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
Scientific Digest
Theoretical malt prices
Malting barley prices
Barley price evolution
Table of the week
Graph of the week
On These Days
Agenda
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E-malt.com Newsletter 26a
June 26 - June 28, 2006
Quote of the week
"The mouth of a perfectly happy man is filled with beer."
Egyptian Proverb
 Currency Rates 
Base Currency: Euro, EUR
on 28-June-2006
1 EUR = 1.2593 USD
1 EUR = 0.6907 GBP
1 EUR = 1.4129 CAD
1 EUR = 1.7175 AUD
1 EUR = 146.342 JPY
1 EUR = 2.818 BRL
1 EUR = 34.0563 RUB
1 EUR = 10.0853 CNY
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Base Currency: US Dollar
on 28- June-2006
1 USD = 0.7942 EUR
1 USD = 0.5485 GBP
1 USD = 1.1219 CAD
1 USD = 1.3637 AUD
1 USD = 116.221 JPY
1 USD = 2.2377 BRL
1 USD = 27.0438 RUB
1 USD = 8.0087 CNY
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EUR/USD Chart
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Equities of the Largest Breweries
Top Industry News
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USA & EU: European Union upholds Anheuser-Busch's right to "Bud"...
Click here
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China: Tsingtao to lift market share in Beijing to 40% by 2008...
Click here
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Germany: Breweries revenues rise 10% in June during World Cup...
Click here
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Czech Republic: Prazdroj to invest CZK 4 billion by 2011...
Click here
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Japan: Kirin plans to cash in 30% of beer sales income from shipments to overseas by 2015...
Click here
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Latvia: Aldaris posts a 12% increase of beer sales May 2006...
Click here
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Netherlands: Dutch Prime Minister opens Holland Malt’s new maltings in Eemshaven...
Click here
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UK: Crisp Malting Group seeks new partnership...
Click here
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Canada: There is a notable decline in capacity expected for the malting barley sector...
Click here
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New Zealand: A new generation of hops is being developed...
Click here
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 More News
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Vietnam: Saigon Brewery will sell 15% of state owned shares
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More Info
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Germany: Holsten Group’s foreign sales rose by 2.1% to 1.8 million hl beer in 2005
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More Info
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UK: Malting barley availability 2006
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More Info
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Russia: Exports of beer exceeded imports by US$10 million in 2005
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More Info
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France: The domestic beer market lost 25% in the last 25 years
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More Info
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UK & South Africa: SABMiller announces US$1.75 billion bond issue and debt refinancing
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More Info
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Czech Republic & Germany: Major Czech breweries attempt to capitalize on the traditionally high exports of beer to Germany
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More Info
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Bulgaria: Barley crop down 27% in 2006
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More Info
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USA: Beer shipments increased by 4.3% in May 2006
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More Info
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Germany: Bitburger’ unit sales rose 12% in May 2006
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More Info
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USA: Beer generates record tax revenue of more than $14.7 million for Tennessee cities in 2005
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More Info
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Belgium: InBev signs outsourcing agreement with LogicaCMG
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More Info
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Australia: Barley pool estimates unchanged
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More Info
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China: Estimates of barley imports stay at 2.4 million t for 2006
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More Info
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Canada: Lower area and yields drop barley production by 12% for the 2006/07 crop year
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More Info
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UK: Sale of historic Kimberley brewery Hardys and Hansons has prompted fears of job losses
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More Info
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Australia: Neil Andrew to chair barley marketing working group
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More Info
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Belgium: InBev upgraded to "add" by analysts at Dresdner Kleinwort Wasser
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More Info
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Czech Republic: Private brewery Pivovar Svijany raises sales by more than fifth
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More Info
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Japan & Australia: Japanese barley could help Australian crops become more frost tolerant
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More Info
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Canada: Excise tax break puts domestic craft brewers on a sounder financial footing
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More Info
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Canada: Big Rock Brewery Income Trust announces proposed reorganization
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More Info
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Australia: Drivers who deliver Tooheys beer will take their protest to the company's central Sydney office
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More Info
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South Korea: Oriental Brewery Co. launches renewed beer product
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More Info
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UK & South Africa: SABMiller sponsors UK Chair of Brewing Science at The University of Nottingham
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More Info
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Nepal: Union rivalry shuts Carlsberg venture Gorkha Brewery
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More Info
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USA: Anheuser-Busch to sponsor Super Bowl through 2012
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More Info
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UK & South Africa: SABMiller’s "overweight" rating maintained by JP Morgan Securities
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More Info
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UK & Mozambique: SABMiller’s Africa Bia launches Laurentina beer in UK
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More Info
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 Brewery News
China: Tsingtao to lift market share in Beijing to 40% by 2008
Tsingtao Brewery Co, China's biggest beermaker, is stepping up its push into Beijing,
aiming to double its market share in the home of Beijing Yanjing Brewery Co by the
time the city hosts the 2008 Olympic Games, Shanghai Daily posted June 28.
