Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Barley news
Hops news
More news
Scientific Digest
Theoretical malt prices
Malting barley prices
Malt price evolution
Table of the week
Graph of the week
On These Days
Agenda
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E-malt.com Newsletter 30a July 24 - July 26, 2006
Quote of the week
"Beer makes you feel the way you ought to feel without beer.”
Henry Lawson
Currency Rates
Base Currency: Euro, EUR
on 26-July-2006
1 EUR = 1.2624 USD
1 EUR = 0.6833 GBP
1 EUR = 1.4405 CAD
1 EUR = 1.6734 AUD
1 EUR = 147.514 JPY
1 EUR = 2.7777 BRL
1 EUR = 34.0104 RUB
1 EUR = 10.0964 CNY
|
Base Currency: US Dollar
on 26-July-2006
1 USD = 0.7922 EUR
1 USD = 0.5413 GBP
1 USD = 1.1411 CAD
1 USD = 1.3258 AUD
1 USD = 116.85 JPY
1 USD = 2.2003 BRL
1 USD = 26.9409 RUB
1 USD = 7.9977 CNY
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EUR/USD Chart
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Equities of the Largest Breweries
Top Industry News
 |
China: SABMiller associate announces acquisitions in Zhejiang and Anhui provinces...
Click here
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Japan & China: Asahi Breweries to invest ¥800 million aiming to increase Beijing plant capacity...
Click here
|
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Turkey: Anadolu Efes organic beer sales up by 9.0% to 8.4 million hl in 1H2006...
Click here
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Hungary: Brau Union Hungaria Breweries Plc. dominates 30% of the domestic beer market...
Click here
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Vietnam: HABECO started construction of new brewery in Vinh Phuc Province...
Click here
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USA: Beer imports of USA were 2/3 of Mexican origin in 2005...
Click here
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UK: Heatwave to heavily reflect on winter barley crop...
Click here
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Ukraine: Barley crop estimate lifted to 11.8 million t...
Click here
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Germany: Hop prices rise in the medium term...
Click here
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More News
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Mexico: Grupo Femsa to record 19% increase of net profit in 2Q2006
...
More Info
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Germany: Warsteiner called favourite brand by Germans according to a TNS Emnid survey
...
More Info
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UK: Winter barley harvest almost completed in southern England
...
More Info
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USA: USDA issues counter-cyclical barley payment
...
More Info
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Moldova: Beer production increased by 10%, wine production dropped 42%
...
More Info
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Canada: Winnipeg Commodity Exchange to launch revised western barley contract
...
More Info
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Russia: Effes’ Kazan brewery released renewed Krasny Vostok brand
...
More Info
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Estonia: Selling of alcoholic drinks to be forbidden during night time
...
More Info
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Slovak Republic & Czech Republic: Czech group PMS to acquire minority stake in Slovak brewer Steiger
...
More Info
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USA: Government seeks $2.1 million tax tab from Pyramid Breweries
...
More Info
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Ukraine: First lot of new harvest barley to be shipped for export
...
More Info
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Latvia: Aldaris sales up by 10.3% in 1H2006
...
More Info
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India: United Breweries 1Q2006 net profit at Rs 27.53 crore
...
More Info
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Australia: Brewers to seriously increase beer prices
...
More Info
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South Korea & Japan: Hite Brewery plans sale of Jinro unit
...
More Info
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India: Asia Pacific Breweries finalized the acquisition of 76% stake in Aurangabad Breweries
...
More Info
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Hungary: Pecsi Brewery to achieve profitability in 2007
...
More Info
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Russia: SUN Interbrew appoints new Executive director for its affiliate in Omsk
...
More Info
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Mexico: Grupo Modelo SA plans to open 1,000 retail stores over 12 months
...
More Info
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Germany: Bernard Gielen to be technical director of Carlsberg Deutschland effective 01/09/06
...
More Info
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UK & South Africa: SABMiller offers good value against peers
...
More Info
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USA: City Brewery workers reject contract offer
...
More Info
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Canada: Big Rock Brewery Income Trust announces monthly distribution
...
More Info
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Russia: Efes to refinance loan on Krasny Vostok purchase
...
More Info
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China: China Resources up 2.3% at stock exchange
...
