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Newsletter Summary

Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Malt news
Barley news
Hops news
More news
Theoretical malt prices
Malting barley prices
Barley price evolution
Table of the week
Graph of the week
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Average market prices Change trend

13 May 2005
Crop 2004
2rs Barley €101.5     
6rw Barley €99.0       
2rs Malt €232.5     
6rw Malt €228.5     
Crop 2005
2rs Barley €114.0 -0.63%
6rw Barley €103.0 -1.90%
2rs Malt €243.0 -0.41%
6rw Malt €229.0 -1.08%

Note: Just click on the price link and you will be led to our Market Price History.
Average barley market prices are French and are estimated on FOB Creil basis.
Average malt market prices are estimated on FOB Antwerp basis.
The changes are compared to last Newsletter's prices.
Arrows indicate the direction of the change.

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Market price evolutions

The evolution of market prices for barley and malt, which are periodicaly issued with e-malt.com newsletters are published on e-malt.com site in Market Prices section. Just click here!
Available market price evolutions

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Canada Average Barley Prices 1983-2005

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Canadian Malting Barley Prices vs. Danish 2Row

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Australia Malting Barley Export Prices 2000-2005

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Malt Market Price Evolution. Crop 2005

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French Malting Barley Price Evolution. Crop 2005

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Malt Market Price Evolution. Crop 2004

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French Malting Barley Price Evolution. Crop 2004

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Malt Market Price Evolution. Crop 2003

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French Malting Barley Price Evolution. Crop 2003

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Canada Beer Sales, 1992-2004


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EU malt export licence fixations

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Japan Barley, 1996-2005


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Currency Rates
Base Currency: Euro, EUR
on 13-May-2005

1 EUR = 1.2709 USD
1 EUR = 0.6811 GBP
1 EUR = 1.5910 CAD
1 EUR = 1.6602 AUD
1 EUR = 135.67 JPY
1 EUR = 3.1375 BRL
1 EUR = 35.453 RUB
1 EUR = 10.5313 CNY
Base Currency: US Dollar
on 13-May-2005

1 USD = 0.7872 EUR
1 USD = 0.5360 GBP
1 USD = 1.2519 CAD
1 USD = 1.3063 AUD
1 USD = 106.79 JPY
1 USD = 2.4687 BRL
1 USD = 27.896 RUB
1 USD = 8.2865 CNY


Equities of the Largest Breweries

Top Industry News
    Singapore: Asia Pacific Breweries’ net profit grows 12% for H1 2005 ... Click here

    Canada: Molson Coors has completed a preliminary assessment of its Brazilian operations ... Click here

    Poland: Heineken Polish arm, Zywiec, posted 25% net profit drop in Q1 2005 ... Click here

    Thailand: Thai Beverage expects to see its listing plans move forward ... Click here

    UK: Debates brewing over Wolverhampton & Dudley Breweries’s takeover bid for Jennings ... Click here

    Russia: Beer production in Russia slightly decreased in Q1 2005 ... Click here

    EU: Analysts about malting industry expansion ... Click here

    Australia & Japan: Australia is growing malting barley variety Lofty Nijo for Japan supply ... Click here

    World: Global barley trade for 2005/2006 ... Click here

    Czech Republic: Czech hop growers produced 6310,7 tonnes of hops in 2004 ... Click here

More News
    USA: A Class Action Suit against Molson Coors Brewing Company ...more info

    Russia: Future business organisation of the BBH Russian breweries ...more info

    Japan: Barley Trade ...more info

    USA: Granite City Food & Brewery reported 1st Quarter 2005 results: revenues increase 28% ...more info

    Germany: Beer prices are to increase at Oktoberfest ...more info

    Ireland: Brian Cowen - the first finance minister in the world to have a beer named after him...more info

    Russia: Malt imports ...more info

    Malaysia: Carlsberg Malaysia will split shares ...more info

    UK & Colombia: SABMiller set to be quizzed over Grupo Bavaria takeover speculation ...more info

    UK & Singapore: Tiger Beer UK is established by APB ...more info

    Ukraine: Barley Market ...more info

    Belgium: InBev extended its offers to acquire remaining minority interests in SUN Interbrew ...more info

    Canada: Hamilton brewery is eyeing on the growing premium market ...more info

    United Kingdom: Greene King faces opposition over anti-competitive beer prices ...more info

    Mexico: FEMSA announced Global Equity Offering ...more info

    Romania: A few malthouses closed down ...more info

    Canada: Molson Coors is selling some of its non-beer assets ...more info

    Thailand: Boon Rawd Brewery Co. is looking overseas to boost its beer sales ...more info

    Tibet: Foreigners' Focus on Tibet Changes ...more info

    Canada: Molson Coors Brewing Co. declared a quarterly dividend ...more info

Brewery News
Singapore: Asia Pacific Breweries’ net profit grows 12% for H1 2005

Asia Pacific Breweries Limited (APB) announced on May 13 it continues to brew double-digit growth for the first half of the financial year...more info

Canada: Molson Coors has completed a preliminary assessment of its Brazilian operations

Molson Coors Brewing Co., the world's No. 5 beer maker, has completed a preliminary assessment of its troubled Brazilian operations. A decision on what to do could be coming soon, Company’s chief executive said on May 11 at the first annual shareholders meeting since the two brewers merged in February.