Tsingtao
plans to boost market share in China's capital to 40 percent by 2008 by selling its
Dayou brand beer for 1.5 yuan (19 US cents) a bottle and employing an army of 1,500
salespeople to visit bars and neighborhoods and offer drinkers one free bottle for
every five bought, company spokeswoman Yuan Lu said June 27.
"Beijing is
an important city with consumption of 1 million tons of beer a year," Yuan said in
a phone interview from the company's base in Qingdao, eastern China. "Most people
know Tsingtao but few drink the brand. We want to change it by selling low-cost beer."
Tsingtao, which is 27 percent owned by US-based Anheuser-Busch, the maker
of Budweiser, is counting on Beijing to boost its volume sales in the north China
region, the slowest-growing area for the company. Yanjing has about 80 percent of
the market in the country's third-biggest city.
Tsingtao and Yanjing are
sponsoring the 2008 Beijing
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More Info
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Germany: Breweries revenues rise 10% in June during World Cup
Revenues during the World Cup have been stronger than originally expected, said
Bavaria's Brewer President Michael Weiss in Munich. Due to the international
soccer event, Bavarian brewers are now expecting an additional increase of 10 percent
for the month of June. Till now they had counted on only a 5 percent revenue increase,
Deutsche Welle posted June 24.
Udo Franke, spokesman for Carlsberg Germany
said, "It's because of good weather and German victories that we're selling more
beer." Good weather during the World Cup has made soccer fans especially thirsty.
It's no surprise that beer is the preferred thirst quencher of soccer fans.
"We definitely expect our sales to double during the World Cup," predicted Georg
Schaefer, manager of a private brewery. Slightly less optimistic, individual retailers
in Cologne expect sales increases of 20 percent,.
With 19,000 hectoliters
(501,927 gallons), the Veltins Brewery set an output record June 23 and June 19.
In May, the Krombacher Brewery had the best month in the history of the company with
600,000 hectoliters (15.85 million gallons). Bitburger also reached June 23 a record
with 29,000 hectoliters (766,000 gallons).
On the first World Cup weekend
alone, pub owners in Dortmund had to re-order 850 kegs of
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More Info
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Czech Republic: Prazdroj to invest CZK 4 billion by 2011
Plzensky Prazdroj, the largest Czech brewery, will invest CZK 4 billion (US$176.150
million) in 2006-2011, mainly in its plant in Plzen, capital investment manager
Adam Gunn told CTK June 23.
Prazdroj will spend 60-70 percent of the sum
in Plzen, where it brews its top-selling brands, Gambrinus and Radegast. The rest
will be used to buy tanks for fermentation and ageing for the Radegast and Velke
Popovice breweries.
Prazdroj will draw solely on its own funds to finance
the investment, said Gunn.
Prazdroj launched the operation of ten new fermentation
tanks in Plzen June 23 and expanded the Plzen brewing house by a second line to produce
wort.
