Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Brewery news
Malt news
Barley news
Hops news
More news
Theoretical malt prices
Malting barley prices
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.
Arrows indicate the direction of the change.
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Brazil Beer Production (1995 - 2006e)

USA Imports of Malt Beverages including Beer

EU Malt Demand estimated 2006-2007

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E-malt.com Newsletter 12a March 19 - March 21, 2007
Quote of the week
"The years teach much which the days never knew."
Ralph Waldo Emerson
Currency Rates
Base Currency: Euro, EUR
on 21-March-2007
1 EUR = 1.3298 USD
1 EUR = 0.6816 GBP
1 EUR = 1.5594 CAD
1 EUR = 1.662 AUD
1 EUR = 156.381 JPY
1 EUR = 2.765 BRL
1 EUR = 34.639 RUB
1 EUR = 10.3035 CNY
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Base Currency: US Dollar
on 21-March-2007
1 USD = 0.752 EUR
1 USD = 0.5126 GBP
1 USD = 1.1727 CAD
1 USD = 1.2497 AUD
1 USD = 117.596 JPY
1 USD = 2.0792 BRL
1 USD = 26.0479 RUB
1 USD = 7.7481 CNY
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EUR/USD Chart
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Equities of the Largest Breweries
Top Industry News
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Peru: SAB Miller Peru sees 10% sales growth...
Click here
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Thailand: Proposed alcohol consumption law may breach international trade rules...
Click here
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UK: Brewers call for tax freeze in budget to ease smoking ban...
Click here
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Sweden & Czech Republic: Budvar signs sales, marketing deal with Carlsberg Sverige AB...
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Bulgaria: Beer market up 17% m/m in February...
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Croatia: Karlovacka Brewery closed production after all...
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World: The latest figures for malt exports by countries...
Click here
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EU: A further reduction of malting barley plantings is likely...
Click here
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EU: Maltsters are nervous about the acreage devoted to spring barley...
Click here
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USA: Scientists released two new varieties of barley that resist Russian wheat aphid...
Click here
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Czech Republic: Hops exports fell 15% in 2006...
Click here
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More News
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Mexico: Viva World Trade plans to brew and bottle its own premium beer
...
More Info
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Romania: Bere Mures invests 3 million euros in marketing
...
More Info
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USA: The lack of movement for both malting and feed barley is helping prop up the prices right now
...
More Info
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Africa: East African Breweries to expand on Zambia and Ethiopia markets
...
More Info
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Finland: Käki beer joins Sinebrychoff’s House of Beer selection
...
More Info
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Ireland: Polish beer highly appreciated
...
More Info
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UK: Mild weather may cause barley mosaic virus
...
More Info
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UK: Suffolk-based St Peter’s Brewery to invest £3m in a new brewery site
...
More Info
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Russia: The synergetic effect of BBH merger in Russia could reach $100 mln in 2007
...
More Info
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USA: Coors Brewing Company unveils 2007 advertising campaigns
...
More Info
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Brewery News
Peru: SAB Miller Peru sees 10% sales growth
Brewing giant SABMiller Plc said it could invest more than $100 million in
its Peruvian unit by March 2008 to raise production and consolidate its dominant
market share in the country, Reuters reported March 20. Speaking at the
Latin American Investment Summit in Lima Peru on Tuesday, SABMiller Peru chief executive
Robert Priday forecast 10 percent sales and volume growth this year for its Peruvian
brewery Backus y Johnston, which posted 1.569 billion soles ($490 million) in sales
last year. His forecast would be double the 5.1 percent increase in sales
revenue posted in 2006, but lower than the 12.3 percent growth in sales volume last
year, as measured in hectoliters. Reuters Pictures The rapid expansion
of the Peruvian economy was fueling 2007 sales growth, Priday said. Peru's gross
domestic product grew 8 percent last year, its fastest rate in 11 years. In
tandem with the growth, will be an 8 percent increase in Peru's per capita beer consumption
from last year's 33 liters (8.7 U.S. gallons) per capita consumption. Peru
has one of the lowest beer consumption rates in Latin America, making it an attractive
market, he added. Last year, SABMIller invested $102 million in Peru and
Priday saw even more investments this year. "Investment (in
...
More Info
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Thailand: Proposed alcohol consumption law may breach international trade rules
Thailand's proposed alcohol consumption law may breach international trade rules
because its total ad ban is a non-tariff barrier for imported drinks, according
to executives of Boon Rawd Brewery Co, which makes Singha beer, Thai Press reported
March 16. Trade partners may challenge Thailand at the World Trade Organisation
(WTO), they warned. Santi Bhirombhakdi, the company's executive director,
believes the National Legislative Assembly will finally approve the law. But, he
said, ministries including Commerce, Foreign Affairs and Finance should think twice
about whether the law meets international trade obligations. ''I would like
to ask those ministers whether this would be acceptable in international standards,''
he said on March 15. Mr Santi is not pleased by the alcohol control law,
which he said put the excise tax on white spirits too low. The law would only favour
white spirits, a major product of liquor tycoon Charoen Sirivadhanabhakdi, who owns
Boon Rawd's chief rival Thai Beverage. On Tuesday, the Public Health Ministry
won cabinet endorsement of its draft law on liquor-consumption control. It would
set the minimum age for new drinkers at 20 and impose an around-the-clock ban on
ads. This would include trademarks on materials such as chairs and umbrellas, and
only exempt commercials that come
...
