E-Malt.com newsletter
January 20 - January 22, 2003
Summary1. Industry news
2. Theoretical malt prices
3. Malting barley prices
1. Industry news
On January 21, 2003 a new brewery “Baltika-Samara” is opened in Kineliski district of Samara region, Russia. Baltika Brewery has built the most modern brewery in Europe “Baltika-Samara” within 14 months from null cycle, the company stated. Baltika Brewery has invested about US$ 55 million. The new brewery has begun its work by producing a new beer brand "Samara".
In an announcement to the Copenhagen Stock Exchange on December 20, 2000, share options were introduced in Carlsberg for the Executive Board and a number of managers. The program was established for a two-year period covering 2001 and 2002, Carlsberg Breweries A/S stated in a report. The program for 2003 will follow the same principles as the prior program: - To be granted to the Executive Board and other managers in Carlsberg A/S and Carlsberg Breweries A/S; in total, approx. 40 individuals in 2003; - The exercise price is calculated as the average listed share price during the 5 listing days following immediately after the publication of the preliminary profit statement for the previous year; - The share options become exercisable 3 years after the grant date and must be exercised no later than 8 years after the grant date, the company reported......more info
Fischer Beverage International (FBI) announced on January 17 that it has reached an agreement with the German brewery Paulaner in Munich to distribute their major brands, Paulaner and Hacker-Pschorr, in the United States, effective February 1, 2003. The authentic Bavarian Paulaner brand also includes: the number one selling Oktoberfest beer in the world, Original Munich Premium Lager, Salvator double bock and others. Hacker-Pschorr beers include: Munich Dark, Munich Lager, Original Oktoberfest, Weisse, Weisse Dark, and Weisse Kristall. "We are thrilled to incorporate these two popular German brews into our portfolio of international beer brands," said Scott Demartine, general manager for Fischer Beverages International..... more info
The crisis for the ready-to-drink (RTD) beverages, or 'malternatives', is beginning to become apparent, as Miller Brewing Co. has decided to cut back production on its RTD drinks Stolichnaya Citrona and Sauza Diablo, the Albany Herald and Milwaukee Journal Sentinel write. The extent of the crisis is shown by the fact that most of the USD 10-12m the cutback will cost will be expenses for buying back-unsold cases from wholesale distributors. A spokesman for the company said the brands only constituted one per cent of its total production, adding that the brands were launched without the standard test marketing, simply to see what happened. As many brewers, Miller jumped the RTD bandwagon in co-operation with a distiller, in this case Allied Domecq, which will now also share the cutback costs. No details were given on how the losses would be shared.
The advertising budget of the leading brewing company in Russia and Ukraine, SUN Interbrew Ltd, will exceed US$ 20 million in 2003 year. More than US$ 10 million will be spend for TV publicity. This is the forecast of company’s analysts and a statement made by the general manager of Sun Interbrew Ltd in Russia, Joseph Strella.
More news are available on site www.e-malt.com
Last year's extended drought has led to a shortage of barley seeds across the Canadian prairie, the CBC Saskatchewan broadcasting company reports...
EURO = USD 1.0683 January 21, 2003 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 Prestige 301.50 322.00 316.50 338.50 313.50 335.00 322.50 345.00 2RS Scarlett 303.00 323.50 318.50 340.50 315.50 337.00 324.50 346.50 2RS Aspen 300.00 320.50 315.50 337.00 312.50 333.50 321.50 343.50 2RS Optic 300.00 320.50 315.50 337.00 312.50 333.50 321.50 343.50 2RS Nevada nq nq nq nq nq nq nq nq 2RS Astoria 297.50 318.00 313.00 334.50 310.00 331.00 319.00 341.00 2RS Cork 296.50 316.50 311.50 333.00 308.50 329.50 318.00 339.50 2RS Average price 300.00 320.50 315.50 337.00 312.50 334.00 321.50 343.50 2RS FAQ 295.00 315.50 310.50 331.50 307.50 328.50 316.50 338.50 6RW Esterel 275.00 294.00 290.50 310.50 287.50 307.00 296.50 317.00
Theoretical malt prices for crop 2003 are available on site www.e-malt.com3. Malting barley prices. French barley prices. Nominal prices.
EURO = USD 1.0683 January 21, 2003 Crop year 2002 2003 Parity FOB Creil FOB Creil Position July 2002 July 2003 Type Variety EURO USD EURO USD 2RS Scarlett 147.50 157.50 148.00 158.50 2RS Prestige 146.00 156.00 146.50 156.50 2RS Aspen 145.00 155.00 145.00 155.00 2RS Optic 145.00 155.00 145.00 155.00 2RS Nevada nq nq nq nq 2RS Astoria 143.00 153.00 143.00 153.00 2RS Cork 142.00 152.00 143.00 153.00 6RW Esterel 128.00 137.00 124.00 132.50
nq - Not quoted
Prices for Danish and UK malting barley are available on site www.e-malt.com
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