Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Brewery news
Barley news
More news
Theoretical malt prices
Malting barley prices
Malt market price evolution
Table of the week
Graph of the week
On These Days
Agenda
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The changes are compared to last Newsletter's prices.
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Newsletter 09a, 2006
Newsletter 08b, 2006
Newsletter 08a, 2007
Newsletter 07b, 2007
Newsletter 07a, 2007
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E-malt.com Newsletter 09b
March 01 - March 04, 2007
Quote of the week
"There is more to life than beer alone, but beer makes those other things even better."
Stephen Morris
 Currency Rates 
Base Currency: Euro, EUR
on 02-March-2007
1 EUR = 1.3216 USD
1 EUR = 0.6737 GBP
1 EUR = 1.5469 CAD
1 EUR = 1.6805 AUD
1 EUR = 156.102 JPY
1 EUR = 2.8107 BRL
1 EUR = 34.5564 RUB
1 EUR = 10.2466 CNY
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Base Currency: US Dollar
on 02-March-2007
1 USD = 0.7567 EUR
1 USD = 0.5098 GBP
1 USD = 1.1704 CAD
1 USD = 1.2714 AUD
1 USD = 118.121 JPY
1 USD = 2.1267 BRL
1 USD = 26.147 RUB
1 USD = 7.7531 CNY
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EUR/USD Chart
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Equities of the Largest Breweries
Top Industry News
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Belgium: InBev announces 2006 4th quarter and full year results...
Click here
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Vietnam: Carlsberg selected strategic partner of Vietnamese brewery Habeco...
Click here
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Thailand: Thai Beverage’s beer sales up to Bt100 billion...
Click here
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Czech Republic: Czech breweries reported record sales in January 2007...
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Latin America: Quilmes Industrial announces 2006 2nd half and full year results...
Click here
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Canada: Russell Breweries announces 2nd quarter 2007 results...
Click here
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UK: All barley intervention stocks had been sold...
Click here
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World: A very small barley export surplus is forecast, particularly for malting barley...
Click here
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 More News
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Uganda: SABMiller built a partnership with African farmers
...
More Info
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UK: Carlsberg plans to revive its Tuborg lager brand
...
More Info
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Romania: Interbrew reports 3.4 million hectolitres record beer sales
...
More Info
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Sri Lanka: Ceylon Brewery’s profits plunged 74% in 4th quarter 2006
...
More Info
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UK: SABMiller’s share price recoups losses
...
More Info
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UK & Spain: Anheuser-Busch and Grupo Damm Partner to import Estrella Damm Barcelona to U.K.
...
More Info
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Brazil: AmBev reports 2006 4th quarter results
...
More Info
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USA: MacTarnahan’s reintroduce award-winning Amber Ale to celebrate 21th anniversary
...
More Info
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Mexico: Mexico's Femsa is flooding the market
...
More Info
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China: Brewery sponsors China Football Super League
...
More Info
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Japan: Sapporo proves their beer could mitigate hay fever symptoms
...
More Info
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USA: Pyramid Brewery celebrates 10 years in Berkley
...
More Info
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 Brewery News
Belgium: InBev announces 2006 4th quarter and full year results
InBev, the world’s leading brewer, announced its results for the full year 2006
(FY06) and the fourth quarter of 2006 (4Q06) in company’s press release from March
1.
Organic volume growth: organic beer sales volume grew +5.5% for FY06,
ahead of global industry growth; and +6.1% in 4Q06, year-on-year
Revenue
initiatives paying off: revenue increased organically by 7.9% during FY06 and 8.2%
for 4Q06, in line with our objective to increase revenue ahead of volume
Strict
cost control to support top line growth: full year cost of sales (CoS) remained under
strong control, while the company further optimized operating expenses. Our plant
optimization and Zero Based Budgeting (ZBB) programs, which are supported by more
coordinated procurement efforts, kept the overall cost base growing below average
inflation, in line with InBev’s long-term goals. For the full year, organic CoS per
Hl declined 2.5%. Organic operating expenses grew by 6.1%, as distribution expenses
rose on the back of volume growth and direct distribution expansion
Significant
EBITDA growth and margin improvement: normalized organic EBITDA grew by 16.8%, leading
to an EBITDA margin of 31.9% in FY06 versus 28.6% in FY05, an increase of 321 basis
points, of which 239 basis points was organic. Full year margins
...
