citing an interview with Coca-Cola Amatil’s incoming alcoholic beverages unit head John Murphy, the company won’t bid for Foster’s Group Ltd.’s beer division. Coca-Cola Amatil will instead focus on developing its own beer brands, the newspaper cited Murphy as saying. Murphy starts ...More Info


China: Guangzhou Zhujiang Brewery planning to build two breweries on funds raised through IPO

Guangzhou Zhujiang Brewery Group Co Ltd will expand its brewery market in Hunan Province and Guangxi Zhuang Autonomous Region after it kicks off initial public offering in the near future, China Knowledge communicated on May, 27.

Pursuant to the prospectus last weekend released by China Securities Regulatory Commission, Guangzhou Zhujiang Brewery intends to issue 70 million shares to raise RMB 1.07 billion in total, to construct two brewery plants each is designed to produce 200,000 tons per year.

Board Chairman Fang Guiquan hopes that the firm will make a successful debut on the stock market within one or two months.

Reportedly, the company reaped RMB 112.47 million in operating profit in 2009, reflecting a year-on-year jump of 138.78%, and its net profit surged 42.84% year on year to RMB 85.69 million.

China Resources Breweries Ltd, one of Guangzhou Zhujiang Brewery's rivals, sold 8.37 million kiloliters of brewery last year, and the sales volume of Tsingtao Brewery Co Ltd hit 5.91 million kl and of Beijing Yanjing Brewery Co Ltd reached 4.67 million kl, it is reported.


Brazil: Beer imports duties slashed as domestic products are not enough during World Cup

The Brazilian government has slashed import duties on canned beer from 16% to 2% so that the country does not run dry during next month's football World Cup in South Africa, Reuters reported on May, 27.

The local breweries announced they would be unable to brew enough to supply the surge in demand during the month-long tournament.

"The industry itself declared in a letter to the Foreign Trade Chamber that it won't be able to satisfy the increase in demand," said Anamelia Seyffarth, an official at the chamber, said.

Brazil, which will play host to the World Cup in 2014, is the world's fourth largest beer consumer.


Australia: Beer consumption drops to 60 year low in the year to June 30, 2009

Australia’s beer consumption has dropped to a 60-year low in the year to June 30, 2009, the latest data published on May, 27 by the Australian Bureau of Statistics show.

The estimated quantity of pure alcohol available for consumption from beer increased by 1.7% from 78.1 million litres in 2007–08 to 79.4 million litres of alcohol in 2008–09, the Bureau said.

Apparent per capita consumption of pure alcohol available for consumption from beer, for persons aged 15 years and over, decreased marginally from 4.51 litres of alcohol per person in 2007–08 to 4.49 litres of alcohol per person in 2008–09.

The volume of beer available for consumption increased slightly by 1.4% from 1,828.1 million litres in 2007–08 to 1,853.0 million litres in 2008–09.

Full strength beer accounted for most of the increase in total beer volume, by 2.7% or 36.8 million litres, followed by mid strength beer, which increased by 3.7% or 10.0 million litres. However, low strength beer decreased by 12.2% or 22.0 million litres in 2008–09. For the year 2008–09, the apparent per capita consumption of beer decreased by 1.0 litre of beer per person.

CommSec chief economist Craig James said Aussies were cutting back on mainstream beers in favour of ...More Info


China: South-western China’s demand for premium beer attracts world’s largest brewers

South-western China has become an attractive market for the world’s leading brewers striving to strengthen their positions in China, China Daily communicated on May, 28.

"Most of our clientele come to have a drink after 7 pm, and we usually sell around 200 bottles of premium beer, priced at 15 yuan each, every day, even though our main business is food," said Xiao Li, a waiter at the Guan Jin bar in Jinli.

Molson Coors, the world's fifth-largest brewer is one of the biggest that have stepped up their investment pace here. The company recently spent $40 million to buy a 51 percent stake in a new joint venture with the Hebei Si'hai Beer Company. The joint venture plans to launch premium beers with lower production cost in China.

"Chengdu and Chongqing are among the cities that had the best sales figures last year for our premium brand Coors Light. We will consider making another new investment if the market keeps on growing," said Peter H. Coors, chairman of Molson Coors.