More Info
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Brewery News
China: SABMiller associate announces acquisitions in Zhejiang and Anhui provinces
China Resources Snow Breweries Limited ("CR Snow"), an associate of SABMiller
plc and a subsidiary of China Resources Enterprise, Limited ("CRE"), announced
July 24 that it has agreed to acquire a 100% equity interest in Zhejiang Yinyan Brewery
Company Limited or "Yinyan Brewery" for a cash consideration of US$42.3 million,
FIN24 released July 24. In addition, CR Snow will acquire the brewing related assets
of the Anhui Huaibei Xiangwang Brewery Company Limited or "Xiangwang Brewery" for
a consideration of US$10.1 million. Situated in the Haiyan county of Zhejiang
Province on the east coast of China, the Yinyan Brewery is well positioned to further
extend CR Snow"s footprint in northern Zhejiang, an area which is close to a number
of major cities including Shanghai, Hangzhou, Suzhou and Ningbo. Similarly, Xiangwang
Brewery is based in Huaibei, a major city in northern Anhui. Upon acquisition,
the national brand "SNOW" will be produced as soon as practicable. At present, CR
Snow has two breweries in Zhejiang Province and five breweries in Anhui Province,
with 2005 sales volumes of 2.9 million hectolitres and 4.9 million hectolitres respectively.
Both breweries are strategic acquisitions in the development of CR Snow"s
footprint in China.
...
More Info
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Japan & China: Asahi Breweries to invest ¥800 million aiming to increase Beijing plant capacity
Asahi Breweries Ltd. will invest JPY800 million to double capacity at its plant
in Beijing, Shanghai Daily reported citing Japanese newspaper Nihon Keizai, China
Knowledge released July 24. According to the report, the new equipment at
the brewery is expected to start operating in April. The report also mentioned
that with Asahi’s plan to open a new brewery in Zhejiang province in May, the
combined capacities of the Bejing and Zhejiang breweries will raise the brewer’s
annual capacity to 820,000 kiloliters, the largest among Japanese breweries in China.
Japanese beer companies are shifting their attention to China due to poor
sales in their own country; and major beer companies like Asahi Breweries, Suntory
and Kirin Brewery are attracted to their neighboring country where demand for beer
is growing. Last year brewers made 300 million hl of beer in China, an increase
of 5% over the same period the previous year, more than in any other nation.
In 2004, China beat the U.S. to become the top consumer of beer in the world.
However, foreign beer-makers find it difficult to make profits in China
due to Chinese drinkers’ preference for cheaper locally-brewed beer. Foreign
brewers like Foster’s and Lion Nathan have pulled out of China
...
More Info
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Turkey: Anadolu Efes organic beer sales up by 9.0% to 8.4 million hl in 1H2006
Anadolu Efes has released July 21 its sales volume figures for the period
ended 30.06.2006. The brewery reported a total beer sales volume of 9.2 million hectoliters
in 1H2006, up 19.4%. Organic sales have grown by 9.0% to 8.4 million hl. Total soft
drink sales volume (including CCI & Efes Invest) stood at 194.2 million unit cases,
up 34.9%. On proforma basis, sales volume saw a growth of 11.9%, from 173.6 million
unit cases in 1H2005. Anadolu Efes Biracilik ve Malt Sanayii A. (Anadolu
Efes), listed in the Istanbul Stock Exchange, is the holding company of Efes Beverage
Group’s beverage interests as well as an operating company, under which Turkey
beer operations are managed. The Efes Beverage Group is composed of Anadolu Efes
and its subsidiaries that produce and market beer, malt and soft drinks across a
geography including Turkey, Russia, the CIS countries, Southeast Europe and the Middle
East. The Group currently operates with 16 breweries, 6 malteries and 12 Coca-Cola
bottling facilities in 11 countries and has an annual brewing capacity of around
33 million hl, malting capacity of 236,500 tons and Coca-Cola bottling capacity of
535 million unit cases per annum. In spite of the exceptionally severe and
long
...
