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E-Malt.com newsletter
November 17 - November 19, 2003

     Summary
E-malt.com is Your first choice
2. Brewery News
3. Malt News
4. Barley News
5. More News
6. Theoretical malt prices
7. Malting barley prices
8. Graph of the week
9. Do you know e-malt.com?
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Access news database! Go to our news database with 1697 articles Currency rate
for 19-Nov-2003 / EUR
1 EUR = 1.1951 USD
1 EUR = 0.7020 GBP
1 EUR = 1.5540 CAD
1 EUR = 1.6520 AUD
1 EUR = 129.16 JPY
1 EUR = 3.5172 BRL
1 EUR = 35.614 RUB
Currency rate
for 19-Nov-2003 / USD
1 USD = 0.8370 EUR
1 USD = 0.5875 GBP
1 USD = 1.3003 CAD
1 USD = 1.3823 AUD
1 USD = 108.11 JPY
1 USD = 2.943 BRL
1 USD = 29.80 RUB


 Top Industry News 


  • The European Court of Justice has given Austria the right to stop the American brewer Anheuser Busch from marketing its flagship beer in Austria Click here

  • The Danish brewing force, Carlsberg A/S, announced on November 18 that the Board of Directors of Carlsberg Sweden has decided to transfer the production of beer ... Click here

  • SINGAPORE: Asia-Pacific Breweries Ltd, which produces "Tiger Beer", posted on November 14 good results in both sales and net profit for 2003 year ended on September 30, 2003 ... Click here

  • Czech breweries produced around 14.03 million hectolitres of beer in the first nine months of 2003, a rise year-on-year of 2.4% ... Click here

  • Russian company OAO Russky Solod have started building a malting plant in Orlovsk Region, Russia ... Click here

  • Main barley exporters ... Click here

  • The Ukraine harvested 7.45 million tonnes of barley of variable, predominantly inferior quality ... Click here


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

    • Singapore’s third biggest conglomerate, Fraser & Neave Ltd (F&N), reported on Nov-14 a 38% jump in full-year profit, propelled by higher sales ...more info


    • The UK regional brewer and pub operator, Young & Co, announced on November 13 that it had registered a 7.1% rise in profit before tax to £5.0 million ...more info


    • The UK brewing giant, Scottish & Newcastle, announced the pending resignation of one of its non-executive directors. Frank Riboud will stand down on 27 November ...more info


    • The rating on SABMiller brewery was cut by the investment bank Credit Suisse First Boston from "neutral" to "underperform" with a 480 pence share price target ...more info


    • The Russian brewing force, Baltika Brewery, based in St. Petersburg, posted 3,789 mln rbl (11.9% up on year) as 9-month net profit for product shipped under Russia's Accounting Standards ...more info


    • “Only 7% of Interbrew’s sales take place in Belgium,” the Chairman of Interbrew, Pierre Jean Everaert, said and explained the need to have foreigners on its board ...more info


    • The Swiss brewer, Eichhof Holding, has posted recently net profit for the full year of CHF8.1 million, a 76.1% increase versus the CHF4.6 million a year ago ...more info


    • The German beer maker, Holsten-Brauerei AG, is in talks with companies competitors, which may see the break up of the company ...more info

    2. Brewery News

    The European Court of Justice has given Austria the right to stop the American brewer Anheuser Busch from marketing its flagship beer in Austria under the name 'American Bud', Europolitix agency reported on November 18. The case is yet another chapter in the protracted dispute between the Czech brewer Budejovicky Budvar and AB both of whom claim to be the rightful owners of the name ‘Budweiser’. The Czech firm claims that its hometown village of Ceske Budejovice – called Budweis in German –gives it the rights to the Budweiser brand name. Conversely, AB - set up by German immigrants from Budweis to the US in the mid-nineteenth century - has been largely responsible for the global recognition the name Budweiser now has. The crux of the present case rests on a 1976 bilateral deal between Austria and its neighbour the then Czechoslovak Socialist Republic which gave BB exclusive rights to the name ‘Bud’. The Austrian courts must now decide whether this deal was still valid when Austria joined the EU after the fracturing of Czechoslovakia in 1993 in the aftermath of the fall of the Soviet bloc. If the authorities consider the bilateral agreement untouched by political changes then it predates Austria’s accession to the EU in 1995 and is therefore legally binding despite contradicting EU rules on the free movement of goods. Furthermore, if Vienna decides that the name ‘Bud’ in the minds of Austrian drinkers designates a region or a place in the Czech Republic, then the name will come under a protection scheme for industrial and commercial products which must then be extended to Austrian territory as well...more info