In October, the Prazdroj is looking to launch a new bottling plant
worth CZK 1 billion, the biggest investment in the Plzen brewery since 1989.
Prazdroj, a unit of the SABMiller group, raised sales by 4 percent year-on-year
to almost CZK 13.6 billion in the financial year from April 2005 to end of March
2006.
Net profit grew to almost CZK 3.4 billion from less than CZK 3 billion.
Prazdroj will spend CZK 2 billion on dividends this year, flat from 2005.
Plzensky
Prazdroj sold 10.2 million hectolitres of beer in the last financial year, up 2.5
percent year-on-year.
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More Info
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Latvia: Aldaris posts a 12% increase of beer sales May 2006
The Latvian brewery Aldaris, a joint venture between Carlsberg, Scottish & Newcastle’s
and Baltic Beverages Holding, has sold over 63,400 hl of beer in last May, 12%
more year-on-year. This increase was mainly motivated by the Hockey World Championship
which was held in Riga. Glass bottled “Aldaris Gaisais” was sold alone
10,000 hl – 73% more year-on-year, The Union of Russian Brewers informed June
26.
Referring to the non-alcohol beer, this segment saw a triple-increase:
from 27,000 litres in May 2005 up to 75,000 litres of beer last May. Bottled water
sales rose roughly to 13,320 hl, which is 1.5 times more than the records of May
2005.
Accordingly, beer sales exceeded twice the annual average beer sales
recorded by the brewer up to 20,000 hl of beer.
The legendary history
of the traditional Latvian beer brewery Aldaris started centuries ago, in 1865. Nowadays
Aldaris is the biggest brewery in Latvia and one of the biggest in the Baltic.
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Malt News
Netherlands: Dutch Prime Minister opens Holland Malt’s new maltings in Eemshaven
Yesterday, June 27, Dutch Prime Minister Jan Peter Balkenende officially opened
Holland Malt’s new maltings in Eemshaven, Groningen, the Netherlands.
Holland
Malt, a joint venture involving beer brewer Bavaria and Agrifirm, an agricultural
cooperative with more than 600 grain farmers, produces malt from high-quality malting
barley, the most important raw material in beer. With its new complex in Eemshaven,
Holland Malt now has the most modern malting plant in the world and one that uses
the most innovative technology. The malt house also has its own grain silo complex
to store its malting barley.
The cooperation within this joint venture ensures
integration throughout the entire chain from farmer to the finished product: beer.
This is a matter of concern because the increasing demand for food safety is making
the quality aspect of malt increasingly important. At this plant, a cutting-edge
tracking & tracing system provides a maximum guarantee of quality, completely in
line with trends in the European foods industry. Technology is thus contributing
to the production of safe, healthy products.
The malting plant in Eemshaven
is of great economic importance for both the region and the Dutch export market as
a whole. For grain growers in the northern provinces, the
...
More Info
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UK: Crisp Malting Group seeks new partnership
A new three-year contract for Norfolk malting barley has been launched by one
of the country's leading independent maltsters, Rural Affairs posted June 25.
Bob King, commercial director of Crisp Malting Group, outlined a proposal to
run from the 2007 harvest to Norfolk farmers at its base at Great Ryburgh, near Fakenham.
He told the 60 specialist malting growers that Crisp would work on an “open
book” approach with two local agricultural merchants and farmers' representatives.
The Crisp group, which was taken over by a consortium of investors including
David Thomp-son, chairman of Wolverhampton & Dudley Breweries, is keen to forge a
new partnership for the medium and long term with growers and merchants.
Mr
King said: “There is increased competition for Norfolk barley. We've got barley
going to Scotland, to the near continent and into Suffolk.”
On the
rising costs of moving barley, he said: “We have a situa-tion where we move
25,000 to 30,000 tonnes of barley into Norfolk to replace malting barley going out
of Norfolk.”
