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Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Malt news
Barley news
More news
Malting barley prices
Theoretical malt prices
Table of the week
Graph of the week
Agenda
Do you know e-malt.com?
Average market prices
Change trend
23 Feb - 24 Feb 2006
Crop 2005
2rs Barley €114.00-116.00   
6rw Barley €102.00-104.00   
2rs Malt €242.00-244.00   
6rw Malt €226.50-228.50   
Crop 2006
2rs Barley €117.00-119.00   
6rw Barley €104.00-106.00   
2rs Malt €242.50-244.50   
6rw Malt €226.50-228.50   

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 market prices are estimated on FOB Antwerp basis.
The changes are compared to last Newsletter's prices.
Arrows indicate the direction of the change.

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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!

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Flash 06a, 2006

Market price evolutions
The evolution of market prices for barley and malt, which are periodicaly issued with e-malt.com newsletters are published on e-malt.com site in Market Prices section. Just click here!
Available market price evolutions
See this Evolution!
Canada Average Barley Prices 1983-2005
See this Evolution!
Canadian Malting Barley Prices vs. Danish 2Row
See this Evolution!
Australia Malting Barley Export Prices 2000-2005
See this Evolution!
Malt Market Price Evolution. Crop 2005
See this Evolution!
French Malting Barley Price Evolution. Crop 2005
See this Evolution!
Malt Market Price Evolution. Crop 2004
See this Evolution!
French Malting Barley Price Evolution. Crop 2004
See this Evolution!
Malt Market Price Evolution. Crop 2003
See this Evolution!
French Malting Barley Price Evolution. Crop 2003
E-malt.com graphs
All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.
Last five graphs
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Mexico Barley Prouction and Imports (1995-2006f)
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Japan Beer Sales (1998-2005)
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EU Malting Barley Production, 2005
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Ukraine Beer Production (1993-2006f)
Open this Graph!
World Barley Exports (2004/2005, 2005/2006f)

The graphs are updated from time to time. Just see the updates online on e-malt.com site!
E-malt.com Tables

We have the pleasure to let you know that 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 Statisctis section.

Last five tables
search in statistics
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USA Craft Beer Stats as of Dec. 1, 2005
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EU Malt Export Licence Fixations: January 24, 2006
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Shares of the Main Participants on the Russian Beer market as of January 2006
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Malting Barley Variety Plantings in the US
Open this Table!
Sweden's Beer Consumption 1983-2004

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Currency Rates
Base Currency: Euro, EUR
on 24-February-2006

1 EUR = 1.1921 USD
1 EUR = 0.6823 GBP
1 EUR = 1.3707 CAD
1 EUR = 1.6164 AUD
1 EUR = 140.238 JPY
1 EUR = 2.5463 BRL
1 EUR = 33.6223 RUB
1 EUR = 9.5965 CNY
 Base Currency: US Dollar
on 24-February-2006

1 USD = 0.8389 EUR
1 USD = 0.5723 GBP
1 USD = 1.1498 CAD
1 USD = 1.3557 AUD
1 USD = 117.657 JPY
1 USD = 2.136 BRL
1 USD = 28.2038 RUB
1 USD = 8.0499 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Belgium: InBev called its financial results as a step towards its long-term targets... Click here

World: SABMiller highlights global beer growth opportunities... Click here

Hong Kong: Kingway plans to build beer plant for $100 mln... Click here

USA: Beer will regain momentum in 2006 through innovation... Click here

New Zealand: Beer is the most popular type of alcoholic beverage in the country... Click here

UK & Japan: Greencore Malt to export malt to Japanese brewers... Click here

World: IGC announced a new barley production estimate of 138.5 mln tonnes for 2005/06... Click here

Canada: 2005-06 Pool Return Outlook by CWB is lower for designated barley... Click here

Russia: Efes is planning hops production in Tatarstan... Click here

More News
China: Xinhua Far East Upgrades Tsingtao Brewery Co. Ltd to BBB+ Issuer Rating ... More Info

Belgium: InBev announced its intention to create European Shared Service Centers ... More Info

Australia: GrainCorp sets net profit forecast for 2005/06 ... More Info

USA: Anheuser-Busch restoring sales and earnings momentum ... More Info

Brazil: AmBev Q4 results up, but North America business down ... More Info

Hungary: Pecs Brewery to invest about EUR 4 mln on expanding production ... More Info

Russia: Efes Breweries International president - the chairman of Krasny Vostok board ... More Info

Nigeria: Nigerian Brewery begins full production in Enugu ... More Info

Poland: Zywiec brewery increased its net income by 17 % in 2005 ... More Info

Canada: Steelback Brewery unveils Copperhead Pilsener ... More Info

USA: SABMiller CEO says US price wars still loom ... More Info

Czech Republic: Budvar Dark to arrive bottled ... More Info

USA & China: Anheuser-Busch will start pushing Harbin imports ... More Info

Australia: ABB Grain expects 80 % jump in 2006 earnings after bumper harvest ... More Info

USA: Heineken Premium Light will be the second light beer sold in this country by Heineken ... More Info


Brewery News

0 Belgium: InBev called its financial results as a step towards its long-term targets

InBev, the world’s leading brewer by volume, announced on February 24 its results for the full year 2005 (FY05) and the fourth quarter of 2005 (4Q05):