    The Danish brewing force, Carlsberg A/S, announced on November 18 that the Board of Directors of Carlsberg Sweden has decided to transfer the production of beer and soft drinks from the brewery in Stockholm to Falkenberg and to a lesser extent to Copenhagen. The transfer of the production will take place gradually, and the process is to be completed during October 2004. It is expected that this decision will improve Carlsberg Sweden's operating profit with approx. 70 million SEK annually with full effect from 2005. Consequently, approx. 300 jobs will be shed in Stockholm, however, approx. 60 new jobs will be created in Falkenberg. One-time costs related to the restructuring cannot yet be specified. The reason for the decision is the past years' weak development in Carlsberg Sweden's sales and earnings in a market characterized by a very high level of excise duties on beer, substantial parallel import and increasing consumption of discount beer. As to rationalisation of administration in Sweden, a decision is expected to be made in December 2003.

    SINGAPORE: Asia-Pacific Breweries Ltd, which produces "Tiger Beer", posted on November 14 good results in both sales and net profit for 2003 year ended on September 30, 2003. Net profit for the year rose by 10.9% to S$94.14m (US$54.26m) from S$84.9m year-on-year. Sales increased by 15.1% to S$1.26 billion. The brewer witnessed strong performances in New Zealand, Vietnam, and improvements in Thailand and Papua New Guinea. In September, Asia-Pacific was hit for undisclosed claims from banks in Germany, Sweden and Japan after one of the company’s executives was charged with defrauding them of up to US$69m. The brewery has said it will contest the charges. The case is expected to open in Singapore’s High Court soon. Asia-Pacific, makers of Tiger beer, is joint-owned by Dutch brewery Heineken NV (42.5%) and Fraser & Neave Ltd (37.9%). It is also Singapore’s oldest brewery.

    Czech breweries produced around 14.03 million hectolitres of beer in the first nine months of 2003, a rise year-on-year of 2.4%, Czech Association of Breweries and Malt Houses reported. Jan Vesely, chairman of the Czech Association of Breweries and Malt Houses, said that he expected full-year output to be about 2% higher than last year, with exports exceeding 2m hectolitres against 1.075m hectolitres in 2002. At the end of June, output was level with 2002, but thanks to the good weather, sales picked up in Q3. A realistic comparison between this year and last year, however, is difficult due to the devastating floods around Europe in August last year. The medium- and long-term future for the Czech brewing industry looks positive once the Czech Republic accedes to the European Union in May. Co-entrants Poland and Hungary will then have to lift quotas on Czech beer imports, according to Vesely.

    3. Malt News

    Russian company OAO Russky Solod have started building a malting plant in Orlovsk Region, Russia, according to the Russian media reports from November 18. OAO Russky Solod is a subsidiary of Avangard Bank. The total cost of the project is 1 billion RUB (about US$ 33.6 million). The plant is to be launched by January 2005. The production capacity is to be about 100 thousand tonnes of malt per year. The plant built in Orlovsk Region is the third malting plant build by the Avangard Bank on the territory of Russia. The total production capacities of plants will come to 300 thousand tonnes per year that will cover about 30% of the Russian brewers needs in malt. The total cost of the project regarding building malting plants in Russia is estimated at US$ 100 million. There was invested about US$ 55 million by the middle of November 2003.

