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E-Malt.com Newsletter 23b
June 03 - June 06, 2010
Open!
Click here to get full size Newsletter


Quote of the week

"We have made progress. There is still work to do."
Carlos Gutierrez
Currency Rates
Base Currency: Euro, EUR
on 04-June-2010

1 EUR = 1.224 USD
1 EUR = 0.8354 GBP
1 EUR = 1.2719 CAD
1 EUR = 1.4475 AUD
1 EUR = 113.238 JPY
1 EUR = 2.2293 BRL
1 EUR = 38.0177 RUB
1 EUR = 8.3723 CNY
Base Currency: US Dollar
on 04-June-2010

1 USD = 0.8171 EUR
1 USD = 0.6823 GBP
1 USD = 1.0391 CAD
1 USD = 1.1825 AUD
1 USD = 92.52 JPY
1 USD = 1.8213 BRL
1 USD = 31.0597 RUB
1 USD = 6.84 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change Trend

June 04, 2010

Type Crop 2009 Crop 2010
2rs Barley EUR104.0-108.0 0.95% EUR137.0-141.0
6rw Barley EUR99.0-103.0 EUR120.0-124.0 0.83%
2rs Malt EUR286.5-290.5 0.35% EUR322.0-326.0
6rw Malt EUR280.5-284.5 EUR301.0-305.0 0.33%
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

World: Analysts doubt SABMiller will get dragged into bidding war for Foster’s ...Click here
Thailand: ThaiBev expects to remain profitable despite political unrest ...Click here
Australia: Foster’s beer eyed from China - sources ...Click here
United States: Latest beer statistics from Beer Institute still not showing positive trends ...Click here
Romania: Ursus Breweries gains bigger market share despite drop in sales last year ...Click here
United Kingdom: Cobra beer now brewed in Burton ...Click here
Ukraine: Barley production to reach 11 mln tonnes this year ...Click here


More News


Sri Lanka: Lion Brewery reports successful year to March 2010, to expand capacity by 30% ...More Info
Hungary: Borsodi brewery reports profit in 2009 after HUF 1 bln loss in 2008 ...More Info
United States: AB InBev wants the rights of small brewers in Illinois ...More Info
Russia: Highest beer consumption seen in Moscow and St. Petersburg ...More Info
South Africa: SAB planning to capitalise on the massive future of kegged beer ...More Info
South Korea: Oriental Brewery’s owners seeking funds to refinance the loans for its purchase ...More Info
Venezuela: Polar brewery workers demand ask the government let them ‘work in peace’ ...More Info
Go to our news database with more than 17039 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

World: Analysts doubt SABMiller will get dragged into bidding war for Foster’s

SABMiller, the world's second-biggest brewer by volume, is unlikely to buy Foster's Group's beer assets amid low growth opportunities in Australia and abroad, Bloomberg cited analysts’ opinion on June, 2.

"It's very unlikely that SABMiller will get dragged into a bidding war" if another brewer was willing to pay about $10 billion for Foster's beer assets, said analysts including Trevor Stirling at Sanford C Bernstein in London.

Low growth in Australia, where Foster's has the biggest beer market share - 49 percent - and limited opportunities outside the country made a deal less likely, the Bernstein analysts wrote in a note. SABMiller owns the rights to brew Foster's beer in the US and India, while Heineken owns the European rights.

Foster's, Australia's biggest liquor maker, said last week that it will separate its wine business after a grape glut in the country and the US recession cut earnings.


Thailand: ThaiBev expects to remain profitable despite political unrest

Thailand’s leading brewer Thai Beverage (ThaiBev) expects to remain profitable this year despite the recent political unrest in Bangkok, Channel News Asia reported on June, 2.

The brewer claims its beer business depends on home consumption which remained unaffected by the riots.

Assuming that political unrest does not surface again, it expects to benefit from the upcoming World Cup season, a company spokesperson is quoted as saying.

The company said beer consumption during this period could increase by up to 30 per cent over normal consumption levels.


Australia: Foster’s beer eyed from China - sources

Foster’s beer division is of interest to China’s Tsingtao Brewery whereas Bright Foods, a Chinese food and beverage conglomerate, is taking a look at the Australian company’s wine and beer assets, Mergermarket cited companies sources on June, 3.

Foster's Group’s beer division could attract takeover bids of up to $10 billion from suitors, it has been reported.

Bright Food is currently studying both wine and beer assets but has not decided to buy either yet, a company source is quoted as saying.

Tsingtao Brewery, one of the biggest players in China, is interested in hearing more about the beer unit of Foster’s, said a company source. The brewer, 20% held by Asahi Breweries, has not seriously considered whether or not it would bid, he added. No advisors have pitched Tsingtao so far.