§ Organic volume growth on average two times global volume growth: organic beer sales volume growth of +5.7% for FY05, and +4.8% 4Q05, year-on-year (yoy);
§ Organic revenue growth above volume growth: volume increase and an organic improvement in revenue per HL (+1.7% in FY05 and +1.9% in 4Q05, yoy) related to several revenue management initiatives, led to organic revenue growth of +7.2% yoy in FY05, and +7.0% yoy in 4Q05;
§ Margin expansion: top-line growth and focus on reducing non-working expenses resulted in normalized EBITDA margin expanding to 28.6% in FY05 versus 26.1% in FY04, and 31.2% in 4Q05 from 29.0% in 4Q04;
§ Normalized profit attributable to InBev equity holders of 1 024 million euro
§ Progress in creating value to shareholders: (1) all Zones except Western Europe realized organic EBITDA margin expansion in FY05, and there are several projects currently underway which are expected to continue to yield positive results, and further enhance our efficiency; (2) pro-active capital structure management; (3) focused deployment of invested capital, via buy-out of minorities in KK (China), and sale of German soft drinks and ... More Info

2 World: SABMiller highlights global beer growth opportunities

In a presentation to the 2006 Consumer Analyst Group of New York (CAGNY) annual conference on February 23 in Scottsdale, Arizona SABMiller plc Chief ... More Info

0 Hong Kong: Kingway plans to build beer plant for $100 mln

China's Kingway Brewery Holdings Ltd. said on February 24 it planned to build a beer plant in the western city Chengdu for up to US$100 million, according to Reuters. The new plant would be built in Chengdu Hi-tech Industrial Development Zone and would be developed in two phases, the brewer said in a statement.

The first phase, which would take 18 months to complete, would involve US$50 million investment with an annual production capacity of 200,000 tonnes.

Kingway said its annual beer production capacity would rise to 1.5 million tonnes on completion of the first phase of development. It gave no other details. The brewer said it would fund the project by internal resources and bank borrowings.

Shares of Kingway have risen about 23 percent over the past three months to end at HK$3.45 on Thursday. (US$=HK$7.8)

2 USA: Beer will regain momentum in 2006 through innovation

Beer has traditionally been the grocery channel’s largest beverage alcohol category. While beer constituted 54 % of alcohol sales in 2005, sales stalled compared ... More Info

2 New Zealand: Beer is the most popular type of alcoholic beverage in the country

Beer, wine, and spirit-based drinks available for consumption all increased in the 2005 calendar year, Statistics New Zealand announced on February 23. Beer still ... More Info

Malt News

2 UK & Japan: Greencore Malt to export malt to Japanese brewers

Greencore Malt based in Bury St Edmunds, has won an award of GBP 20,000 for the development of a project to export malt to Japanese ... More Info

Barley News

2 World: IGC announced a new barley production estimate of 138.5 mln tonnes for 2005/06

International Grains Council (IGC) posted in its last Grain Market Report on February 23 new barley production estimate of 138.5 million tonnes for 2005-2006, ... More Info

0 Canada: 2005-06 Pool Return Outlook by CWB is lower for designated barley

The Canadian Wheat Board (CWB) released on February 23 its Pool Return Outlook (PRO) for the 2005-06 crop year. Compared to the January PRO, the Pool A and B feed barley PROs are unchanged, while the designated barley PRO is down C$1 per tonne.

Note: PROs are the CWB's estimate of crop year returns. Farmers who use PROs to make marketing decisions are advised that unusual weather in importing or exporting countries and other changes in market conditions could dramatically affect the price forecasts. PROs are not price guarantees and should not be confused with initial payments. PROs also do not represent CWB offer values for prospective sales transactions nor sales values for actual transactions.

PRO commentary
2005-06 PRO

Feed barley
Pool A - Sales of this pool are essentially complete.

Pool B - While feed barley prices have shown some strength in recent weeks, export competition is limiting price increases. The outlook for global barley production in 2006-07 is also a negative factor influencing the longer-term price outlook.

Designated barley
The global malting barley market remains under pressure, given ample supplies of Australian malting barley. The strengthening Canadian dollar is also having a negative impact on returns.

Hops News

2 Russia: Efes is planning hops production in Tatarstan

Efes Beverage Group (EBG) is planning together with OAO Krasny Vostok Agro to organise production on growing, drying and processing brewing hops in Tatarstan. ... More Info


Malting barley prices. French barley prices.
Nominal prices.

Theoretical malt prices.
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

Theoretical malt prices for crop 2006 are available on site www.e-malt.com/MarketPrices

Table of the week
Canada: Barley Supply and Disposition

Graph of the week
Germany Beer Sales

Agenda
February 2006:
Food, Hotel & Tourism Bali 2006 The 6th International Exhibition
FRUCHTWELT BODENSEE International Trade Fair for Fruit, Berries, Hops and Destillation
World Brewing Academy International Diploma Conducted at the facilities of Siebel Institute...
ProdEXPO-2006 XIV International Fair-Exhibition.
AHA Membership Rally - New Belgium Brewing Co
August Schell Brewings' Annual Bock Fest...
Sarasota Rhythm & Brews
Florida's best beer festival
GrainWorld 2006

March 2006:
China Drinktec - China International Exhibition on Beverage, Brewery and Wine Technology
Florida Brewers Guild Beer Festival. Beerfest 2006
Nightclub & Bar/Beverage Retailer Beverage & Food Convention and Trade Show
The 10th China International Exhibition on Beverage, Brewery and Wine Technology
Ale Street News' Ultimate Belgian Tasting
WORLD GRAIN CONFERENCE BANGKOK.
WorldFood / AgroWorld Uzbekistan International Exhibition 'Food Industry and Agriculture.
Brew and Beverage Industry - Beer Auction International Trade Fair

April 2006:
2006 Australian International Beer Awards
Helsinki Beer Festival 2006
Craft Brewers Conference & BrewExpo America 2006
BEER. WINES & DRINKS International Beer, Wine and Spirits Manufacturing Exhibition. Belarus
Wine & Spirits Asia International Exhibition of Wine, Spirits and Beer
Hevelius International Beer Festival - Beverages and Gastronomy Devices Fair

More events are available on site e-malt.com
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