More Info
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Thailand: Thai Beverage’s beer sales up to Bt100 billion
Thai Beverage, the country's leading alcoholic-drink company, saw sales rise to
almost Bt100 billion last year, due mainly to increased sales of beer in the
low-alcohol segment, The Nation (Thailand) published March 1.
Nevertheless
sales revenues were reported to be Bt97.798 billion, up from Bt94.903 billion in
2005, the consolidated net profit declined 2.7 per cent to Bt10.055 billion, from
Bt10.337 billion in 2005, because of the drop of other beverages.
In the
statement, ThaiBev said last year's increase in sales was attributed to Archa Beer
and the newly launched Chang Light and Chang Draught.
"We are satisfied
that the business is continuing to perform consistently, despite the impact of unusually
widespread flooding, high molasses prices, changes to the government and uncertainty
about domestic economic, political and commercial issues," Thapana Sirivadhanabhakdi,
ThaiBev executive vice president, said yesterday.
ThaiBev in the first quarter
reintroduced a brand called Hong Thong, which proved a success with consumers, with
sales rising to 4.8 million litres in nine months. Blend 285, another new favourite
launched in October, was already selling 1.7 million litres by the end of the year.
Thapana said that sales of beer, with volume rising 12 per cent in one year,
was an exciting sign that the
...
More Info
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Latin America: Quilmes Industrial announces 2006 2nd half and full year results
Quilmes Industrial (Quinsa) S.A. LQU announced its results for the six months
and full year ended December 31, 2006, according to PRNewswire, March 1.
Highlights - second half 2006
- Normalized EBITDA increased 25.3% to
US$ 266.6 million, from US$ 212.7 million in 2005.
- Beer sales volumes increased
11.8% to 9.7 million hectoliters.
- Soft drink sales volumes increased 20.5%
to 5.7 million hectoliters.
- Net profit after tax increased 10.7% to US$ 88.2
million, or US$ 0.814 per share for the second half of 2006.
- The Company completed
the divestiture in Argentina of three brands, one brewery and a malting facility
(*), in accordance with anti-trust requirements. The three brands accounted for approximately
7% of the Company's beer volumes for 2006 in Argentina, and contributed an estimated
US$14 million in EBITDA.
(*) The malting facility was divested in January
2007.
Financial review - Second half 2006
Beer volume sales increased
to 9,706,000 hectoliters from 8,682,000 hectoliters a year earlier, due to improvements
in all of the Company's markets and particularly in Argentina, Bolivia and Paraguay.
Volumes for soft drinks increased 20% to 5,738,000 hectoliters, reflecting a very
strong performance in Argentina. Domestic volume breakdown (thousands of hectoliters)
Net sales increased to US$ 645.8 million, from
...
More Info
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Canada: Russell Breweries announces 2nd quarter 2007 results
Russell Breweries Inc. a producer of premium beer for fine pubs and eateries,
reports its unaudited consolidated results for the three months and six months ended
December 31, 2006, according to company’s press release, February 28.
Revenues
for the three months ended December 31, 2006 were $341,942 up 4.2% from revenues
of $328,121 (restated) for the three months ended December 31, 2005. Revenues for
the six months ended December 31, 2006 were $708,006 up 9.8% compared to $645,030
(restated) for the six months ended December 31, 2005. Due to an error of recording
sales, revenues for the first quarter ended September 30, 2006 were previously overstated
by $25,557 and net loss understated by $25,557 and revenues for the three and six
months ended December 31, 2005 overstated by $18,443 and net loss understated by
$18,443. A balance of overstatement of revenues and understatement of loss $40,794
relates to the third and fourth quarter of the year ended June 30, 2006.
Gross
profit for the three months ended December 31, 2006 was $237,454 up 15% compared
to $206,269 in the comparative period and gross profit for the six months ended December
31, 2006 was $476,070 up 20% compared to $396,817 for the comparative
...
More Info
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 Barley News
UK: All barley intervention stocks had been sold
UK barley production forecast for 2006-2007 is increased by 62,000t to 5.239Mt,
according to Supply & Demand report published by Defra and Home-Grown Cereals
Authority (HGCA) on March 1. No changes have been made to opening stocks or imports
compared to January’s estimate. Total availability stands at 6.211Mt, down 4% on
last season.