Companies like Molson Coors are also encouraged to expand as premium beer sales in south-western China are five times larger than in the northern regions, said John Zhang, general manager (operations), ...More Info


Malt News

Australia: GrainCorp thankful to malt business for contribution to H1 net profit

GrainCorp’s investment in the malting industry has paid dividends for the company. The company said its malting division was the single biggest contributor to the company's net profit after tax of A$53 million for the six months to March 31 this year.

GrainCorp will pay an interim dividend of 15 cents a share after opting not to pay a dividend for the corresponding period last year and only 7 cents for the whole of last financial year.

GrainCorp interim chief executive officer Ian Wilton said the half-year profit was a strong result for the company and highlighted the contribution of the malt business to earnings.

"The aim of the acquisition of United Malt Holdings was to reduce earnings volatility,'' Mr Wilton said.

"This was successfully achieved with the A$58 million contribution to earnings before interest, tax, depreciation and amortisation from malt in line with expectations.''

GrainCorp’s malt business, the former world’s fourth-largest maltster United Malt Holdings Group, has production facilities in Australia, Britain, the US and Canada. The takeover of United Malt Holdings was concluded on November 13 last year.

Malt sales volumes from acquisition stood at 374,000 tonnes, in line with expectations, it is reported.

Malt related transaction costs amounted to A$62.8 mln.

The revenue from the ...More Info


Barley News

World: 2010 barley production expected to be 4% lower than in 2009 - IGC

World 2010 barley production is forecast to decrease by 4%, to 141.3 mln tons (147.8 mln in 2009), the IGC said in its May report.

Plantings are expected to decline by 2%, with reductions in the EU and the CIS only partly offset by a rise in Near East Asia.

Spring planting in the EU is completed, except for parts of Scandinavia. The total barley area is expected to drop by about 9%, to 12.7 mln ha. (13.9 mln ha in 2009), many producers having switched to more profitable wheat and rapeseed. However, some northern EU States replanted winter-damaged wheat fields with spring barley, it is reported.

Assuming average yields match last year’s level of 4.4 tons/ha, EU barley production is forecast to be 9% lower, at 56.4 mln tons (61.8 mln).

Spring barley planting is well advanced in Russia with no major problems reported. Total plantings are expected to be lower in favour of more profitable wheat. However, yields are expected to exceed last year’s and the production is forecast to be almost unchanged, at 18.0 mln tons (17.9 mln).

In western Canada, cold and wet weather continued to delay planting in the first half of May, when conditions improved. The area is ...More Info


Canada: CWB’s May PRO changes only 2010-11 malting barley values

The CWB’s May 2010 Pool Return Outlook (PRO) for the 2009-10 crop year left malting and feed barley values unchanged from the March PRO.

The value of select two-row malting barley is C$209/tonne, that of select six-row barley – C$191/tonne. The value of feed barley Pool B is C$143/tonne, the CWB said.

Demand for malting barley remains fairly well covered for the remainder of the marketing year. Additional offshore demand will face stiff EU competition, given the dual reality of ample EU supply and the fact that the depreciation of the euro has enhanced EU export competiveness. World supply remains relatively comfortable, given successive years with favourable malt barley quality results. In fact, the 2009-10 malting barley supply will stretch well into 2010-11, the CWB commented.

The values of the malting barley of the 2010-11 crop year are up C$4 (C$204/tonne for two-row, C$186/tonne for six-row barley) and feed barley remains unchanged (C$143/tonne).

PRO Commentary 2010-11 crop year

Feed barley

Northern Hemisphere barley planting continues on normal pace. Global ending stocks are forecast to decrease year-on-year by 3.5 million tonnes, due mostly to lower production as total usage is forecast to increase by less than one million tonnes. Feed barley will remain part of a broader feed ...More Info

Scientific Digest

Refining the Prediction of Potential Malt Fermentability by Including an Assessment of Limit Dextrinase Thermostability and Additional Measures of Malt Modification, Using Two Different Methods for Multivariate Model Development