Crisp had annual demand for 150,000 tonnes of malting
barley for its Norfolk maltings, said Mr King. So, Cyril Adams, of Adams & Howling,
Tom Rivett, of H Banham, of Hempton, near Fakenham, and farmer Ed
...
More Info
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 Barley News
Canada: There is a notable decline in capacity expected for the malting barley sector
Canada’s malting capacity is expected to decrease by about 10%, to 2,990 tonnes
per day, Agriculture and Agri-Food Canada published on June 22 in its Bi-weekly Bulletin.
The decrease in malting capacity is attributed to a steadily declining domestic market
for beer and reduced prospects for exports of barley malt.
Reduced beer
consumption in Canada is reflective of an aging population and changes in consumption
patterns. In addition to the lower per capita consumption of beer normally associated
with an aging population, Canadians are consuming more imported beers, which reduces
domestic demand for barley malt. As well, there has been significant growth in the
discounted beer market which typically uses less barley malt in the production process.
For the last 20 years, Canada’s share of the export market for barley malt
has trended upward. More recently, that trend seems to have temporarily reversed.
For example, exports of barley malt to Japan have been negatively affected by increased
consumption of low-malt and no-malt beer beverages.
Canada’s malting industry
processes about 1.0 Mt of malting barley annually, of which about 270,000 t is for
the domestic beer industry.
More than three-quarters of Canada’s malting
capacity is located in western Canada. Canada Malting, with its
...
More Info
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Hops News
New Zealand: A new generation of hops is being developed
A new generation of hops for beer is being developed by researchers in New
Zealand, as the brewing industry looks to science to help it catch up with changing
consumer tastes, Beverage Daily released June 20.
Scientists at New Zealand's
HortResearch said they have mixed together hop varieties from New Zealand and Europe
to create new strains that will produce tastier, richer beer.
So-called premium
beers with stronger aromas have increasingly held up otherwise stagnant beer markets
across Western Europe and the US over the last couple of years.
“Light,
fizzy beers are losing popularity and we are seeing an increased demand for a broader
number of styles such as dark beers, pale ales, and pilsners,” said Ron Beatson,
hop breeder at HortResearch.
Market research backs him up. So-called craft
beers in the US outperformed the country's shrinking beer market there over the last
year, while premium brands in Europe, such as Leffe and Grimbergen, have continue
to defy market growth problems in some countries there.
Beatson said the
work to cross European and New Zealand hop varieties to target changing consumer
tastes had gone well so far.
“The result is a hybrid plant well-adapted
to New Zealand growing conditions that
...
More Info
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Scientific Digest
Assessing the Impact of the Level of Diastatic Power Enzymes and Their Thermostability on the Hydrolysis of Starch During Wort Production to Predict Malt Fermentability
D. Evan Evans, Tasmanian Institute of Agricultural Research (TIAR), University of Tasmania, Private Bag 54, Hobart, Tas 7001, Australia; Helen Collins and Jason Eglinton, School of Agriculture and Wine, Waite Campus, University of Adelaide, Glen Osmond, SA 5064, Australia; and Annika Wilhelmson, VTT Biotechnology, PO Box 1500, Espoo, FIN-02044, Finland
Abstract:
J. Am. Soc. Brew. Chem. 63(4):185-198, 2005 In this study, commercially produced malts were used for small-scale simulated mashing trials to investigate the impact of differences in the level and thermostability of malt diastatic power (DP) enzymes on the resultant wort fermentability. A modified European Brewery Convention/ American Society Brewing Chemists mashing protocol was used with mash-in temperatures ranging between 45 and 76°C for full-malt and 30% rice adjunct mashes. Malt extract yield varied little with mashing temperature for most varieties in this temperature range. However, the fermentability, maltose content, and free amino nitrogen of that extract was considerably affected by mashing temperature with 65°C achieving the highest fermentability for all malt varieties. Multilinear regression analysis of full-malt and rice adjunct mashing trials at 65°C using 43 commercial malts showed that the level of a-amylase and total limit dextrinase activity, Kolbach Index, and the total ß-amylase activity level and thermostability were the most important malt quality predictors of wort fermentability. These conclusions suggest that the conventional DP assessment could be replaced with the measurement of its component enzymes outlined above so that maltsters could better satisfy brewers malt quality expectations by blending and defining their malt quality in terms of these fermentability predicting factors. This information would be particularly useful to brewers who brew with multiple varieties and blends from different suppliers. The focus on individual enzyme charac-teristics by barley breeders is likely to provide selection targets that are more accurate and achievable. Keywords: a-Amylase, ß-Amylase, Limit dextrinase
...
