If you want to see the web version you may click here or access http://e-malt.com/publications.asp?2722
E-Malt.com Flash. Sent to: . User ID: @USERID@.
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
Barley&Malt price evolution
Table of the week
Graph of the week
On These Days
Agenda
Do you know e-malt.com?
Average market prices
Change trend
09 Nov - 10 Nov 2006
Crop 2006
2rs Barley €202.0-204.0   1.50%
6rw Barley €183.0-185.0   1.66%
2rs Malt €381.5-383.5   0.92%
6rw Malt €357.5-359.5   0.99%
Crop 2007
2rs Barley €169.0-171.0   1.19%
6rw Barley €147.0-149.0   1.37%
2rs Malt €329.5-331.5   0.76%
6rw Malt €301.5-303.5   0.67%

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.

Easy E-malt.com

E-malt.com access
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!
Other e-malt.com newsletters
Last five E-malt Flashes
See this Newsletter!
Flash 45a, 2006
See this Newsletter!
Flash 44b, 2006
See this Newsletter!
Flash 44a, 2006
See this Newsletter!
Flash 43b, 2006
See this Newsletter!
Flash 43a, 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
Open this Graph!
South America Barley Malt Imports (2005-2006e)
Open this Graph!
Beer Consumption in Russia (per capita 1991-2005)
Open this Graph!
World Barley Production (2005-2006 2006-2007f)
Open this Graph!
Top 10 European Beer Brands (2005)
Open this Graph!
Asia Malt Imports

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
Open this Table!
European Barley Production by Countries
Open this Table!
EU Malting Barley Supply and Demand Estimate 2006/2007
Open this Table!
EU Malt Export Licence Fixations
Open this Table!
Australian Barley Crop Forecast
Open this Table!
The Top 10 Domestic Beers in the US in 2005 by market share

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, or send a aletter to us using e-mail info@e-malt.com. Please take into consideration your registration data.

E-malt.com Flash 45b
November 09 - November 12, 2006
Quote of the week

"[I recommend]... bread, meat, vegetables and beer."
Sophocles' philosophy of a moderate diet

             You are part of the 29,000 professional readers from 183 countries who receives our free bi-weekly E-malt Newsletters published since 3 years. You looked pleased in getting them as we have registered something like 1,000,000 readings.
             To keep this high level of informative reservoir in both brewing and malting industries and in order to continue to improve it we have to request for a small contribution to get a Full Bi-weekly Newsletter.
             Many of other readers have responded positively and doing so giving us the possibility to keep developing this world informative reference.
             A one-year access costs only 149,- Euros and you will receive full membership to both our Full Bi-weekly Newsletter and website username protected access to all e-malt.com pages and client services.
             You can pay by credit card or bank transfer (against invoice). Ordering is simple, use our online secure ordering system: click hereunder to begin - you could have access in just 5 minutes!

CLICK HEREUNDER TO SUBSCRIBE
One-year individual subscription: 149, - Euros
Two-year individual subscription: 259, - Euros

Save money when your colleagues join:
One-year group subscription for 2-5 Members: 299, - Euros
One-year group subscription for 6-10 Members: 449, - Euros
One-year group subscription for 11-20 Members: 599, - Euros
One-year group subscription for 21-50 Members: 799, - Euros
One-year group subscription for 51-100 Members: 999, - Euros
One-year group subscription for 101 or more Members: 1200, - Euros

For a personal service contact our Membership staff :
Email : info@e-malt.com
Direct line : +32 (0)87 681381; Fax : +32 (0)87 352234
If calling, please note our office hours are 9am - 5pm (Belgium time)

Click here to see one of our Full Bi-weekly Newsletters


Currency Rates
Base Currency: Euro, EUR
on 10-November-2006

1 EUR = 1.2781 USD
1 EUR = 0.671 GBP
1 EUR = 1.4451 CAD
1 EUR = 1.6656 AUD
1 EUR = 150.76 JPY
1 EUR = 2.7426 BRL
1 EUR = 34.0932 RUB
1 EUR = 10.0673 CNY
 Base Currency: US Dollar
on 10-November-2006

1 USD = 0.7825 EUR
1 USD = 0.5251 GBP
1 USD = 1.1306 CAD
1 USD = 1.303 AUD
1 USD = 117.961 JPY
1 USD = 2.1458 BRL
1 USD = 26.6741 RUB
1 USD = 7.8766 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Belgium: InBev confirms beer sales improved by 4.6% in the third quarter 2006... Click here

UK & South Africa: SABMiller reported beverage volumes were up 9% on an organic basis for the six months ended 30 September 2006... Click here

Singapore: Asia Pacific Breweries reports 15% organic growth in Attributable Net Profit for FY2006... Click here

Latin America: AmBev wants to purchase remaining stake in Quilmes Industrial (Quinsa)... Click here

Portugal: Czech Budejovicky Budvar NP won over Anheuser Busch in trademark battle for the Portuguese beer market... Click here