D. Evan Evans, Robert Dambergs, David Ratkowsky, Chengdao Li, Stefan Harasymow, Sophia Roumeliotis and Jason K. Eglinton

J. Inst. Brew. 116(1), 86–96, 2010
ABSTRACT
Prediction of malt fermentability (apparent attenuation limit –AAL) by measurement of the diastatic power enzymes (DPE), alpha-amylase, total limit dextrinase, total beta-amylase, beta-amylase thermostability, and the Kolbach index (KI or free amino nitrogen – FAN) is superior to the conventional use of diastatic power (DP) alone. The thermostability of beta-amylase is known to be an important factor in determining fermentability, thus the thermostability of the other relatively thermolabile enzyme, limit dextrinase, was investigated to determine if it was also useful in predicting fermentability. To facilitate this aim, methods were developed for a rapid and cost efficient assay of both beta-amylase and limit dextrinase thermostability. Internationally important Australian and international malting varieties were compared for their total limit dextrinase and beta-amylase activity and thermostability. Interestingly, the level of limit dextrinase thermostability was observed to be inversely correlated with total limit dextrinase activity. The prediction of malt fermentability was achieved by both forward step-wise multi-linear regression (MLR) and the partial least squares (PLS) multivariate model development methods. Both methods produced similar identifications of the parameters predicting wort fermentability at similar levels of predictive power. Both models were substantially better at predicting fermentability than the traditional use of DP on its own. The emphasis of this study was on the identification of predictive factors that can be consistently used in models to predict fermentability, because the model parameter estimates will subtly vary depending on mashing conditions, yeast strain/fermentation conditions and malt source. The application of these multivariate model development methods (PLS and MLR) enabled the identification of further potential fermentability predicting factors. The analyses divided the predictive parameters into those defined by DP enzymes and those associated with modification (KI, FAN, fine/coarse difference, wort beta-glucan and friability). Surprisingly, limit dextrinase thermostability was not a substantial predictor of fermentability, presumably due to its negative correlation with total limit dextrinase activity. The application of these insights in the malting and brewing industries is expected to result in substantial improvements in brewing consistency and enable more specific quality targets for barley breeder’s progeny selection cut-off limits to be more precisely defined. Key words: barley, diastatic power enzymes, fermentability, malt, multiple linear regression, partial least squares. Load full article, 8 pages, 1103 kb , PDF file

Barley Prices
French Malting Barley Prices
EURO = USD 1.2301 May 28, 2010
 Crop year   2009   2010 
 Parity   FOB Creil   FOB Creil 
 Position   July 2009   July 2010 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  107.00  132.00  141.00  173.50 
2RS  Prestige  106.00  130.50  140.00  172.50 
2RS  Cellar  105.00  129.50  139.00  171.00 
2RS  Sebastien  104.00  128.00  138.00  170.00 
2RS  Tipple  104.00  128.00  138.00  170.00 
2RS  Henley  104.00  128.00  138.00  170.00 
6RW  Esterel   101.00  124.50  121.00  149.00 

Nominal French Feed Barley Prices
EURO = USD 1.2301 May 28, 2010
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 94.00 115.63
Canadian Barley Prices
USD = CAD 1.0551, May 28, 2010
Canadian Malting Barley Prices, CWB Quotes/Indications, Basis Export Position Crop 2009 in C$/tCrop 2010 in C$/t
2-Row Malting Barley, Domestic 238.00 238.00
2-Row Malting Barley, Off Shore 230.00 230.00
2-Row Malting Barley, for USA 230.00 230.00
2-Row Malting Barley, for Mexico 230.00 230.00
6-Row Malting Barley, Domestic 226.00 226.00
6-Row Malting Barley, Off Shore * 215.00 215.00
6-Row Malting Barley, for USA 215.00 215.00
6-Row Malting Barley, for Mexico 215.00 215.00
Canadian Feed Barley Values, Basis Lethbridge non board Crop 2009 in C$/tCrop 2010 in C$/t
Feed Barley, Basis Lethbridge non board 150.00 nq
* rarely traded