Load full article, 14 pages, 507 Kb, PDF file
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Malting barley prices. French barley prices.
Nominal prices.
| EURO = USD 1.2593 June 28, 2006 |
| Crop year |
2005 |
2006 |
| Parity |
FOB Creil |
FOB Creil |
| Position |
July 2005 |
July 2006 |
| Type |
Variety |
EURO |
USD |
EURO |
USD |
| 2RS |
Scarlett |
122.00 |
154.00 |
119.50 |
150.50 |
| 2RS |
Prestige |
118.00 |
148.50 |
118.50 |
149.50 |
| 2RS |
Cellar |
116.50 |
147.00 |
116.50 |
147.00 |
| 2RS |
Sebastien |
116.00 |
146.50 |
116.00 |
146.50 |
| 2RS |
Astoria |
115.00 |
145.00 |
116.00 |
146.50 |
| 2RS |
Cork |
114.00 |
143.50 |
115.50 |
145.50 |
| 6RW |
Esterel |
105.00 |
132.50 |
106.00 |
133.50 |
Theoretical malt prices.
| EURO = USD 1.2593 June 28, 2006 |
| Crop year |
2005 |
| Parity |
FOB Antwerp |
| Position |
June 2006-Sept 2006 |
| Conditioning |
Bulk |
In bags |
Bulk containers |
Bags, containers |
| Malting barley variety |
EURO |
USD |
EURO |
USD |
EURO |
USD |
EURO |
USD |
| 2RS |
Scarlett |
259.50 |
326.50 |
273.50 |
344.50 |
273.50 |
344.50 |
288.00 |
362.50 |
| 2RS |
Prestige |
254.50 |
320.50 |
268.50 |
338.50 |
268.50 |
338.50 |
283.00 |
356.50 |
| 2RS |
Cellar |
252.50 |
318.00 |
267.00 |
336.00 |
267.00 |
336.00 |
281.50 |
354.50 |
| 2RS |
Sebastien |
252.00 |
317.00 |
266.50 |
335.00 |
266.50 |
335.50 |
280.50 |
353.50 |
| 2RS |
Astoria |
250.50 |
315.50 |
265.00 |
333.50 |
265.00 |
333.50 |
279.50 |
352.00 |
| 2RS |
Cork |
249.50 |
314.00 |
263.50 |
332.00 |
264.00 |
332.00 |
278.50 |
350.50 |
| 2RS |
Average price |
253.00 |
318.50 |
267.50 |
336.50 |
267.50 |
336.50 |
282.00 |
355.00 |
| 6RW |
Esterel |
236.50 |
299.00 |
251.50 |
317.00 |
251.50 |
317.00 |
266.00 |
335.00 |
| * |
Asia Malt 70/30 |
248.50 |
312.50 |
262.50 |
330.50 |
262.50 |
331.00 |
277.00 |
349.00 |
| ** |
Asia Malt 50/50 |
245.50 |
308.50 |
259.50 |
326.50 |
259.50 |
327.00 |
274.00 |
345.00 |
NB: Prices published are theoretical malt prices including financial cost, THC (for bulk and bags container) and all administrative costs. This prices may fluctuate according to the quantity per delivery and technical specifications.