More Info
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Hungary: Brau Union Hungaria Breweries Plc. dominates 30% of the domestic beer market
In an effort to produce beer of the highest quality, Brau Union Hungaria Breweries
complies with the latest standards and applies a Quality Control System compliant
with localised Hungarian Standard (MSZEN) ISO 9001:2001, and runs an MSZEN ISO 14001-compliant
HACCP-integrated Environment Management System, The Association of Hungarian Brewers
(AHB) published in its 2005 Annual Report. In 2005, a new Total Productive
Maintenance (TPM) system from Japan was also introduced to further improved quality
and production efficiency. Brau Union Hungaria Breweries is operating in
Hungary as an affiliate of the international Heineken Group. The history of the Group
and the famous Dutch Heineken beer dates back to 1863, when its founder Gerard Adriaan
Heineken purchased the largest brewery in the Netherlands, known as De Hooiberg (the
“Haystack”). With a mission to brew the best quality beer in the world,
Mr. Heineken and his colleague, Dr. Elion (a former student of Louis Pasteur in Paris)
developed the famous A-yeast. This yeast still guarantees the special unique flavour
of the beer today and has contributed to making Heineken the “most international”
beer of the world, marketed in 175 countries. The Hungarian member of the
Group, Brau Union Hungaria Breweries also has more than hundred years
...
More Info
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USA: Beer imports of USA were 2/3 of Mexican origin in 2005
Corona Extra, Modelo Especial and Tecate are 3 of top-4 beer brands which
represented nearly 40% of all beer exports to USA in 2005. And they are all of Mexican
origin. Shipments of these brands progressed by 1.42 million hl exceeding 2/3 of
all import growth, analysts estimated. Accordingly, imports of Corona Extra
(Grupo Modelo SA) increased by 10.5% (886,550 hl of beer), Modelo Especial (Grupo
Modelo SA) improved by 39% (362,950 hl). As for Tecate (Grupo Femsa), statistics
provide a 9% (119,000 hl) upturn of exports to USA in 2005. Meanwhile,
some of leading European brands are living hard days, according to import statistics.
Heineken succeeded a symbolic 0.3% (17,850 hl) raise and its stake in beer import
regressed below 19%. Guinness was reported to have improved exports by nearly
57,120 hl (6%) and acquired a 3.4% stake in the beer imports. Amstel (Heineken) saw
imports down by 4%. Corona Light advanced by 13%. Imports of Corona Light and Amstel
Light recorded 884,900 hl. Stella Artois (InBev) performed an impressive
boost of 67% to 374,850 hl. Imports of Bass (brewed under licence by Wolverhampton
& Dudley Breweries PLC ) dropped 119,000 hl (20%) in 3 years. Its annual decline
in 2005
...
More Info
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Barley News
UK: Heatwave to heavily reflect on winter barley crop
Winter barley has been cut at less than 11 per cent moisture content in the
Borders and Fife in one of the earliest harvest starts on record, The Scotsman published
July 22. More usually, grain moisture contents - normally at least 15% in
Scotland, often higher - have been about 12 per cent. Harvest has started five to
ten days earlier than usual in the continuing July heatwave. Cutting started
in the south of England well over a week ago and it is now estimated that about 40
per cent of all UK winter barley has been cleared. No-one is anxious to
talk about specific yields, with "average" the general description, but Home-Grown
Cereals Authority estimates indicate about 6.7 tonnes per hectare so far, against
6.5 tonnes last year. However, that refers mainly to England, and a spokesman
said: "It is still anyone's guess what the final figure will be." Dr Keith
Dawson, the Scottish Agricultural College's principal crop consultant, remained "quietly
confident" about crop prospects in Scotland. He said: "Having seen some pretty poor
crops in some European countries recently, I would far rather be in Scotland this
year." Lower quality grain for animal feed is making, if farmers are
...
More Info
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Hops News
Germany: Hop prices rise in the medium term
Hop acreage continues to decline worldwide. In 2005, only slightly less than 50,000
ha was farmed, over 600 ha less than in the previous year, Barth-Haas Group released
July 20. According to the 2005/2006 Barth Report, hop acreage in the world’s
biggest hop growing country, Germany, alone fell by more than 300 ha to 17,161 ha,
although the production volume of 34,466 metric tons was slightly positive. Nevertheless,
the industry anticipates changes in the market situation in the medium term, which
could lead to higher hop prices. According to Stephan Barth, hop trader
and managing partner of Joh. Barth & Sohn in Nuremberg and one of the world’s
leading hop marketers, acreage is expected to decrease by a further 400 ha in 2006.
In his opinion, the pain threshold has been reached in terms of simply being able
to satisfy the 2 – 3 percent annual growth in world beer demand. He expects
prices to rise in the medium term, adding that business is already ”very hectic”
today. This is because production of the highly sought-after high-alpha varieties
alone fell worldwide by 226 metric tons to 7,877 metric tons in 2005. Price increases
are already being reported, as the stocks
...
