E-Malt.com weekly newsletter
Week October 28 - November 03, 2002
Summary

1. Industry news.   2. Theoretical malt prices.   3. Malting barley prices.  

1. Industry news

The Czech second largest brewer, Prazske Pivovary, a part of the Interbrew group, has named Vincent Lefere as its new CEO. Lefere is now CEO at Interbrew Romania and will take up his new post on November 18. He is a Belgian and has been working for Interbrew for 12 years. Prazske Pivovary owns around 14% of Czech beer market.

The Australian distributors of the US beer brand, Budweiser, the leading brand of the Anheuser-Busch brewing conglomerate, and the Australian Adelaide-based brewer, Coopers Brewery, are to form a joint venture company. The new company will market both the Coopers brand and Budweiser. The company is to be headquartered in Melbourne and Tim Cooper is to be its chairman.

The Brazilian brewery Brahma has launched a new light beer brand, Brahma X, which contains 5.5° alcohol. With this launch the brewery intends to win 30% of the light segment in the Venezuelan market. To develop and launch Brahma X the company invested US$20 million in 2002 and it aims to sell 7 million litres over the first year of operations and end 2003 selling 22 million litres.

Brussels, Belgium, 28 October 2002 – Interbrew, the world’s third-biggest brewer by volume announced its trading data for the first nine months of 2002, which confirm the growth of its business. Compared with the same nine-month period last year the volume is up 16.8%. “Stella Artois® continues its double-digit growth in the United Kingdom, while in Germany Beck's® continues to outperform the industry at premium pricing,” the company reported......www.e-malt.com

Anheuser-Bush Companies, Inc. reported strong achievements for the third quarter and nine months of 2002. According to Patrick Stokes, President and CEO, net sales increased 5.2% and 4.5%, respectively for the periods, versus the same 2001 periods. Diluted earnings per share for the third quarter and nine months increased 12.7 percent and 13.3 percent, respectively. For more info you may go to http://www.anheuser-busch.com/news/.

More news are available on site www.e-malt.com

2. Theoretical malt prices.



  EURO = USD 0.9838 October 30, 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  305.00  325.50  320.50  322.50  317.50  331.50  326.50 
2RS  Aspen  309.00  304.00  324.50  319.00  321.50  316.00  330.50  325.00 
2RS  Optic  306.50  301.50  322.00  316.50  319.00  313.50  328.00  322.50 
2RS  Nevada  304.00  299.00  319.50  314.50  316.50  311.50  325.50  320.50 
2RS  Astoria  304.00  299.00  319.50  314.50  316.50  311.50  325.50  320.50 
2RS  Cork   304.00  299.00  319.50  314.50  316.50  311.50  325.50  320.50 
2RS  Average price  306.50  301.50  322.00  317.00  319.00  314.00  328.50  323.00 
2RS  FAQ  302.50  298.00  318.00  313.00  315.00  310.00  324.50  319.00 
6RW  Esterel   278.00  273.50  293.50  288.50  290.50  285.50  299.50  294.50 


Theoretical malt prices for crop 2003 are available on site www.e-malt.com

3. Malting barley prices. French barley prices. Nominal prices.


EURO = USD 0.9838 October 30, 2002 
 Crop year   2002   2003 
 Parity   FOB Creil   FOB Creil 
 Position   July 2002   July 2003 
Type   Variety  EURO  USD  EURO  USD 
2RS  Prisma  nq  nq  nq  nq 
2RS  Scarlett  150.00  147.50  149.00  146.50 
2RS  Aspen  149.00  146.50  148.00  146.00 
2RS  Optic  147.00  145.00  146.00  144.00 
2RS  Nevada  145.00  143.00  144.00  142.00 
2RS  Astoria  145.00  143.00  144.00  142.00 
2RS  Cork   145.00  143.00  144.00  142.00 
6RW  Esterel   127.00  125.00  126.00  124.00 
6RW  Maeva  nq  nq  nq  nq 

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


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