E-Malt.com weekly newsletter
Week November 18 - November 24, 2002
Summary
1. Industry news. 2. Theoretical malt prices. 3. Malting barley prices.
1. Industry news
The Venezuelan company, Cisneros Group has declared that it has acquired a further 4,828,609 shares in the Peruvian brewer, Backus & Johnston (Backus), from minority shareholders for $77.26m. Cisneros said that it had acquired 87.86% of the minority shares it was seeking to buy. "We continue to be very enthusiastic about our interests in Backus & Johnston," said Cisneros spokesperson, Susan Ainsworth.
The Peruvian market regulator, Conasev, is currently investigating allegations, made by the Venezuelan brewer, Polar, which has also acquired a stake in Backus, that Cisneros has colluded with the Colombian brewer, Bavaria, in a bid to take control of Backus without triggering a full public offer.
The German city of Hanover is preparing to file a lawsuit to stop the Belgian beer giant Interbrew from buying Gilde Brauerei, Just-drinks.com reported. On November the 15th Interbrew announced a EUR 525 million deal on acquiring Brauergilde Hannover, the parent company of Gilde Brauerei. According to the same source, the German city of Hanover is also taking Brauergilde Hannover to court over company’s decision to accept the offer. Although more than 60% of Brauergilde Hannover shareholders attended an extraordinary meeting on Friday and voted in favour of changing the company's by-laws to allow for its sale to Interbrew, the city is arguing that a simple majority was enough to approve the sale. The city treasurer said: "For a change in the company status to allow a takeover in the first place, a 75% majority is needed. There was no 75% majority, but only a simple majority."
November the 20th 2002. Interbrew, The World’s Local Brewer, announced the reaching of an agreement with Boon Rawd Brewery to produce Kloster under licence in Thailand. Kloster is the third flagship brand in the Beck & Co portfolio. It has been available in Thailand since 1975 under licence agreement with Thai Amarit Brewery.
The production, distribution and marketing of Kloster® will be transferred from Thai Amarit to Boon Rawd at the beginning of 2003. Both Interbrew and Boon Rawd have made a strong commitment to continue to develop Kloster®'s market share, utilising Boon Rawd's vast knowledge of the local beer market, the company said.
Coors, the American brewing group, which makes Carling, Britain's best selling lager, has announced plans to plough an extra GBP35 million into the Burton on Trent brewery - already the biggest in the country, the Mail on Sunday reported.
Coors Brewers, the UK branch of the empire, said the investment would increase capacity at the Burton plant by a million barrels a year.
As well as the popular Carling brand, bought from Interbrew for £1.2bn in December 2001, Coors owns the Worthington and Caffreys names and holds the UK rights to Grolsch.
November 15, 2002. The Belgian brewing giant, Interbrew, announced that its offer to acquire Brauergilde Hannover, the parent company of German brewer Gilde Brauerei, was supported by the Management Board and Supervisory Board of Brauergilde Hannover AG. The deal values around EUR 523 million (US$526.6 million). “The offer is conditional upon Interbrew acquiring at least 50.1% of the shares of Brauergilde Hannover AG and on obtaining clearance by the relevant competition authorities,” the company said.
More news are available on site www.e-malt.com
2. Theoretical malt prices.
| EURO = USD 1.0035 November 20, 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 |
316.50 |
317.50 |
331.50 |
333.00 |
328.50 |
330.00 |
338.00 |
339.00 |
| 2RS |
Aspen |
315.00 |
316.50 |
330.50 |
331.50 |
327.50 |
328.50 |
336.50 |
337.50 |
| 2RS |
Optic |
312.50 |
313.50 |
328.00 |
329.00 |
325.00 |
326.00 |
334.00 |
335.50 |
| 2RS |
Nevada |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
| 2RS |
Astoria |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
| 2RS |
Cork |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
| 2RS |
Average price |
314.50 |
315.50 |
330.00 |
331.50 |
327.00 |
328.00 |
336.50 |
337.50 |
| 2RS |
FAQ |
310.00 |
311.50 |
325.50 |
326.50 |
322.50 |
323.50 |
331.50 |
333.00 |
| 6RW |
Esterel |
283.00 |
283.50 |
298.00 |
299.50 |
295.00 |
296.00 |
304.50 |
305.50 |
|
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 1.0035 November 20, 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 |
155.00 |
155.50 |
149.00 |
149.50 |
| 2RS |
Aspen |
154.00 |
154.50 |
148.00 |
148.50 |
| 2RS |
Optic |
152.00 |
152.50 |
146.00 |
146.50 |
| 2RS |
Nevada |
nq |
nq |
144.00 |
144.50 |
| 2RS |
Astoria |
nq |
nq |
144.00 |
144.50 |
| 2RS |
Cork |
nq |
nq |
144.00 |
144.50 |
| 6RW |
Esterel |
131.00 |
131.50 |
126.00 |
126.50 |
| 6RW |
Maeva |
nq |
nq |
nq |
nq |
| |
Esterel rendu Rouen |
141.00 |
141.50 |
|
|