More Info
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Scientific Digest
Storage Conditions Affect the Quality of Malting Barley
R. Reuss, J. Cassells and R. Nischwitz
CSIRO Stored Grain Research Laboratory, Canberra, ACT 2601, Australia
Barrett Burston Malting Co, Richmond, Victoria 3121, Australia
INTRODUCTION:
The effect of storage conditions on the quality of barley is of considerable importance to the
barley, malting and brewing industry. Storage can either reduce barley quality (Woods et al.
1994, White et al. 1999), or increase maltability (Woonton et al. 2001). To maximise quality
of previously stored barley entering the malt house, the influence of storage environments on
post-harvest maturation and changes in malting quality of contemporary Australian barley
varieties needs to be better understood. Here we present some preliminary results of a three
year project that aims to understand the interaction between storage conditions and barley
quality. Samples of the malting barley varieties Stirling, Sloop and Gairdner were selected for
storage trials, and stored under controlled conditions. The quality of the grain was then
followed using germination tests, kernel colour measurements, enzyme analysis, Rapid Visco
Analyser (RVA) tests and malting quality analysis.
...
Load full article, 11 pages, 222 Kb, PDF file
|
Malting barley prices. French barley prices.
Nominal prices.
EURO = USD 1.2624 July 26, 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 |
154.50 |
121.00 |
153.00 |
2RS |
Prestige |
118.00 |
149.00 |
120.00 |
151.50 |
2RS |
Cellar |
116.50 |
147.50 |
119.00 |
150.50 |
2RS |
Sebastien |
116.00 |
146.50 |
118.00 |
149.00 |
2RS |
Astoria |
115.00 |
145.50 |
118.00 |
149.00 |
2RS |
Cork |
114.00 |
144.00 |
117.00 |
148.00 |
6RW |
Esterel |
105.00 |
132.50 |
106.00 |
134.00 |
Theoretical malt prices.
EURO = USD 1.2624 July 26, 2006 |
Crop year |
2005 |
Parity |
FOB Antwerp |
Position |
July 2006-Sept 2006 |
Conditioning |
Bulk |
In bags |
Bulk containers |
Bags, containers |
Malting barley variety |
EURO |
USD |
EURO |
USD |
EURO |
USD |
EURO |
USD |
2RS |
Scarlett |
262.00 |
330.50 |
276.00 |
348.50 |
276.50 |
348.50 |
290.50 |
367.00 |
2RS |
Prestige |
257.00 |
324.50 |
271.50 |
342.50 |
271.50 |
342.50 |
285.50 |
360.50 |
2RS |
Cellar |
255.00 |
322.00 |
269.50 |
340.00 |
269.50 |
340.00 |
284.00 |
358.50 |
2RS |
Sebastien |
254.50 |
321.50 |
268.50 |
339.50 |
269.00 |
339.50 |
283.50 |
357.50 |
2RS |
Astoria |
253.50 |
319.50 |
267.50 |
337.50 |
267.50 |
338.00 |
282.00 |
356.00 |
2RS |
Cork |
252.00 |
318.00 |
266.50 |
336.00 |
266.50 |
336.50 |
281.00 |
354.50 |
2RS |
Average price |
255.50 |
322.50 |
270.00 |
340.50 |
270.00 |
340.50 |
284.50 |
359.00 |
6RW |
Esterel |
240.00 |
304.00 |
255.50 |
322.00 |
255.50 |
322.50 |
269.50 |
340.50 |
* |
Asia Malt 70/30 |
251.50 |
317.00 |
265.50 |
335.00 |
265.50 |
335.50 |
280.00 |
353.50 |
** |
Asia Malt 50/50 |
248.50 |
313.50 |
262.50 |
331.50 |
262.50 |
331.50 |
277.00 |
349.50 |
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
Malt Price Evolution

Source: E-malt, June 2006
Table of the week
EU MALTING BARLEY SUPPLY AND DEMAND ESTIMATE 2006/2007
in 1.000tons |
Malt Capacity on 01/07/2006 |
Estimated Malt Production |
Barley Demand |
Supply Spring malting barley |
Supply Winter malting barley |
Net Plus/Minus |
Northwest: |
|
|
|
|
|
|
Belgium |
736 |
700 |
875 |
25 |
- |
-850 |
France |
1,285 |
1,250 |
1,560 |
1,700 |
1,600 |
+1,740 |
Germany |
2,117 |
1,800 |
2,250 |
1,400 |
50 |
-800 |
Ireland |
128 |
120 |
150 |
200 |
|
+50 |
Netherlands |
330 |
320 |
400 |
250 |
|
-150 |
UK |
1,473 |