"In recent months, the team in Brazil has made significant progress rationalizing the cost base of the business, but clearly much more work is needed. We've had due diligence teams working in Brazil the past several weeks, and we'll be presenting our initial assessment to our board of directors tomorrow,” Leo Kiely told the meeting held at Molson's historic brewing plant in Montreal. "Making the right strategic choice in Brazil is critically important," Kiely said.

The CEO refused to speculate on what the company may do with the Brazil brewery, but said the company has to consider how much it would cost to turn it around. The distribution system also has to be examined and the company has to determine how much more it could cut costs, he said.

Molson acquired the Kaiser brand in Brazil in 2002 and the Bavaria brand in that country previously. Together they have 10 per cent of the large Brazilian beer market but sales and market share are on the decline due to distribution and marketing problems.

Poland: Heineken Polish arm, Zywiec, posted 25% net profit drop in Q1 2005

Heineken group's Zywiec, the second largest beer maker of Poland, announced on March 13 its consolidated net profit decreased by about 25%...more info

Thailand: Thai Beverage expects to see its listing plans move forward

Thai Beverage, the manufacture of Chang Beer, expects to see its listing plans move forward in the second half of the year, the sources from the Stock Exchange of Thailand have recently communicated. The listing, potentially the largest by a private company in Thai market history, has been delayed for months after strong protests by local religious and social activist groups.

"The next meeting by the SET board will bring a decision on the listing," a SET official said. The exchange board typically meets in the third week of each month, according to Bangkok.

Thai Beverage, controlled by billionaire Charoen Sirivadhanabhakdi, wants to list on the SET to help raise funds for future business expansion. But opponents argue that listing would be morally questionable and akin to using public funds to finance the company's business expansion, ultimately supporting greater alcohol consumption within the country.

Most of the SET directors however are believed to be in favour of the listing, given the company's huge size and the general trend worldwide to take a liberal view on the listing of companies on local stock markets. ...more info

UK: Debates brewing over Wolverhampton & Dudley Breweries’s takeover bid for Jennings

Jennings shareholders have until May 19 to decide whether to accept Wolverhampton & Dudley Breweries’s £45.8m takeover bid and decide the fate of the traditional brewer.

The Wolverhampton & Dudley Brewery has offered shareholders 430p a share, and promised that beer will continue to be brewed in the Lakeland town as it has for 180 years. Alistair Darby, managing director of W&DB Brands, said the Jennings brewery was not in danger. “The Jennings brands and brewery will be just as protected under our stewardship,” he said.

Wolverhampton & Dudley Breweries (W&DB) has defended its record on cask ale as the deal to buy Jennings draws closer, according to The Publican.

But Campaign for Real Ale (Camra) members in West Cumbria are sceptical and organised on May 13 a press conference at the Bitter End pub in Cockermouth to make their views crystal clear. Guest speaker Mr Cunningham urged the 2,000-plus shareholders, whose decisions will decide the future of Jennings, to think long and hard.

He said: “I’m not saying that W&D are lying when they say that they will not close the brewery at Cockermouth. But people and circumstances change – that is the nature of the market place. If this take-over takes place and in 10 years time there is an over-capacity in beer, I don’t imagine it will be Marston’s brewery that will face the axe, it will be that one in remote Cumbria. He said: “The name Jennings is synonymous with Cockermouth. It is important that the brewery remains open for tourism reasons just as much as for employment reasons.

Russia: Beer production in Russia slightly decreased in Q1 2005

In the first quarter of 2005 Russian brewers produced about 17.16 million hl of beer compared to 17.26 million hl produced in Q1 2004...more info

Malt News

EU: Analysts about malting industry expansion

In retrospect the malting industry expansion inside the EU was a great error: Austria 25,000 metric tonnes (mt), Belgium 60,000 mt...more info

Barley News

Australia & Japan: Australia is growing malting barley variety Lofty Nijo for Japan supply

ABB Grain Ltd announced on May 12 that growers are again being sought to participate in growing the malting barley variety Lofty Nijo...more info

World: Global barley trade for 2005/2006

Global barley trade is projected to increase slightly, with stronger demand from Turkey and Morocco caused by smaller crop prospects. Both Canada and the EU-25 are expected to increase exports by 500,000 tons each. Canada's exports will likely recover in 2005/06 after being constrained by poor quality this year. The EU-25 is expected to benefit from less competition from Russia and Ukraine, because of reduced production.

U.S. barley exports are forecast down 150,000 tons to 300,000 tons due to a smaller production forecast.

EU barley exports are forecast to rebound by 0.5 million tons to 3.3 million due to less competition from the Black Sea region.

Barley exports from Ukraine and Russia are projected to drop by a combined 400,000 tons on account of smaller crop prospects.

Canada is expected to boost barley exports (mostly for malting) by 0.5 million tons to 1.8 million as crop quality is expected to return to normal. Oat exports are forecast at a 5-year high due to larger production and less EU competition.

