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E-Malt.com Flash 27a
June 30 - July 02, 2008
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Currency Rates
Base Currency: Euro, EUR
on 02-June-2008

1 EUR = 1.5559 USD
1 EUR = 0.7852 GBP
1 EUR = 1.5465 CAD
1 EUR = 1.6287 AUD
1 EUR = 164.163 JPY
1 EUR = 2.5344 BRL
1 EUR = 36.855 RUB
1 EUR = 10.8175 CNY
Base Currency: US Dollar
on 02-June-2008

1 USD = 0.6431 EUR
1 USD = 0.5046 GBP
1 USD = 0.9939 CAD
1 USD = 1.0467 AUD
1 USD = 105.555 JPY
1 USD = 1.6289 BRL
1 USD = 23.6871 RUB
1 USD = 6.9525 CNY
Currency Rates, EUR/USD Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

July 01, 2008

Type Crop 2007 Crop 2008
2rs Barley nq   €247.0-249.0 0.40%
6rw Barley nq   €221.0-223.0 1.33%
2rs Malt €530.5-532.5 0.19% €493.5-495.5 0.20%
6rw Malt €497.5-499.5 0.20% €460.5-462.5 0.86%
Feed Barley €175.0-177.0 0.51% 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

Belgium & USA: InBev responds to Anheuser-Busch’s rejection ...Click here
USA: SABMiller plc and Molson Coors announce launch of MillerCoors ...Click here
Estonia: Carlsberg Estonia Holding OÜ announced a mandatory takeover bid for the acquisition of Saku Õlletehase AS ...Click here
Latin America: SABMiller lowers the beer volume growth target for the region due to softer consumer demand ...Click here
Mexico: FEMSA is more likely to team up with a partner than let a giant buy it out ...Click here
UK: Smoking ban will speed up pubs’ closure rate reaching 6,000 in the next five years ...Click here
New Zealand: Beer prices set to rise as excise taxes increase ...Click here
China: COFCO will invest USD 38.5 mln to build a new malting plant in Inner Mongolia ...Click here
Australia: CBH sells barley cargo to SABMiller South American unit ...Click here

USA: Anheuser-Busch to reduce salaried employee benefits in order to cut costs and improve earnings ...More Info
World: The rush for consolidation in beer sector shows no signs of slowing ...More Info
USA: Anheuser-Busch restructuring plan to force InBev to raise bid ...More Info
Mexico & UK: SABMiller CEO declines comment on Modelo ...More Info
Denmark: Harboes Bryggeri may post a fourth-quarter net loss of US$780,000 ...More Info
Belgium: InBev to raise beer prices by an average 4.3 percent as from September ...More Info
Japan: Asahi Breweries' operating profit for H1 may rise 6% ...More Info
USA: Independent Brewers United has executed the merger agreement with Pyramid Breweries ...More Info
Singapore: Fraser & Neave appoints division heads instead of group CEO ...More Info
USA: Constellation Brands profit up; outlook unchanged ...More Info
UK: Chilean and Argentinean beer for UK ...More Info
UK: Muntons Plc has completed a £1.2 million investment at its Cedars malting ...More Info
India: Barley futures fall on export slowdown forecast as Ukraine entered the global trade in the commodity ...More Info
Russia: The government lifts prohibitive grain (including barley) export duties from July 1 ...More Info
UK: A new high-yielding hybrid variety of feed barley ...More Info
Go to our news database with more than 13026 articles.
Today with the possibility to be translated in 7 different languages!

Brewery News

Belgium & USA: InBev responds to Anheuser-Busch’s rejection

InBev said on July 01, 2008 that it remains committed to its proposal to create the world’s leading beer company through an acquisition of all the outstanding common shares of Anheuser-Busch Companies Inc. at $65 per-share in cash, representing an immediate premium of 35% over the unaffected share price and a premium of 18% over the previous all-time high in October, 2002.

Carlos Brito, Chief Executive Officer of InBev, said:

“Our firm proposal of $65 per share reflects the full and fair value of the company. The proposal is backed by fully committed financing, and provides immediate certainty of value in a weakened stock market environment. Our firm proposal was rejected in favor of a newly formulated management plan with significant execution risks.

In addition to guaranteeing immediate value for Anheuser-Busch shareholders, our proposal is predicated on an established track record of international expansion and consistent growth in profitability. This combination would create a stronger, more competitive global company with an unrivaled worldwide brand portfolio and distribution network, as well as unmatched economies of scale in a period of rapidly escalating commodity prices. It would provide unparalleled opportunities for consumers, employees, wholesalers, business partners and communities.

Given the seriousness of our firm ...More Info

USA: SABMiller plc and Molson Coors announce launch of MillerCoors
SABMiller plc and Molson Coors Brewing Company announced on June 30 the closing of the transaction to combine their U.S. and Puerto Rico operations ...More Info

Estonia: Carlsberg Estonia Holding OÜ announced a mandatory takeover bid for the acquisition of Saku Õlletehase AS
At the request and on behalf of Carlsberg Estonia Holding OÜ, Saku Õlletehase AS makes the following announcement:

On 29 May 2008 Carlsberg Estonia Holding ...More Info

Latin America: SABMiller lowers the beer volume growth target for the region due to softer consumer demand
SABMiller, the world's brewing force, lowered the beer volume growth target for one of its key regions, Latin America, the company announced on June ...More Info

Mexico: FEMSA is more likely to team up with a partner than let a giant buy it out
Mexican brewer FEMSA, seen as a target in the current global beer industry consolidation, is more likely to team up with a partner to ...More Info

UK: Smoking ban will speed up pubs’ closure rate reaching 6,000 in the next five years

PricewaterhouseCoopers (PWC), the firm of accountants, expects pub closures to accelerate beyond its own predictions as the smoking ban and consumer squeeze tighten their grip on the sector, The Publican communicated on June 30.