* - 70/30 = 70% Average two Rows Spring and 30% Six Rows Winter
** - 50/50 = 50% Average two Rows Spring and 50% Six Rows Winter
Theoretical malt prices for crop 2006 are available on site
www.e-malt.com/MarketPrices
French Malting Barley Prices Evolution
Source: E-Malt.com
Table of the week
Australian Barley Supply and Disposal 2001-2007f
| in thousand tonnes |
2001-2002 |
2002-2003 |
2003-2004 |
2004-2005 |
2005-2006 s |
2006-2007 f |
| Production |
8 280 |
3 865 |
10 382 |
7 708 |
9 869 |
8 485 |
| Domestic use |
2 535 |
2 016 |
2 476 |
2 685 |
2 821 |
2 977 |
| as malt and other human use |
161 |
165 |
168 |
172 |
176 |
180 |
| feed |
2 200 |
1 650 |
2 100 |
2 300 |
2 450 |
2 600 |
| seed |
174 |
201 |
208 |
213 |
195 |
197 |
| Exports |
5 274 |
2 608 |
6 996 |
4 862 |
5 821 |
6 151 |
| as malting barley |
1 705 |
1 099 |
2 135 |
1 464 |
1 925 |
1 998 |
| malt (grain equivalent) |
600 |
624 |
624 |
601 |
619 |
628 |
| feed barley |
2 971 |
885 |
4 241 |
2 798 |
3 273 |
3 525 |
s - ABARE estimated, f-ABARE forecast, source - ABARE June, 2006
Graph of the week
These Days in Business History
26 June
1819 The bicycle was patented by W. K. Clarkson.
1848 1st pure food law enacted in US
1906 The first Grand Prix motor race was held in Le Mans, France.
1919 1st issue of NY Daily News published
1976 The CN tower in Toronto opened, the world's tallest free-standing structure.
27 June
1871 The yen becomes the new form of currency in Japan.
1929 Scientists at Bell Laboratories in New York reveal a system for transmitting television pictures.
1954 The world's first atomic power station opened at Obninsk, near Moscow.
1967 The world's first ATM(automatic teller machine) was developed by De La Rue and installed in Enfield Town in North London by Barclays Bank.
28 June
1820 Tomato is proven nonpoisonous
1894 Labor Day established as a federal employees holiday
1939 Pan Am opens southern route transatlantic air service (Dixie Clipper)
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Agenda
June 2006:
Fête de la Bière , Switzerland. Presented By: Association des Buveurs d'Orges
Brewers of Europe - General Assembly 2006 Stavanger, Norway
23rd Annual International Beer Tasting USA
Character Beer Weekend Hop 2006, Belgium
Food industry - 2006, Belarus. The 2nd international exhibition
Agro+Food+Drink+Tech Expo Georgia - 2006. The 7th International exhibition.
American Beer Fest Boston
ProPak Asia International Food and Drink Processing and Packaging Technology Exhibition
BevTech / BrewTech International Exhibition of Beverage and Brewary Processing and Packaging
IGC GRAINS CONFERENCE 2006
For conference sponsorship opportunities
National Homebrewers Conference
Beer festival - 2006 St.Petersburg
Seattle International Beerfest , USA
July 2006:
American Beer Month July, 2006 What is American Beer Month
Qingdao International Beer Festival, China.Barley and hops and more
Olesummer Festival 2006, Estonia. The Nordic countries' largest festival
The Beer World - 2006,Saransk, Russia.The specialized exhibition
Portland International Beerfest , USA. Taste the greatest beers
Witton Castle country and western festival
Brew at the Zoo Beer Tasting and Free Food.
August 2006:
GBBF Great British Beer Festival
IHGC Hop tour
10th International Berlin Beer Festival 2006
Toronto’s Festival of Beer is Canada’s premier beer festival
Agrokomplex 2006 , Slovakia. International Fair of Agriculture and Food Industry
Bank Holiday Weekend and International Beer Festival , UK.
Northern Crops Institute Course 2006 Barley Malt Quality Evaluation
More events are available on site e-malt.com
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