More Info
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Sweden & Czech Republic: Budvar signs sales, marketing deal with Carlsberg Sverige AB
Breweries Budějovický Budvar National Corporation and Carlsberg Sverige AB
have signed an agreement concerning the sales and marketing of Budějovický
Budvar beer in Sweden, which will be effective from April 1st, Budvar announced in
its press release on March 19. The enrichment of the Swedish beer culture
is part of Carlsberg's strategy. Carlsberg's premium portfolio will contain special
products from around the world – from China in the East to the USA in the West, from
modern & trendy to traditional & classic trademarks, from light refreshing beer to
dark and (heavy) strong types. Today the portfolio already contains several international
premium and speciality beers, such as Leffe, Hoegaarden, Brooklyn, Spaten, Bass and
Löwenbrau. “We are very proud to provide the Swedish market with the tradition-rich
Budvar. An important part of the Carlsberg strategy includes enriching Sweden's beer
culture with high-quality local and foreign beers; and Budvar is a refreshing Czech
element in our portfolio. So-called speciality beers and international premium beers
are a growing trend both in Sweden and internationally”, says Stig Sunde, Carlsberg
Sweden’s CEO. “The Swedish market has a great potential for Budvar. Although
starting from a fairly low level, we are looking forward to an increasing market
share.
...
More Info
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Bulgaria: Beer market up 17% m/m in February
Bulgarian domestic beer sales rose 17.4% month-on-month to 234,828 hectoliters
in February, shows data released by the Union of Brewers in Bulgaria, Dnevnik
reported March 20. Although sales jumped 30% year-on-year to 451,456 hectoliters
in January and February, the beer market is expected to slow down to a growth rate
of 4-5% for the entire 2007 after gaining 14% last year. The UBB figures do not
reflect the sales of the locally-owned Lomsko Pivo and MM brands which are not members
of the union. Kamenitza AD, owned by the world's biggest brewer by volume
InBev, was February's top performer in terms of month-on-month growth, adding 50%
to record sales of 63,528 hectoliters. Kamenitza AD, the nation's only beer exporter,
said it shipped abroad 844 hectoliters in February. The flagship brand of the
company - Kamenitza, owned 16% of the local beer market in 2006. Sales at
Heineken-owned Zagorka AD increased by 15% month-on-month to a market-leading 85,024
hectoliters in February. The company has the YTD lead as well with 159,214 hectoliters
for January and February combined. Carlsberg Bulgaria was runner-up in February
with a month-on-month growth of 6.8% to 67,767 hectoliters. The company has sold
46,767 hectoliters of beer in January-February. Locally-owned Boliarka VT
posted a month-on-month
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More Info
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Malt News
World: The latest figures for malt exports by countries
Canada’s malt exports have fluctuated between 500,000 and 550,000 tons since the
year 2000, they may increase by 50,000 tons during this crop year, but are limited
by available capacity. The USA will export 150,000 tons to Mexico and the
Dominican Republic, of which 100,000 tons will be produced in Modelo’s malthouse
in Idaho. In the Mercosur countries Argentina and Uruguay each ship about
220,000 tons of malt to Brazil. New capacities of Cargill and Quilmes will increase
the Argentinian capacities by a total of 220,000 tons, so that the Brazilian import
demand of about 700,000 tons can be filled completely by their neighbour countries.
Russia has become a malt exporter to the Ukraine and all the countries in
the South, which were part of the Soviet Union. Annual exports may reach 100,000
tons. Also China entered the world market, selling malt to Russia, Taiwan and Southeast
Asia, we registered sales of almost 100,000 tons. Therefore the total of
new international sales may be as much as 470,000 tons. However, we must also look
at the larger beer output, probably 4 % in 2006 and again 3 % in 2007 = 1.710 Billion
hl. If we deduct self-sufficient China from this figure,
...
More Info
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Barley News
EU: Maltsters are nervous about the acreage devoted to spring barley
Traders, maltsters and even brewers are nervous about the acreage devoted to spring
barley. Estimates are: France plus 10 % = 550,000 ha, U.K. total acreage almost unchanged
at 480.000 HA, but malting barley varieties up 35.000 HA, i.e. 390,000 ha, Denmark
sharply down, estimates range from minus 50 to 80.000 HA, Germany sounds pessimistic,
minus 5 – 8 %, i.e. 500 – 520,000 tonnes, Czech Republic about unchanged.