However, a China-based FMCG analyst was sceptical about whether Tsingtao could generate synergies via an acquisition of an overseas counterpart. Tsingtao, known for its intention to expand its international market share, might find it difficult to manage an Australian company due to the cultural differences.

SABMiller, the UK-listed world’s No. 2 brewer, is likely to take a look at Foster’s beer business, said an industry insider, but it remains unclear ...More Info


United States: Latest beer statistics from Beer Institute still not showing positive trends

US brewers produced a total of 57.1 bln barrels in January – April 2010, The Beer Institute communicates.

The Beer Institute’s unofficial national brewer production estimate indicates a decrease of 5.0% in taxable removals of 15,100,000 barrels in April 2010 compared to 15,895,000 barrels in April 2009. Domestic taxable removals (also known as Tax Paid Removals) measure the amount of beer shipped from domestic brewers to distributors within the U.S. market

The United States Department of Commerce reports total imports of malt beverages from all countries for the month of March 2010 decreased 0.5% to 2,488,235 compared to March 2009 total barrels of 2,501,670.

The United States Department of Commerce reports total commercial exports of malt beverages to all countries for the month of February 2010 at 169,395 barrels compared to February 2010 commercial exports of 197,693 barrels.


Romania: Ursus Breweries gains bigger market share despite drop in sales last year

Romania’s Ursus Breweries said its share of the nation’s beer market reached 32% last year, up 4% versus 2008, Ziarul Finaciar reported on June, 2.

The major contribution to the share gain was seen from the Timisoreana beer brand, Ursus said.

The company’s sales, however, dropped by 13% last year, whereas the total market shrunk by more than 15%.

SABMiller’s subsidiary claims it did not cut its promotion expenses last year.

“Romania’s beer market will not fall so much this year as it did in 2009, but it is difficult to make any precise estimates for the next six-eight months,” the company added.


United Kingdom: Cobra beer now brewed in Burton

A year after Molson Coors announced an historic tie-up with Cobra Beer –one of the fastest growing beer brands in the UK – the first bottles to be produced at the mammoth Burton brewery rolled off the production line on June, 2, Burton Mail reported on June, 3.

Cobra’s founder, Lord Bilimoria, said he was ‘proud’ to see the beer he launched 20 years ago brewed in Burton, and said the production of an Indian beer meant the town had ‘come full circle’ as it was the home of India Pale Ale, once shipped out to quench the thirst of expats in India in the days of the British Raj.

Adrian Davey, who moved from his job at the head of Molson Coors’ off-trade division to become the new managing director of Cobra, said the beer’s arrival in town was a boost to Burton’s status as a global brewing centre.

He said: “There’s been an immense amount of work over the past year, taking Cobra from a beer produced in a variety of locations across Europe to one brewed, kegged and packaged in one place.

“Our partnership has had a great first year as we’ve brought the best of both businesses together. It’s excellent ...More Info


Barley News

Ukraine: Barley production to reach 11 mln tonnes this year

Ukrainian analysts expect the nation’s barley production to total 11 – 11.5 mln tonnes in 2010, RBC-Ukraine communicated on June, 3.

The Ministry of Agrarian Policy of Ukraine said the country’s barley exports in the current 2009/10 marketing year have totalled 5.8 mln tonnes.

Scientific Digest

A Comparison of Three Methods for the Assessment of Foam Stability of Beer

C. E. Wallin, M. B. DiPietro, R. W. Schwarz and C. W. Bamforth

J. Inst. Brew. 116(1), 78–80, 2010
ABSTRACT
Three methods for measuring foam stability were assessed using nine different beers. The methods were the NIBEM instrument of Haffmans, the device marketed by Steinfurth and the manual procedure developed by Constant. There were reasonable-togood correlations when the foam stability of all the beers, as determined by the individual methods, were compared one with another. However when individual beers were studied, it appeared that different techniques rank them in somewhat different sequences. All of the methods demonstrated the superior foam stability of examined ales over lagers, however there were some differences in ranking of beer foam quality, in particular with the beers bittered with reduced iso-a-acids, which performed better when assessed by methods that quantified the foam itself, rather than drainage. Key words: comparison, foam, instrument, manual method, ranking. Load full article, 3 pages, 236 kb , PDF file

Barley Prices
French Malting Barley Prices
EURO = USD 1.224 June 04, 2010
 Crop year   2009   2010 
 Parity   FOB Creil   FOB Creil 
 Position   July 2009   July 2010 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  108.00  132.50  141.00  172.50 
2RS  Prestige  107.00  131.00  140.00  171.50 
2RS  Cellar  106.00  130.00  139.00  170.50 
2RS  Sebastien  105.00  128.50  138.00  169.00 
2RS  Tipple  105.00  128.50  138.00  169.00 
2RS  Henley  105.00  128.50  138.00  169.00 
6RW  Esterel   101.00  124.00  122.00  149.50 