“H&I (human & industrial) use in the barley sector has been
left unchanged at 1.682Mt, down 2% on last season. The forecast for H&I usage of
maize has been lowered from the December forecast by 30,000t to 0.767Mt (up 2% on
last season). H&I use in the oats sector has been increased by 30,000t from December
at 0.411Mt (17% higher than last season).
Animal feed usage of barley has
been increased by 7,000t from the December estimate to 3.086Mt, very similar to last
season. Maize usage in the feed sector is unchanged at 0.434Mt (up 8% on last season)
while oats usage is seen 1,000t higher at 0.234Mt (up 15% on last season).
There
are no revisions to seed usage for wheat, although barley usage is revised 8,000t
lower, to 0.135Mt, down 6% on last season, reflecting lower seed sowing rates.
Barley usage by retail compounders was 0.374Mt to
...
More Info
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World: A very small barley export surplus is forecast, particularly for malting barley
Russia exported 648,000 tonnes in July-December, Canada 649,000 and the U.S. 457,000
tonnes till mid January, Australia 993,000 tonnes of malting and 339,000 tonnes
of feed barley in July/December.
Australian feed barley exports during the
last three months of 2006 were only 44.000 tons, a result of the bad drought that
hit the country.
Stocks of feed and malting barley in the Eastern part of
Australia were used to alleviate the desperate feed situation so that carryover stocks
were negligible. Maltsters, on the other hand, maintained good reserves for their
operations. A crop of max. 3.7 million tonnes and a domestic consumption of 3.0 million
tonnes leaves a very small export surplus, particularly for malting barley.
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Malting barley prices. French barley prices.
Nominal prices.
| EURO = USD 1.3216 March 02, 2007 |
| Crop year |
2006 |
2007 |
| Parity |
FOB Creil |
FOB Creil |
| Position |
July 2006 |
July 2007 |
| Type |
Variety |
EURO |
USD |
EURO |
USD |
| 2RS |
Scarlett |
216.00 |
285.50 |
171.00 |
226.00 |
| 2RS |
Prestige |
215.00 |
284.50 |
170.00 |
225.00 |
| 2RS |
Cellar |
214.00 |
283.00 |
169.00 |
223.50 |
| 2RS |
Sebastien |
213.00 |
281.50 |
168.00 |
222.50 |
| 2RS |
Astoria |
213.00 |
281.50 |
168.00 |
222.50 |
| 2RS |
Cork |
213.00 |
281.50 |
167.00 |
221.00 |
| 6RW |
Esterel |
188.00 |
248.50 |
152.00 |
201.00 |
Theoretical malt prices.
| EURO = USD 1.3216 March 02, 2007 |
| Crop year |
2006 |
| Parity |
FOB Antwerp |
| Position |
Mar 2007-Sept 2007 |
| Conditioning |
Bulk |
In bags |
Bulk containers |
Bags, containers |
| Malting barley variety |
EURO |
USD |
EURO |
USD |
EURO |
USD |
EURO |
USD |
| 2RS |
Scarlett |
420.50 |
555.50 |
443.00 |
585.50 |
436.50 |
577.00 |
447.50 |
591.00 |
| 2RS |
Prestige |
419.00 |
553.50 |
441.50 |
583.50 |
435.50 |
575.50 |
446.00 |
589.50 |
| 2RS |
Cellar |
417.50 |
552.00 |
440.50 |
582.00 |
434.50 |
574.00 |
445.00 |
588.00 |
| 2RS |
Sebastien |
416.50 |
550.50 |
439.50 |
580.50 |
433.00 |
572.50 |
443.50 |
586.50 |
| 2RS |
Astoria |
416.50 |
550.50 |
439.50 |
580.50 |
433.00 |
572.50 |
443.50 |
586.50 |
| 2RS |
Cork |
416.50 |
550.50 |
439.50 |
580.50 |
433.00 |
572.50 |
443.50 |
586.50 |
| 2RS |
Average price |
417.50 |
552.00 |
440.50 |
582.00 |
434.50 |
574.00 |
445.00 |
588.00 |
| 6RW |
Esterel |
384.50 |
509.50 |
408.50 |
540.00 |
402.50 |
531.50 |
413.00 |
545.50 |
| * |
Asia Malt 70/30 |
408.00 |
539.50 |
431.00 |
569.50 |
424.50 |
561.50 |
435.50 |
575.50 |
| ** |
Asia Malt 50/50 |
401.50 |
531.00 |
424.50 |
561.00 |
