E-Malt.com weekly newsletter
April 29 - May 5, 2002

1. Industry news.   2. Malt markets and prices .   3. Malting barley prices.  

1. Industry news

Latvia's leading brewery "Aldaris" has signed a significant contract with the Russian "Baltica ". According to this agreement the Latvian brewer gets the exclusive right to produce in Riga Baltika No.8 Wheat" and "Baltika No.1 Light" beers and sell these brands on the Latvian, Lithuanian and Estonian beer markets . Besides this , "Aldaris" will have the right to sell in the future other brands produced by "Baltica". The signing of such a contract with "Aldaris" represents a debut for Baltica,as up to now it never sold licenses to produce and sell Baltica brands abroad.

Anheuser-Busch, the largest brewery in the world has presented excellent financial results for the first quarter of 2002 year. This presentation was made at the annual meeting of shareholders in St. Charles, Missouri by the company's Chairman of the Board and President August A. Busch III. One of the most significant piece of news that was communicated by the corporation's President to the shareholders was the announce about a 15% increase of earnings per share realized by the company . Moreover Anheuser-Busch reported impressive growths of its profit margins that also could not disappoint its stockholders . Thus, for the first quarter of 2002 the American giant succeeded to boost its gross profit margin by 220% and has obtained an increase of 90% for its operating profit margin. The American Brewer managed as well to increase significantly its domestic and external sales . Domestic sales ( to-retailers ) for the first quarter of 2002 were boosted by ........[www.e-malt.com]

Femsa , one of the largest breweries in Mexico, has published its financial results for the first quarter of 2002. Thus, the Mexican brewer has been able to please its shareholders by posting sales of Ps. 11.358 milliard for the first quarter of 2002 which is a growth of 6% over the first quarter of 2001. Femsa's operating income increased at its tour by 7,9% , reaching the value of Ps. 1.537 milliard. As a result of this increase the operating margin for the first quarter of 2002 was of 13.5%, and the net income raised by 28.7% amounting to .........[www.e-malt.com]

Russian brewery Bravo which holds a market share of 17% in the area of St. Petersburg and possessing a capacity of 5 mln hectoliters, has been recently acquired by the Dutch brewer Heineken . This is a profitable affair for Heineken , which has bought 100% of Bravo's stock , as it gives Heineken the privilege to benefit from popular and well appreciated beer brands and because it offers the Dutch brewer the significant possibility .........[www.e-malt.com]

Suntory, an important brewery from Japan has found a new way to cut down the price for its low-malt beer. For selling this drink at lower prices, the Japanese brewer has decided to . .........[www.e-malt.com]

2. Malt markets and prices

Domestic EU business was active in April. Prices came under pressure from weak barley markets and purchase strategies of large breweries groups.
Prices paid for deliveries in 2003 were both above and slightly below EUR 290,-. It is assumed that German industries are covered for 75-85 % of their 2003 demand, estimates for the independent breweries in Benelux and France are lower.

German  2rS any variety  2002  delivered  brewery  EUR  289.00  2003  done 
French  2rS any variety  2002  delivered  brewery  EUR  293.00  2003  done 
German  2rS any variety  2001  FOB  Antwerp  EUR  293.00  2002  offered 
U.K.  2rS any variety  2001  FOB  Antwerp  EUR  294.00  2002  offered 
Finnish  2rS any variety  2001  FOB  Baltic  EUR  295.00  2002  offered 
Australian  2rS  2001/02  FOB  Australia  USD  255.00  2002  quoted 

3. Malting barley prices, French barley prices

EURO = USD 0.9063 May 02, 2002 
 Crop year   2001   2002 
 Parity   FOB Creil   FOB Creil 
 Position   July 2001   July 2002 
Type   Variety  EURO  USD  EURO  USD 
2RS  Prisma  123.00  111.50  135.00  122.50 
2RS  Scarlett  122.00  110.50  134.00  121.50 
2RS  Aspen  122.00  110.50  134.00  121.50 
2RS  Optic  nq  nq  nq  nq 
2RS  Nevada  119.00  108.00  nq  nq 
2RS  Astoria  118.00  107.00  131.00  119.00 
2RS  Cork   119.00  108.00  nq  nq 
6RW  Esterel   113.00  102.50  113.00  102.50 
6RW  Maeva  nq  nq  nq   
nq - Not quoted
Prices for Danish and UK malting barley are available on the site www.e-malt.com

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