E-Malt.com weekly newsletter
Week October 14 - October 20, 2002
Summary
1. Trading info. 2. Industry news. 3. Theoretical malt prices. 4. Malting barley prices.
1.Trading info
Actually there is an OFFER for 500 tons of malt on the trading portal www.e-malt.com
- Offer for 500 mtons of malt, Any 2RS (100%), crop 2001/2002, bulk in container, delivery: October/November 2002, at USD 322.00/mton, FOB, excl THC (to see the malt offer, please view code MF2210O1136)
2. Industry news
Russian Brewery Yarpivo, co-owned by the BBH group has reported a 33% increase of beer production for the first nine month of the year, if compared to the same period of the last year. Sales for the period reached 367 million litres of beer at a value of US$ 116 million.
According to a spokesman for Yarpivo, the company is carrying out a reconstruction of its capacities and improving its technological resources. The company has spent about US$19m improvements, including investments in its sales and logistics department and material warehouse.
In 2002 Yarpivo Brewery was 156 in a list of the top 200 largest Russian companies.
The US beer giant, Anheuser-Busch and the China’s largest beer maker Tsingtao Brewery have sealed their strategic alliance. According to the agreement Anheuser-Bush will increase its stake in Tsingtao Brewery from 4.5% to 27% during 7 years investing $ 181 million as financial and technical aid. The first 4.5% of Tsingtao shares were purchased by AB in 1993.
TsingTao is a leading national brand and about 50% of its output is sold abroad in 40 countries. The Chinese beer market is the second largest beer market in the world after USA with its volume of 220 million hl of beer and a 6% annual increase.
Bulgaria’s competition authorities have passed plans by the Danish brewer Carlsberg to buy a 67% stake in the country’s local brewery Pirinsko Pivo, the local press reported. The deal will now be closed by October 25, 2002.
According to the decision of the Commission for the Protection of Competition Carlsberg will be allowed a 20% share of the local beer market. Thus Carlsberg will take the third place on Bulgaria’s beer market, after Greek Brewinvest and Belgian Interbrew, which hold 26% and 23% respectively.
Carlsberg already owns 59.4% stake in Bulgaria’s Shumensko Pivo from July 2002.
In the fourth quarter of 2002 Russian brewery Patra will sell by auction its 25.5% shares owned by state. 23.8% of shares are owned by Sun Interbrew, the joint venture between Belgium’s Interbrew and Sun Brewing. Patra employees own 50.6% of shares. The value of the shareholding on sales is thought to be around US$25 million.
According to Patra brewery press spokesman, although Sun Interbrew had no influence on Patra activity, Sun Interbrew would probably take part in the auction.
Patra brewery has produced 59 million litres of beer and soft drinks during the first nine months of 2002.
Interbrew and Lion Breweries, a subsidiary of Lion Nathan have re-signed a contract for 10 years, Just-drinks,com reported. According to the contract Lion Breweries obtains the right of brewing, distributing and marketing Stella Artois in New Zealand.
Stella Artois enjoyed a triple increase for the last three years in New Zealand.
"The contract is indicative of the productive relationship between Lion Breweries and Interbrew. The 10-year duration signals the level of commitment from Interbrew to continue working with us," said Julian Davidson, managing director of Lion Breweries.....www.e-malt.com
Heineken will increase its stake in Kazakhstan based Dinal LLP from 28% to 51%, according to the agreement concluded on October the 18. Heineken will use its available cash resources to effect the transaction. Thus Heineken is strengthening its position in fast growing beer markets.
“Dinal has a market share of 8% with the local brand Tian Shan and the international brand Amstel. The sales capacity of the brewery is 300,000 hectolitres and the estimated sales volume for 2002 is 180,000 hectolitres. In 2001 the net turnover amounted to EUR 8 million. The brewery employs 150 people. Heineken acquired its initial 28% stake in 1999, the year in which the Dinal brewery commenced production.
The beer market of Kazakhstan has a total volume of about 2.4 million hectolitres in 2002 and is growing by double digits annually,” Heineken said.
More news are available on site www.e-malt.com
3. Theoretical malt prices.
| EURO = USD 0.9778 October 23, 2002 |
| Crop year |
2002 |
| Parity |
FOB Antwerp |
| Position |
Oct 2002-Sept 2003 |
| Conditioning |
Bulk |
In bags |
Bulk containers |
In bags in containers |
| Malting barley variety |
EURO |
USD |
EURO |
USD |
EURO |
USD |
EURO |
USD |
| 2RS |
Prisma |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
| 2RS |
Scarlett |
310.00 |
303.50 |
325.50 |
318.50 |
322.50 |
315.50 |
331.50 |
324.50 |
| 2RS |
Aspen |
309.00 |
302.00 |
324.50 |
317.00 |
321.50 |
314.00 |
330.50 |
323.00 |
| 2RS |
Optic |
306.50 |
299.50 |
322.00 |
314.50 |
319.00 |
311.50 |
328.00 |
320.50 |
| 2RS |
Nevada |
304.00 |
297.50 |
319.50 |
312.50 |
316.50 |
309.50 |
325.50 |
318.50 |
| 2RS |
Astoria |
304.00 |
297.50 |
319.50 |
312.50 |
316.50 |
309.50 |
325.50 |
318.50 |
| 2RS |
Cork |
304.00 |
297.50 |
319.50 |
312.50 |
316.50 |
309.50 |
325.50 |
318.50 |
| 2RS |
Average price |
306.50 |
300.00 |
322.00 |
315.00 |
319.00 |
312.00 |
328.50 |
321.00 |
| 2RS |
FAQ |
302.50 |
296.00 |
318.00 |
311.00 |
315.00 |
308.00 |
324.50 |
317.00 |
| 6RW |
Esterel |
276.50 |
270.50 |
292.00 |
285.50 |
289.00 |
282.50 |
298.00 |
291.50 |
|
4. Malting barley prices. French barley prices
| EURO = USD 0.9778 October 23, 2002 |
| Crop year |
2002 |
| Parity |
FOB Creil |
| Position |
July 2002 |
| Type |
Variety |
EURO |
USD |
| 2RS |
Prisma |
nq |
nq |
| 2RS |
Scarlett |
150.00 |
147.00 |
| 2RS |
Aspen |
149.00 |
146.00 |
| 2RS |
Optic |
147.00 |
144.00 |
| 2RS |
Nevada |
145.00 |
142.00 |
| 2RS |
Astoria |
145.00 |
142.00 |
| 2RS |
Cork |
145.00 |
142.00 |
| 6RW |
Esterel |
126.00 |
123.50 |
| 6RW |
Maeva |
nq |
nq |
|