Germany: Maltsters lack for good quality malting barley... Click here

EU: Experts believe brewers must prepare for malt prices somewhere between EXW €/t 300 to 400... Click here

World: Malt shortage and record beer sales put an enormous financial stress on the malting industry... Click here

EU: Experts envisaged three ways to attenuate the impact of poor barley crop on maltsters... Click here

USA: Cargill prefigures a more secure barley marketing option for North Dakota barley growers... Click here

More News
Brazil: InBev’s Brazilian unit AmBev reported a net profit of BRL486.1 million ($226.1 million) for the third quarter 2006 ... More Info

Russia: Efes Breweries International NV announced minority buy out in Moscow Efes Brewery completed ... More Info

UK: Rumours say Greene King would consider a £3 billion bid for Wolverhampton & Dudley Breweries ... More Info

USA: Granite City Food & Brewery Ltd. reported revenue increased 58.3% to $41.3 million for the nine months ended September 26 2006 ... More Info

Denmark: Carlsberg intends to put more emphasis on thirsty Asian and Eastern Europe beer markets ... More Info

UK & Denmark: BBH forecasted incremental synergies of US$20 million in 2007 ... More Info

Germany: Warsteiner brewery is expanding its supply chain management solutions in order to optimize its production process ... More Info

Canada: Big Rock Brewery Income Trust announced sales volume dropped by 4% to 153,915 hl for the nine months ended September 30, 2006 ... More Info

Russia: Beer distributor started to sell Russia-made Kirin Ichiban beer ... More Info

Europe: SABMiller Europe is performing strong results as it provided nearly 20% of the group’s EBITDA for the six months ended September 30, 2006 ... More Info

Russia: Analysts say Russians drink 50% more strong alcoholic beverages than wine and beer ... More Info

Angola: EKA Brewer intends to invests US$30 million in modernization and capacities increase ... More Info

USA: Anheuser – Busch co-owned Widmer Brothers Brewery starts $22 million extension ... More Info

Canada: Lakeport Brewing Income Fund reported 3Q 2006 gross sales were up 27.6% reaching CA$50.1 million ... More Info

USA: Anheuser Busch introduces new technology which drives the beer to 22° F without freezing it ... More Info

Ghana: Heineken subsidiary Guinness Ghana Breweries Limited reported profit after tax stood at GHC1.048 trillion for FY2006 ... More Info

Nigeria: Nigerian Breweries Plc adjusted the equity price for interim dividend ... More Info


Brewery News

0 Belgium: InBev confirms beer sales improved by 4.6% in the third quarter 2006

InBev, the world’s leading brewer by volume, announced November 08 its results for the third quarter of 2006 (3Q06):

Organic volume growth driven by developing markets: organic beer sales volume grew +4.6% in 3Q06 versus the third quarter of 2005 (3Q05), primarily as a function of strong beer growth in Central & Eastern Europe (+14.8%) and Latin America (+4.8%), providing further evidence of the company’s attractive growth profile. Beer volume growth in North America (-2.4%) and Western Europe (-2.5%) remained under pressure, confirming the need to continue reducing costs to be able to invest in future growth

Continued revenue growth: revenue increased organically by +7.1% year-on-year (yoy), as a combination of higher volumes and effective revenue management initiatives; the latter drove an organic +1.6% increase in revenue per Hl yoy

Solid cost management: once more consolidated cost of sales (CoS) and operating expenses were kept under tight control. The company continued to benefit from the implementation of our plant optimization and Zero Based Budgeting (ZBB) programs, which when combined with the company’s procurement efforts, are designed to keep the overall cost base growing below average inflation, in line with InBev’s long-term goals. During the quarter organic CoS per Hl improved by +2.7% and ... More Info

2 UK & South Africa: SABMiller reported beverage volumes were up 9% on an organic basis for the six months ended 30 September 2006

SABMiller plc announced November 09 its interim (unaudited) results for the six months ended 30 September 2006.

Group lager volumes up 29% to 117 ... More Info

0 Singapore: Asia Pacific Breweries reports 15% organic growth in Attributable Net Profit for FY2006

Main board listed Asia Pacific Breweries Limited (APB) reported November 10 record high revenue, profit before interest and taxation (PBIT) and attributable net profit before exceptional items for the full year ended 30 September 2006.

Group profit before interest and tax (PBIT) grew 16% or S$35.4 million to S$254.7 million. Excluding the one-off adjustment on royalties of S$20.7 million, translation losses, gestation losses from new businesses and business development related costs, PBIT grew organically by S$29 million or 13% as compared to the previous year.

Attributable net profit before exceptional items achieved growth of 15% or S$17.2 million to S$131.6 million. Without taking into account the one-off adjustment on royalties of S$16.5 million, translation losses, gestation losses from new businesses and business development related costs, group attributable profit before exceptional items also grew 15% organically or S$16.9 million.

During the year, its operations in Vietnam reached an agreement on royalty rates payable for the past years. This has resulted in a one-time cancellation of royalties previously charged to the operations for prior years for an amount of S$31.6 million.