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Hops News
Czech Republic: Hops exports fell 15% in 2006
A total of 4,442 tonnes of Czech hops were exported to 44 countries last year,
a fall of 15.4 percent from 5,249 tonnes in 2005, secretary of the Czech Hop Growers'
Association Zdenek Rosa told Czech News Agency, March 15. He said a record
crop in 2005 and lower harvest in 2006 are to blame for the fall in exports. Japan
is the biggest buyer accounting for more than 44 percent of exports last year, Rosa
said. Hops are supplied to Germany and Britain. Exports rose to China, Russia, Belgium
and Slovakia last year. Breweries in Romania, Belarus, India, the USA, Ukraine, Cuba
and Vietnam are also major customers. Hops exports amounted to Kc812m and
imports stood at Kc116.4m, said Rosa. Hop growers harvested 5,453 tonnes of the crop
last year, down 30.4 percent year-on-year. A per hectare yield of 1.01 tonne was
0.37 tonne lower than in 2005. The harvest had been affected by the spring floods,
long winter, cold late May and early June, and tropical heat in July. By
area of hop fields, the Czech Republic ranks third in the world after Germany and
the USA.
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Malting barley prices. French barley prices.
Nominal prices.
EURO = USD 1.3298 March 21, 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 |
287.50 |
174.00 |
231.50 |
2RS |
Prestige |
215.00 |
286.00 |
173.00 |
230.50 |
2RS |
Cellar |
214.00 |
284.50 |
172.00 |
229.00 |
2RS |
Sebastien |
213.00 |
283.50 |
171.00 |
227.50 |
2RS |
Astoria |
213.00 |
283.50 |
171.00 |
227.50 |
2RS |
Cork |
213.00 |
283.50 |
170.00 |
226.50 |
6RW |
Esterel |
188.00 |
250.50 |
153.00 |
203.50 |
Theoretical malt prices.
EURO = USD 1.3298 March 21, 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 |
427.50 |
568.00 |
450.00 |
598.50 |
443.50 |
590.00 |
454.50 |
604.00 |
2RS |
Prestige |
426.00 |
566.50 |
448.50 |
596.50 |
442.50 |
588.50 |
453.00 |
602.50 |
2RS |
Cellar |
424.50 |
564.50 |
447.50 |
595.00 |
441.50 |
586.50 |
452.00 |
601.00 |
2RS |
Sebastien |
423.50 |
563.00 |
446.50 |
593.50 |
440.00 |
585.00 |
450.50 |
599.50 |
2RS |
Astoria |
423.50 |
563.00 |
446.50 |
593.50 |
440.00 |
585.00 |
450.50 |
599.50 |
2RS |
Cork |
423.50 |
563.00 |
446.50 |
593.50 |
440.00 |
585.00 |
450.50 |
599.50 |
2RS |
Average price |
424.50 |
564.50 |
447.50 |
595.00 |
441.50 |
586.50 |
452.00 |
601.00 |
6RW |
Esterel |
391.50 |
522.50 |
415.50 |
552.50 |
409.50 |
544.50 |
420.00 |
558.50 |
* |
Asia Malt 70/30 |
415.00 |
552.00 |
438.00 |
582.50 |
431.50 |
574.00 |
442.50 |
588.00 |
** |
Asia Malt 50/50 |
408.50 |
543.50 |
431.50 |
573.50 |
425.50 |
565.50 |
436.00 |
579.50 |
* - 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
Table of the week
Canada: Barley Supply and Disposition
|
2004-2005 |
2005-2006 |
2006-2007 f |
2007-2008 f |
Seaded area, '000 ha |
4,678 |
4,440 |
3,861 |
4,780 |
Harvested area, '000 ha |
4,050 |
3,889 |
3,362 |
4,270 |
Yield, tonne/ha |
3.26 |
3.21 |
2.98 |
3.07 |
Production, '000 metric tonnes |
13,186 |
12,481 |
10,005 |
13,100 |
Imports, '000 metric tonnes |
83 |
46 |
40 |
35 |
Total Supply, '000 metric tonnes |
15,371 |
15,962 |
13,333 |
14,635 |
Exports, '000 metric tonnes |
1,975 |
2,975 |
2,300 |
2,400 |
Food & Industry Use, '000 metric tonnes |
268 |
167 |
260 |
300 |
Feed, Waste, Dockage, '000 metric tonnes |
9,417 |
9,192 |
8,858 |
9,030 |
Total Domestic Use, '000 metric tonnes |
10,073 |
9,698 |
9,533 |
9,735 |
Carry-out Stocks, '000 metric
tonnes |
3,435 |
3,289 |
1,500 |
2,500 |
Average Price, CA$/tonne |
112 |
110 |
150-170 |
140-160 |
f: forecast, Agriculture and Agri-Food Canada, March 12, 2007
Graph of the week
These Days in Business History
March 19
1775 Poland and Prussia sign trade agreement
1831 1st U.S. bank robbery (City Bank, New York/$245,000)
1965 Indonesia nationalizes all foreign oil companies
March 20
1886 1st AC power plant in U.S. begins commercial operation, Massachusetts
1991 U.S. forgives $2 billion in loans to Poland
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.
Marsh 21
1868 In London, the prospectus for the earliest known mutual fund is published as the Foreign and Colonial Government Trust offers its shares to the public for 85 pounds sterling.1986 Pittsburgh Associates buy Pittsburgh Pirates for $218 million
1906 John D Rockefeller III is born, billionaire philanthropist (oil)
1986 199.22 million shares traded in New York Stock Exchange
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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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