Turkey barley imports are forecast up 250,000 tons to 400,000 resulting from a drop in production.

Hops News

Czech Republic: Czech hop growers produced 6310,7 tonnes of hops in 2004

In 2004 Czech hop growers produced 6,310.7 metric tonnes of hops compared to 5,526.8 metric tonnes of hops in 2003 (+14.2%), according to the figures published by Hop Growers Union of the Czech Republic. The average yield for 2004 was 1,08 t/ha, which corresponds with the years 2001 and 2002 and is 16% higher than last year.

The production in the main growing region of Saaz reached 4435,5 t of hops, the highest yields were recorded in the Moravian Tirschitz region with 1,51 t/ha.

Saaz hops, the Czech variety, accounted for 87,4% of the Czech production with average yield of 1,02t/ha. The quality was very good and the alpha content also better than in two previous years. Very good yields and quality were also achieved with the new Czech varieties Premiant, Sladek and Agnus. The production of these varieties is slowly increasing year by year thanks to demand in the Czech breweries but also in many breweries abroad. Due to strong demand for high quality Czech hops there are no remaining quantities of hops at growers, Hop Growers Union of the Czech Republic said.

Czech Republic is the fourth largest hop producer after Germany, USA and China. In 2004 world hop production totalled about 92,300 metric tonnes, according to preliminary estimations. ...more info

Theoretical malt prices.

* - 70/30 = 70% Average Two Row Spring and 30% Six Row Winter
** - 50/50 = 50% Average Two Row Spring and 50% Six Row Winter

Theoretical malt prices for crop 2005 are available on site www.e-malt.com/MarketPrices

Malting barley prices. French barley prices.
Nominal prices.

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

Barley Price Evolution
French Malting Barley Price Evolution Crop 2005

Table of the week
EU Malt Export Licence Fixations:

(in tonnes)   2000-2001  2001-2002   2002-2003   2003-2004  July 01, 2004 - April  27, 2005  
 France   523,190  701,134  661,772  774,761  604,100 
 Germany   305,980  468,314  408,063  422,047  225,773 
 Belgium   277,584  296,368  287,850  317,292  348,210 
 U.K. 254,793  350,621  294,995  443,501  193,835 
 Finland   65,550  91,890  100,758  114,165  44,921 
 Denmark    52,326  96,812  94,791  90,452  46,734 
 Sweden   50,847  101,000  76,916  78,369  70,840 
 Netherlands   54,835  51,310  66,219  80,703  40,128 
 Ireland   26,003  35,145  31,140  38,900  56,924 
 Austria   4,850  8,840  8,620  60,211  8,096 
 Spain   3,000  2,400  5,640  10,000 
 Greece   1,800  1,744  1,306  979  130 
 Portugal   340  221  85  695  680 
 Total EU 15  1,621,098  2,205,799  2,038,157  2,432,075  1,640,371 
 New EU members  May-June, 04   
 Czech Republic         34,340  67,773 
 Poland         7,604  29,988 
 Hungary         2,830  61,448 
 Slovakia         1,000  56,696 
 Total EU 25   1,621,098  2,205,799  2,038,157  2,477,849  1,856,276 

  Total Wheat malt, tonnes  
Total 2000-2001    4,686 
Total 2001-2002    12,805 
Total 2002-2003    30,908 
Total 2003-2004    15,768 
July 01/2004 – April 27/2005    6,259 
  Total Roasted malt, tonnes  
Total 2000-2001    23,967 
Total 2001-2002    23,480 
Total 2002-2003    23,603 
Total 2003-2004    24,438 
July 01/2004 – April 27/2005    23,091 

Graph of the week


May 2005:
2nd KBC festival of Dutch special beers;
TwinTrack Brewing Microbiology Program. The Siebel Institute;
PIVO, GASTRO, BAKERY, International exhibition of beer and brewing. Bulgaria.;
HOFEX 2005. 11th Asian International Exhibition of Food & Drink. Hong Kong;
30th Congress of the European Brewery Convention;
World Agricultural Forum 2005 World Congress;
Whole Grain Conference / Barley Workshop - Minneapolis;
Export Credit Guarantee Programs Seminar. USDA;
Pivo-2005. Beer International Brewing Technology Exhibition. Sochi, Russia.;
California Festival of Beers;

June 2005:
World Barley, Malt & Beer Conference 2005, Germany;
ASBC Annual Convention. American Society of Brewing Chemists Meeting.;
BRASIL BRAU International Fair of Beverage Technology;
FOOD TAIPEI 2005. The largest food and beverage show in Taiwan;
BevTek / BrewTek International Exhibition of Beverage and Brewery Processing and Packaging Technology. Bangkok, Thailand ;

July 2005:
Interwine China. International Wine, Brewery and Beverage Processing Technology and Equipment Trade Fair;
2005 North American Barley Researchers Workshop;
U.S. Grains Council Summer Board Meeting;
District Eastern Canada MBAA annual convention;
Open Door to "Mortal's Beers";

More events are available on site e-malt.com

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