Nominal French Feed Barley Prices
EURO = USD 1.224 June 04, 2010
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 94.00 115.06
Canadian Barley Prices
USD = CAD 1.0391, June 04, 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 242.00 242.00
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 230.00 230.00
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 0.8171, June 04, 2010
Malting Barley Pricesin US$/t
2-Row Malting Barley, Basis Great Falls, Montana 133.00
6-Row Malting Barley, Basis Minneapolis, Minnesota 145.00
Feed Barley Pricesin US$/t
Feed Barley Basis Great Falls, Montana 115.00
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 1.224 June 04, 2010 
Crop year  2009 
Parity  FOB Antwerp 
Position  June 2010 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  291.00  356.50  322.50  394.50  314.50  385.00  329.00  402.50 
2RS  Prestige  290.00  354.50  321.00  393.00  313.50  383.50  327.50  401.00 
2RS  Cellar  288.50  353.50  320.00  391.50  312.00  382.00  326.50  399.50 
2RS  Sebastien  287.50  351.50  318.50  390.00  311.00  380.50  325.00  398.00 
2RS  Tipple  287.50  351.50  318.50  390.00  311.00  380.50  325.00  398.00 
2RS  Henley  287.50  351.50  318.50  390.00  311.00  380.50  325.00  398.00 
2RS   Average price  288.50  353.50  320.00  391.50  312.00  382.00  326.50  399.50 
6RW  Esterel   282.50  345.50  313.50  384.00  306.00  374.50  320.50  392.00 
Asia Malt 70/30  286.50  351.00  318.00  389.00  310.50  379.50  324.50  397.00 
**  Asia Malt 50/50  285.50  349.50  316.50  387.50  309.00  378.50  323.50  395.50 


EURO = USD 1.224 June 04, 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  399.50  357.50  437.50  350.00  428.50  364.50  445.50 
2RS  Prestige  325.50  398.00  356.50  436.50  348.50  427.00  363.00  444.50 
2RS  Cellar  324.00  396.50  355.50  434.50  347.50  425.50  361.50  442.50 
2RS  Sebastien  323.00  395.00  354.00  433.50  346.50  424.00  360.50  441.50 
2RS  Tipple  323.00  395.00  354.00  433.50  346.50  424.00  360.50  441.50 
2RS  Henley  323.00  395.00  354.00  433.50  346.50  424.00  360.50  441.50 
2RS   Average price  324.00  396.50  355.50  434.50  347.50  425.50  361.50  442.50 
6RW  Esterel   303.00  371.00  334.50  409.00  326.50  399.50  341.00  417.00 
Asia Malt 70/30  317.50  389.00  349.00  427.00  341.50  417.50  355.50  435.00 
**  Asia Malt 50/50  313.50  383.50  344.50  422.00  337.00  412.50  351.50  430.00 

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 1.0391, June 04, 2010
Theoretical Canadian Malt Prices, Basis Export Position Crop 2009 in C$/tCrop 2010 in C$/t
2-Row Malt, Domestic 465.00 465.00
2-Row Malt, Off Shore 449.00 449.00
6-Row Malt, Domestic 449.00 449.00
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

Australia Beer Consumption 2007-2009*
Pure Alcohol Available for Consumption
000 litres of pure alcohol 2007 2008 2009
Low strength (1.15-3.0) 5,395 4,847 4,253
Mid strength (3.0-3.5) 9,336 9,535 9,865
Full strength (>3.5) 62,159 63,717 65,308
Total 76,890 78,099 79,426
Apparent Per Capita Consumption (in litres)
Low strength (1.15-3.0) 0.32 0.28 0.24
Mid strength (3.0-3.5) 0.55 0.55 0.56
Full strength (>3.5) 3.67 3.68 3.69
Total 4.54 4.51 4.49
*Years ended 30 June; Source: Australian Bureau of Statistics
Graph of the Week



These Days in Business History
June 3
1748 Amsterdam establishes municipal postal service
1903 Henry Ford launches the Ford Motor Co. in a refurbished wagon factory in Detroit
1932 Benjamin Graham publishes the first of a three-part series of articles in Forbes Magazine

June 4
1070 Roquefort cheese created in a cave near Roquefort, France
1875 Pacific Stock Exchange opens
1953 Woodcock, Hess & Co. of Philadelphia incorporates, becoming the first firm that's a member of the New York Stock Exchange to do so.

June 5
1507 England and Netherlands sign trade agreement
1933 Gold standard abolished
1977 Apple II, the 1st personal computer, goes on sale

June 6
1875 Netherlands goes on the gold standard
1882 Electric iron patented by Henry W Seely, New York City
1925 Walter P. Chrysler founds the Chrysler Corp. as successor corporation to the failing Maxwell Motor Car Co.
Agenda