    4. Barley News

    Main barley exporters

     (in '000 tonnes) 1999-2000  2000-2001  2001-2002  2002-2003  2003-2004 (prev) 

    European Union 

    10,100  7,600  3,600 5,000  4,200 
    feeding barley  8,300  6,300  2,500  3,600  3,000 
    malting barley  1,800  1,300  1,100  1,400  1,200 
               
    Ukraine  700  1,200  2,800  2,900  1,000 
               
    Russia  100  700  2,600  3,500  2,000 
               
    Australia  3,300  3,600  4,100  2,700  3,400 
    feeding barley  1,800   1,900  2,400  1,500  1,700 
    malting barley  1,400  1,700  1,700  1,200  1,700 
               

    Canada 

    1,700  1,900  1,100  400  1,800 
    feeding barley  500  600  200  500 
    malting barley  1,200  1,300  900  400  1,300 
               

    USA 

    600  1,300  600  600  600 
    feeding barley  400  900  400  400  400 
    malting barley  200  400  200  200  200 

    Source: C.I.C.

    The Ukraine harvested 7.45 million tonnes of barley of variable, predominantly inferior quality. UkrAgroConsult estimates the export surplus at 1.05 million tonnes. Export contracts for 1.29 million tonnes were registered, of which 808,000 tonnes in September, but only 7,000 tonnes in October. One reason for contract registrations was the threat of export taxes. Physical exports were 755,000 tonnes from July until October 27, 2003. Russia’s barley crop is estimated between 15.5 and 17 million tonnes. Export surplus is 1.2-2.0 million tonnes. Exports during July-August were 585,000 tonnes. In both countries there is concern about the availability of good quality malting barley. Russia imported 50,000 tonnes in July/August, and may need a few hundred thousand tons in 2003/2004. The Ukrainian industry asked for duty-free imports of 150,000 tons, which, however, were not granted by the government.


    5. Theoretical malt prices.

      EURO = USD 1.1951 November 19, 2003 
    Crop year  2003 
    Parity  FOB Antwerp 
    Position  Nov 2003-Sept 2004 
    Conditioning  Bulk   In bags  Bulk containers  In bags in containers 
    Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
    2RS  Scarlett  283.50  339.00  299.00  357.00  295.00  352.50  304.50  364.00 
    2RS  Prestige/Cellar  282.50  337.50  297.50  355.50  294.00  351.50  303.50  362.50 
    2RS  Aspen  281.00  336.00  296.50  354.00  292.50  350.00  302.50  361.00 
    2RS  Optic  280.00  334.50  295.00  352.50  291.50  348.50  301.00  359.50 
    2RS  Astoria  280.00  334.50  295.00  352.50  291.50  348.50  301.00  359.50 
    2RS  Cork   280.00  334.50  295.00  352.50  291.50  348.50  301.00  359.50 
    2RS   Average price  281.50  336.50  296.50  354.50  293.00  350.00  302.50  361.50 
    2RS  FAQ  278.50  333.00  294.00  351.00  290.50  347.00  300.00  358.50 
    6RW  Esterel   nq  nq  nq  nq  nq  nq  nq  nq 

    6. Malting barley prices. French barley prices. Nominal prices.
    EURO = USD 1.1951 November 19, 2003 
     Crop year   2003 
     Parity   FOB Creil 
     Position   July 2003 
    Type   Variety  EURO  USD 
    2RS  Scarlett  148.00  177.00 
    2RS  Prestige/Cellar  147.00  176.00 
    2RS  Aspen  146.00  174.50 
    2RS  Optic  145.00  173.50 
    2RS  Astoria  145.00  173.50 
    2RS  Cork   145.00  173.50 
    6RW  Esterel   nq  nq 
    Feed  Barley (FOB Rouen)  nq  nq 

    nq - Not quoted

    Prices for Danish and UK malting barley are available on site www.e-malt.com/MarketPrices

    7. Graph of the week


    Source: U.S. Deparment of Commerce

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