US Barley Prices, Crop 2009
USD = EUR 0.8131, May 28, 2010
Malting Barley Pricesin US$/t
2-Row Malting Barley, Basis Great Falls, Montana 153.00
6-Row Malting Barley, Basis Minneapolis, Minnesota 147.00
Feed Barley Pricesin US$/t
Feed Barley Basis Great Falls, Montana 121.00
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 1.2301 May 28, 2010 
Crop year  2009 
Parity  FOB Antwerp 
Position  May 2010 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  289.50  356.00  320.50  394.00  313.00  384.50  327.00  402.50 
2RS  Prestige  288.00  354.50  319.50  392.50  311.50  383.50  326.00  400.50 
2RS  Cellar  287.00  352.50  318.00  391.00  310.50  381.50  324.50  399.50 
2RS  Sebastien  285.50  351.50  316.50  389.50  309.00  380.00  323.50  397.50 
2RS  Tipple  285.50  351.50  316.50  389.50  309.00  380.00  323.50  397.50 
2RS  Henley  285.50  351.50  316.50  389.50  309.00  380.00  323.50  397.50 
2RS   Average price  287.00  352.50  318.00  391.00  310.50  381.50  324.50  399.50 
6RW  Esterel   282.00  346.50  313.00  385.00  305.50  375.50  319.50  393.00 
Asia Malt 70/30  285.50  351.00  316.50  389.50  309.00  380.00  323.00  397.50 
**  Asia Malt 50/50  284.50  349.50  315.50  388.00  308.00  378.50  322.00  396.00 


EURO = USD 1.2301 May 28, 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  326.50  401.50  357.50  440.00  350.00  430.50  364.50  448.00 
2RS  Prestige  325.50  400.00  356.50  438.50  348.50  429.00  363.00  446.50 
2RS  Cellar  324.00  398.50  355.50  437.00  347.50  427.50  361.50  445.00 
2RS  Sebastien  323.00  397.00  354.00  435.50  346.50  426.00  360.50  443.50 
2RS  Tipple  323.00  397.00  354.00  435.50  346.50  426.00  360.50  443.50 
2RS  Henley  323.00  397.00  354.00  435.50  346.50  426.00  360.50  443.50 
2RS   Average price  324.00  398.50  355.50  437.00  347.50  427.50  361.50  445.00 
6RW  Esterel   302.00  371.50  333.00  409.50  325.50  400.50  339.50  417.50 
Asia Malt 70/30  317.50  390.50  348.50  428.50  341.00  419.50  355.00  437.00 
**  Asia Malt 50/50  313.00  385.00  344.00  423.50  336.50  414.00  350.50  431.50 

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

Canadian Malt Prices
USD = CAD 1.0551, May 28, 2010
Theoretical Canadian Malt Prices, Basis Export Position Crop 2009 in C$/tCrop 2010 in C$/t
2-Row Malt, Domestic 459.00 459.00
2-Row Malt, Off Shore 449.00 449.00
6-Row Malt, Domestic 444.00 444.00
6-Row Malt, Off Shore* 430.00 430.00
* 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

US Barley Supply and Distribution
in thousand MT/HA
  2008/2009 2009/2010f 2010/2011f
Harvested Area (ha) 1529 1260 1149
Yield (mt) 3 4 4
Production 5230 4949 4137
Import 632 435 435
TY Imports 572 500 400
Exports 288 109 218
TY Exports 158 150 200
Feed Dom. Consumption 1451 1089 1089
Domestic Consumption 5127 4680 4681
Ending Stocks 1932 2527 2200
Source: USDA; Notes: Trading Year (TY) statistics are on Oct/Sept years.
Graph of the Week


Source: Deutscher Brauer-Bund

These Days in Business History
May 27
1895 British inventor Birt Acres patents film camera/projector
1952 European Defense Community forms
1969 Walt Disney World construction begins

May 28
1783 Benjamin Tower of Philadelphia publishes 1st daily newspaper in U.S.
1849 Patent for lifting vessels granted to Abraham Lincoln
1863 Georg Adler, German state economist is born

May 29
1527 University of Marburg (Germany) founded
1848 William G. Young patents ice cream freezer
1933 Patent on invisible glass installation

May 30
1872 Mahlon Loomis patents wireless telegraphy
1928 John Keith Wright is born, English economist/asst sect of state, 1971-84
1975 European Space Agency, ESA, forms
Agenda