1. Trading offer & request

At this moment there are two OFFERS for 11000 tons of malt on the trading portal www.e-malt.com

• Offer for 5000-10000 mtons of malt, 2RS Scarlet/Astoria, crop 2003, bulk, delivery 1/10/2003 - 31/5/2004, at EUR 267.00 /mton, FOB Antwerp. (to see and make a bid to the malt offer, please click here to view code MF0306P1524)
  
  
• Offer for 1-1000 mtons of malt, 6RW Esterel, crop 2003, bags in container, delivery 1/10/2003 - 30/6/2004, at EUR 286.00 /mton, FOB Antwerp. (to see and make a bid to the malt offer, please click here to view code MF0306P1528)
  
  

 Top Industry News 

• Carlsberg Breweries A/S has started negotiations with Yasar Holding AS to acquire the Yasar Group's 12.1% stake in Türk Tuborg Click here
  
  
• The European Brewer’s Union discussed on May 27, 2003 about involving in its activity the Estonian Brewing Union ... Click here
  
  
• Ukrainian brewing force ZAO Obolon produced 174.84 million litres of beer in the first 5 months of the year ... Click here
  
  
• The world major malt exporters Click here
  
  
• Recently it was reported business in EU of 2 thousand tons 2RS malt, bulk in container to Namibia Click here
  
  
• Russia exported in July 2002/March 2003 2.8 million tons of feed barley against 2.56 million last crop year ... Click here
  
  
• Canadian barley stocks on March 31 2003 were 3.27 million tons against 6.175 a year ago ... Click here
  
  

More news is available on site www.e-malt.com  

• Russian brewing force SUN Interbrew, the joint venture between Belgian brewer Interbrew SA and SUN Group of Russia, is forecasting full-year sales in Russia and Ukraine to rise by at least 10 % ...more info



• Fuller Smith & Turner Plc, one of the UK's leading independent brewers and retailers, the maker of beers such as London Pride and ESB, announced full-year profit doubled ...more info



• The UK's leading brewer, Scottish Courage, intends to launch what it calls the world's first self-cooling beer keg onto the UK market this month with the introduction of the Foster's CoolKeg ...more info



• Lion Nathan has signed an agreement, according to which its Steinlager brand becomes a major sponsor of the All Black rugby team ...more info



• Norwegian beer-to-media group Orkla ASA plans to close a brewery jointly owned with Denmark's Carlsberg in west Norway with the loss of about 100 jobs ...more info



• Standard & Poor's Ratings Services said on May 28 it assigned its 'A-2' short-term and commercial paper ratings to U.S. brewer Coors Brewing Co.'s $500 million 4(2) commercial paper program ...more info



• The Russian investor, Renova, has purchased a controlling stake in the Irkutskpisheprom brewer, which has 7% of the market in Siberia ...more info



• Brewers are bracing themselves for the second rise in duty on beer this year, in a move that will make beer in Slovakia more heavily taxed than in the Czech Republic and Germany ...more info




2. Brewery News

Carlsberg Breweries A/S has started negotiations with Yasar Holding AS to acquire the Yasar Group's 12.1% stake in Türk Tuborg. If the negotiations result in an agreement, Carlsberg Breweries will subsequently own 95.3% of the company. Any agreement is subject to approval by Turkish authorities. Carlsberg Breweries became the majority shareholder in July 2001 by acquiring 50.01% of the share capital and has since then through increases in the share capital and public offers increased its ownership share to 83.2%. Türk Tuborg was founded in Izmir in 1967 as a joint venture between Carlsberg and Yasar Holding and it was the first Tuborg brewery outside Denmark. Türk Tuborg has an annual capacity of 3 million hl.

The European Brewer’s Union discussed on May 27, 2003 about involving in its activity the Estonian Brewing Union. The discussion was held at the biggest Estonian brewer Saku Õlletehas. According to the European Brewer’s Union 25% of beer in the world is produced by EU countries, where about 1650 plants are brewing beer and are engaging around 3.8 million workers.

Ukrainian brewing force ZAO Obolon produced 174.84 million litres of beer in the first 5 months of the year, 13.1% or with 20.25 million litres more than for the same period 2002. ZAO Oboloni was created in 1993 on the base of Kiev-based brewer Obolon after its privatization. In 2002 the plant produced 389 million litres of beer, 11.2% more than a year earlier.

3. Malt News

The world major malt exporters



in thousand tons	EU	Canada	Australia	Czech Republic	Slovakia	Argentina
Five-yr ave	3,000	625	575	225	175	275
2002-2003	3,500	500	600	200	200	330



Peter Watts.
Market Analyst, Europe and Commonwealth of Independent States, CWB, Winnipeg, Canada.

Source: Conference GrainWorld 2003 presentations.

Recently it was reported business in EU of 2 thousand tons 2RS malt, bulk in container to Namibia at around EUR 270-275 and 2 thousand tons 50/50 mix 2RS/6RW in bulk to Nicaragua at about EUR 255 both FOB. Russia started new crop purchases: 60 thousand tons were reported at undisclosed prices. Japan acquired initial new crop quantities of 2RS malt, bulk in container, at prices around EUR 300 FOB.

4. Barley News

Russia exported in July 2002/March 2003 2.8 million tons of feed barley against 2.56 million last crop year. In the Ukraine export contracts were registered for 3.055 million tons between July 1, 2002, and May 21, 2003. Last crop year total registrations were 2.824 million tons. Crop prospects are poor in both countries, after massive winterkill, followed by dryness and warm temperatures in spring. The state of crops is worse in the southern parts of both countries, while in the North and West of the Ukraine and in the Black Soil region of Russia there is hope for fair crops. In the CEEC May rains helped in Poland, the Czech Republic and Slovakia, but the crops will be the worst since years in all Balkan states. Figures are changing constantly and are therefore not mentioned here, but the eastern half of Europe will lose most of its export potential and will need imports of quality grains.

Canadian barley stocks on March 31 2003 were 3.27 million tons against 6.175 a year ago. U.S./Canadian maltsters resold at least 50.000 tons of EU malting barley and tried to sell more. It was bought last fall as a hedge against the poor outcome of the Canadian crop, but it turns out now that the North American maltsters can find enough local barley of adequate quality to carry them through to the next crop. Moisture conditions have improved, planting is slow and there had been local frost damage in the middle of the month, but crop prospects are, of course, much better than in 2002.