1,360 |
1,700 |
1,400 |
500 |
+200 |
Total Northwest |
6,069 |
5,550 |
6,935 |
4,975 |
2,150 |
+190 |
Baltic: |
|
|
|
|
|
|
Denmark |
277 |
260 |
325 |
1,100 |
|
+775 |
Finland |
172 |
150 |
185 |
150 |
|
-35 |
Lithuania |
82 |
80 |
100 |
150 |
|
+50 |
Poland |
305 |
300 |
375 |
300 |
|
-75 |
Sweden |
170 |
160 |
200 |
250 |
|
+50 |
Total Baltic |
1,006 |
950 |
1,185 |
1,950 |
|
+765 |
Southeast: |
|
|
|
|
|
|
Austria |
150 |
150 |
190 |
170 |
|
-20 |
Czech Republic |
515 |
500 |
625 |
700 |
|
+75 |
Hungary |
133 |
100 |
125 |
125 |
|
- |
Slovakia |
271 |
260 |
325 |
325 |
|
- |
Total Southeast |
1,069 |
1,010 |
1,265 |
1,320 |
|
+55 |
Mediterranean: |
|
|
|
|
|
|
Greece |
45 |
45 |
55 |
|
|
-55 |
Italy |
70 |
60 |
75 |
30 |
|
-45 |
Portugal |
86 |
75 |
95 |
|
|
-95 |
Spain |
442 |
430 |
540 |
450 |
|
-90 |
Total Mediterranean |
643 |
610 |
765 |
480 |
|
-285 |
NET TOTAL |
8,787 |
8,120 |
10,150 |
8,725 |
2,150 | +725 |
Graph of the week
These Days in Business History
24 July
1847 Richard M. Hoe patented the rotary type printing press, NYC.
1938 Instant coffee invented.
1987 IBM-PC DOS Version 3.3 (updated) released
25 July
11978 The world's first test-tube baby, Louise Joy Brown, was born in Lancashire, England.
1946 1st bikini is shown at a Paris fashion show.
1984 Cosmonaut Svetlana Savitskaya became 1st woman to walk in space
26 July
1835 1st sugar cane plantation started in Hawaii.
1865 Patrick Francis Healy is 1st black awarded PhD (Louvain Belgium).
1908 FBI founded
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Agenda
July 2006:
Belgium Comes to Cooperstown , USA.
New York City Babblefest
American Beer Month July, 2006 What is American Beer Month
Qingdao International Beer Festival, China. Barley and hops and more
Interwine China - 2006. 2 nd International Trade Fair of Wine, Brewing...
Bevtek & Brewtek China - 2006. International Beer, Brewing & Beverage Production,Bottling...
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
The Forth Annual Empire State Brewing & Music Festival
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
September 2006:
8th BELGIAN BEER WEEKEND The Belgian Brewers’ association
World of Food China - 2006. International Exhibition and Conference for the Food
Beverages - 2006,Belgorod, Russia.Specialized exhibition.
CHINA BREW & BEVERAGE International Brew and Beverage Processing Technology and Equipment
International Brewery and Soft Drinks Industry Exhibition
Riga Food 2006.
The Great Canadian Beer Festival
2nd Bruxellensis Festival
Jean De Clerck Chair XII: Flavours in Beer , a post academic training
Fine Food Australia. Australia's largest exhibition for the food and beverage industry...
TecnoBebida Latin America International Exhibition of Technologies for the Beverage Industry
EXPO Food & Drinks - 2006, Armenia. The 4th Interhational specialized exhibition.
AtyrauFood - 2006, Kazakhstan.5-th North-Caspian Regional Exhibition
Munich Oktoberfest.The world's biggest beer festival.
World Grains Summit: Foods and Beverages San Francisco, California U.S.A.
International Beer Competition 2006 Japan.
FoodWeek Uzbekistan - 2006.11th Annual International Exhibition of Food and Drinks.
Northern Crops Institute Course 2006 Grain Procurement Management for Importers
World Food Moscow - 2006.The 15th International exhibition "All world of food".
The 15 AllUkrainiane forum of food-processing industry - 2006.
Great American Beer Festival® September 28 - 30, 2006.
Farmer of Kazakhstan - 2006.The 4th Kazakhstan international exhibition.
More events are available on site e-malt.com
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