418.50 |
552.50 |
429.00 |
566.50 |
* - 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 2007 are available on site
www.e-malt.com/MarketPrices
Malt Market Price Evolution
Table of the week
Number of German Breweries classified by production capacity
| Production capacity, hl of beer |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| up to 5,000 hl |
686 |
718 |
725 |
746 |
782 |
790 |
773 |
801 |
807 |
816 |
| up to 10,000 hl |
116 |
105 |
107 |
98 |
88 |
94 |
83 |
87 |
90 |
89 |
| up to 50,000 hl |
241 |
237 |
233 |
222 |
231 |
211 |
219 |
194 |
189 |
195 |
| up to 100,000 hl |
85 |
85 |
77 |
86 |
77 |
71 |
72 |
73 |
74 |
70 |
| up to 200,000 hl |
51 |
54 |
52 |
41 |
41 |
45 |
45 |
43 |
35 |
34 |
| up to 500,000 hl |
43 |
35 |
36 |
36 |
28 |
25 |
31 |
32 |
35 |
33 |
| up to 1 Million hl |
18 |
21 |
21 |
21 |
23 |
21 |
25 |
21 |
23 |
18 |
| over 1 Million hl |
33 |
30 |
30 |
30 |
29 |
31 |
27 |
30 |
26 |
29 |
| Total German Breweries |
1,273 |
1,285 |
1,281 |
1,280 |
1,299 |
1,289 |
1,275 |
1,281 |
1,280 |
1,284 |
Source: Deutscher Brauer-Bund
Graph of the week
Source: USA Beer Institute
These Days in Business History
March 1
1867 Howard University chartered, Washington D.C.
1927 Bank of Italy becomes a National Bank
1947 International Monetary Fund begins operation
March 2
1809 The earliest known bank failure in the U.S. is reported when the Farmers Exchange Bank of Glocester, R.I., goes bust after issuing $800,000 in fraudulent loans against total capital of $45.
2000 Wall Street creates what may be the most worthless company of all time. 3Com Corp. spins off 23 million shares of Palm, Inc. on NASDAQ at an initial price of $38.
2000 Shares in MicroStrategy Inc., a hot software consulting firm, fall from $246.75 to $86.75 in a single day as chairman Michael Saylor announces that the company will have to slash its reported revenues and earnings for the past two years.
March 3
1885 American Telephone and Telegraph (AT&T) incorporates
1979 Meeting in Geneva, OPEC declares that its members will raise the price of crude oil 9% in a single leap, from $13.34 to $14.55, igniting another round of global inflation.
2000 On the same day, technology stocks set a record for industry representation in the Standard & Poor’s 500-stock index, at 34.9%, and Cisco Systems, Inc. becomes the world’s most valuable corporation, with a total market value of $548 billion.
March 4
1902 American Automobile Association, AAA, founded in Chicago
1977 1st CRAY 1 supercomputer shipped, to Los Alamos Laboratories, New Mexico
1991 Bank of Credit and Commerce International divests itself of 1st American Bank
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Agenda
March 2007:
Beer Day, Iceland.
WorldFoodUzbekistan - 2007.
World Barley Malt & Beer Conference.
The 2nd International Trading Summit: Grains & Oilseeds, Turkey.
April 2007:
InterFood St. Petersburg
15th Annual International Beer Festival, USA.
The International Hop Growers’ Convention (IHGC) Meetings, France.
24th ANNUAL INTERNATIONAL BEER FESTIVAL SAN FRANCISCO
May 2007:
European Grain & Oilseed Convention 2007, Brussels
31-st International Congress of the European Brewery Convention , Italy
Hofex - 2007, China
InterFood Azerbaijan 13th Azerbaijan International Food Industry and Agriculture Exhibition
InterFood Astana , Kazakhstan, 9th Astana International Exhibition for Food, Beverages, Technologies
More events are available on site e-malt.com
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Copyright © E-Malt s.a. 2007
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