A sum of S$10.9 million of this benefit which relates to inter-company royalties has been eliminated on consolidation at Corporate Office level. The remaining S$20.7 ... More Info

2 Latin America: AmBev wants to purchase remaining stake in Quilmes Industrial (Quinsa)

Companhia de Bebidas das Americas - AmBev - announced November 08 that its board of directors has approved a plan to make a voluntary ... More Info

2 Portugal: Czech Budejovicky Budvar NP won over Anheuser Busch in trademark battle for the Portuguese beer market

Czech brewery Budejovicky Budvar NP said November 09 that the Portuguese Patent Office has ruled Budejovicky Budvar is entitled to use the Budweiser Budvar ... More Info

Malt News

2 Germany: Maltsters lack for good quality malting barley

An official from the German Maltsters Association said the penury of good quality malting barley reflected itself badly upon the maltsters’ activity. Malt producers ... More Info

2 EU: Experts believe brewers must prepare for malt prices somewhere between EXW €/t 300 to 400

Analysts said October 31st that there is a great apprehension that the acreage of malting barley will shrink further in the EU, mostly in ... More Info

2 World: Malt shortage and record beer sales put an enormous financial stress on the malting industry

Experts pointed out October 31st that 2006/07 MY is a year of extremes: barley crop failures in the EU and Australia, an apparent capacity ... More Info

Barley News

0 EU: Experts envisaged three ways to attenuate the impact of poor barley crop on maltsters

Referring to the EU difficult barley crops and markets, experts stressed out October 31st that there are three possibilities to ration barley supplies to malting companies:

a) higher prices,
b) usage of lower quality barley and
c) a lower malt production.

The market trend to-date indicates that many maltsters and/or brewers have insisted on high quality barley deliveries and have therefore driven up market prices.

The lower quality sector shows a number of limitations: malting barley with handicaps of protein, screenings, germination and pregermination has become very expensive as well, and is not readily available anyway.

First test results of malted feed barley show a poor malt quality, as had to be expected. Therefore the risk of a lesser malt production and a malt short next spring remains a strong possibility.

0 USA: Cargill prefigures a more secure barley marketing option for North Dakota barley growers

Representatives from Cargill Malt in North Dakota are meeting barley farmers across the state to discuss the benefits of grower contracts, Food navigator released November 08.

The first two grower meetings, held in Jamestown on November 08, are designed to provide farmers with the opportunity to obtain information on contract prices and varieties. The company said that farmers looking to maximize the value of their crop for malting-quality barley for the 2007 season should attend.

“Cargill has moved forward with construction to significantly expand its processing capacity at the malting plant in Spiritwood, located in the heart of the nation's top barley-producing state,” said John Zietz, barley supply chain manager, Cargill Malt.
"This project will enhance Cargill's competitive position in the North American malting industry and provides a more secure barley marketing option for North Dakota producers."

For this reason, Cargill Malt plans to increase both the number of grower participants and the amount of acreage in its 2007 program. Grower contracts may be limited and future contract price offerings are subject to change.

“Cargill has the only malting facility in the state; we're right there locally on the ground in North Dakota, which offers a competitive advantage to North Dakota barley ... More Info


Malting barley prices. French barley prices.
Nominal prices.

nq - Not quoted
Prices for Danish malting barley are available on site www.e-malt.com/MarketPrices

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 2007 are available on site www.e-malt.com/MarketPrices

Barley and Malt Prices Evolution
Barley and Malt Price Evolution

Source: E-Malt.com, October 2006
Newsletter SummaryTop

Table of the week

EU Malt Export Licence Fixations

Graph of the week
Asia Beer Production by Countries

These Days in Business History
November 09
1983 Amsterdam brewer Freddie Heineken was kidnapped

November 10
1951 1st long distance telephone call without operator assistance

November 11
1993 Bill Gates buys Leonardo da Vinci's "Codex" for $30,800,000

November 12
1494: Corporate balance sheets and income statements can trace their heritage to this day, as the first edition of Luca Pacioli's Summa de Arithmetica, Geometria, Proportioni et Proportionalita is printed in Venice.
Agenda
November 2006:
Balkan Food & Drinks 2006, Bulgaria.
World Food Kazakhstan - 2006
Food & Drinks 2006, Georgia.
EBC SYMPOSIUM ON DRINKABILITY, UK.
InterDrink - 2006, Moscow
PeterFOOD - 2006, Saint-Petersburg
Americas Food & Beverage Show
IHGC meetings Germany
Interfood & Drink, Bulgaria
BRAU Beviale European Trade Fair for the Beverage Industry
Interfood Georgia - 2006
Foodapest - 2006, Budapest
International Forum 'Drinks Industry'
InterFood Tajikistan - 2006

December 2006:
12th OBER Kerstbierfestival , Belgium

January 2007:
2007 Barley Improvement Conference, USA.

More events are available on site e-malt.com
Copyright © E-Malt s.a. 2006