The firm believes 6,000 pubs will close in the next five years if they “do not take definite steps to address the impact of the ban and squeeze on consumer spend”, with 2,000 of these closing this year alone.

PWC said it was revising its 2007 prediction of 5,000 pub closures by 2012 after 1,200 had shut for good last year, double the 700 closures in 2006.

Martin Jervis, partner, Advisory at PWC said now was the time for pub owners to “take a long hard look at their businesses and make some difficult decisions around their future strategy”.

Jervis said companies should “recognise loss-making trends early and deal with them in the appropriate way, for example through sale or closure”.

Meanwhile a Cancer Research study has revealed that 400,000 people in the UK have quit smoking a year after the ban. The charity estimates 40,000 lives have been saved by the legislation.

The smoking ban was introduced throughout the UK on 1 July 2007, when England came into line with public ...More Info

New Zealand: Beer prices set to rise as excise taxes increase

As from today the excise taxes on alcohol increase almost 3.5 per cent in New Zealand.

DB Breweries, which produces Tui, Monteith's and Heineken, will raise prices by an average of 5.5 per cent for a pack of beer and 5.3 per cent for tap beer.

Lion Nathan, producer of Speights, Lion Red, Mac's and Steinlager beer, will also raise prices by an average of 5.5 per cent.

Spirits and ready-to-drink beverages will also reportedly rise, by around 5.3 per cent.

A slightly smaller price hike faces wine drinkers - wine sold by Lion Nathan, which includes Wither Hills, will rise by approximately 4 per cent.

DB Breweries do not produce wine.

Liquor companies are blaming commodity prices for the price increases, saying the cost of malt has soared 50 per cent in the past year.

Hospitality Association of New Zealand chief executive Bruce Robertson said the industry had been reluctant to apply the price increases because of the stretch in the dollar but they "don't have a choice". "We've had significant other increased costs: rent, energy, labour costs - we need to recover that" he said.

Manurewa MP George Hawkins said he didn't think the price increase would have very much impact at all. "To have a ...More Info

Malt News

China: COFCO will invest USD 38.5 mln to build a new malting plant in Inner Mongolia
Leading Chinese grain and oil trader COFCO announced that China Agri-Industries Holdings (China Agri) and the Yakeshi Municipal Government of Inner Mongolia have signed ...More Info

Barley News

Australia: CBH sells barley cargo to SABMiller South American unit
The Grain Pool marketing unit of Western Australian- based Cooperative Bulk Handling Ltd. late Monday, June 30, reported the first sale of a 25,000-metric ...More Info
Scientific Digest

Performance of Husked, Acid Dehusked and Hull-less Barley and Malt in Relation to Alcohol Production

R. C. Agu, T. A. Bringhurst and J. M. Brosnan

J. Inst. Brew. 114(1), 62–68, 2008 Studies carried out on normal husked barley, normal hull-less (naked) barley, acid dehusked barley and acid dehusked hull-less barley, as well as the malts derived from them, showed that when acid dehusked barley samples (obtained from either husked or hull-less barley), were processed using commercial enzyme preparations, they produced more alcohol when compared with the alcohol yield obtained from the barley samples from which the acid dehusked samples were derived. When the husked (Optic) control, acid dehusked and hull-less barley samples were malted, Optic control barley produced malt that gave higher dextrinising units (DU) and diastatic power (DP), whilst acid dehusked Optic and hull-less barley produced malts that gave similar DU results on day 5 of the germination time. When mashed, acid dehusked (Optic) barley malt produced wort that filtered faster than the wort obtained from the malt made from hull-less barley. This observation is very important because it shows that the husk of the barley is not the only factor that determines the filtration performance of the malted barley, since both the malt samples made from husked and acid dehusked barley had similar filtration rates on day 5 of the germination time. The slow filtration rate observed for the wort made from hull-less barley suggests that other factors play some role during the filtration of the mash made from hull-less barley malt. Although hull-less malt appeared to develop lower DU and DP enzyme activities, when compared with the values obtained for the Optic control, hull-less barley malted faster and produced optimum predicted spirit yield (PSY) at day 4 of the germination time. In contrast, the control husked Optic barley malt that had higher DU and DP produced equivalent (optimum) predicted spirit yield one day later at 5 days germination time. This is an advantage for hull-less barley, both in terms of time and energy saving during the malting of barley. Although the acid dehusked Optic barley produced more alcohol than the husked control when commercial enzyme preparation was used to process barley, it was surprising that when the derived malt was assessed, it gave a lower predicted spirit yield than the husked control, even though it produced a higher amount of hot water extract (HWE). The higher extract yield and lower predicted spirit yield obtained from the malt made from acid dehusked malt confirmed that high extract yield is not necessarily associated with high fermentable extract. Key words: Alcohol yield, acid de-husked barley, barley, diastatic power, dextrinising unit, filtration rate, hull-less barley. ... Load full article, 6 pages, 1504 Kb, PDF file

Barley prices.
Malting Barley and Feed Barley

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

Theoretical malt prices

Theoretical malt prices (Crop 2007, Crop 2008).

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

Table of the week
Europe Barley Crop Estimate 2008 (June, 2008)
Table of the week.

Graph Of The Week

These Days in Business History
June 30
1893 Harold/Joseph Laski is born, English economist/Labour leader
1896 W. S. Hadaway patents electric stove

July 1
1875 Universal Postal Union established
1916 Coca-Cola brings current coke formula to the market