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E-Malt.com Flash 48a
November 26 - November 28, 2007
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Quote of the week
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Currency Rates

Base Currency: Euro, EUR
on 28-November-2007

1 EUR = 1.4858 USD
1 EUR = 0.7178 GBP
1 EUR = 1.4729 CAD
1 EUR = 1.6987 AUD
1 EUR = 160.522 JPY
1 EUR = 2.7482 BRL
1 EUR = 36.1164 RUB
1 EUR = 10.9907 CNY
Base Currency: US Dollar
on 28-November-2007

1 USD = 0.6731 EUR
1 USD = 0.4831 GBP
1 USD = 0.9913 CAD
1 USD = 1.1433 AUD
1 USD = 108.047 JPY
1 USD = 1.8497 BRL
1 USD = 24.3084 RUB
1 USD = 7.3974 CNY
Currency Rates, EUR/USD Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend
November 28, 2007
Crop 2007 Crop 2008
2rs Barley €288.0-290.0 1.70% 2rs Barley €255.0-257.0 0.39%
6rw Barley €230.0-232.0 0.39% 6rw Barley €255.0-257.0 0.86%
2rs Malt €528.5-530.5 0.75% 2rs Malt €481.5-483.5 0.21%
6rw Malt €486.0-488.0 0.10% 6rw Malt €449.5-451.5 0.55%

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 Prices are theoretical and based FOB Antwerp being estimated on French malting . The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.

Top Industry News

Netherlands: Government to impose a new beer tax from January 1, 2008 ...Click here
UK: Beer duty hike could be the final straw for already suffering beer industry ...Click here
Denmark & Netherlands: Carlsberg, Heineken open to raise bid for S&N ...Click here
Angola: Portuguese brewer Sagres wants to lead Angolan imported beer market ...Click here
Germany: Biofuel will rise 40% the price of beer over the next five years ...Click here
UK: Scottish & Newcastle says BBH case to take until June or July ...Click here
Ireland: Greencore reports profit rise of 32% in year to September 2007, malting business encouraging ...Click here
Australia: ABB Grain full-year profit plunge of 89% after the nation's worst drought ...Click here
USA: Feed barley prices strengthen while malting prices remain steady ...Click here
Canada: CWB opponents get support from four major malting companies ...Click here
UK: Fusarium fears extend to spring barley ...Click here

USA: Beer distributors wait for Molson Coors and SABMiller to consolidate distributor channels ...More Info
Belarus: Syabar Brewery launches ice beer ...More Info
India: SABMiller enters into barley agreement with farmers in Haryana ...More Info
Russia: Baltika Breweries pays off first bond issue of 1 billion rubles ...More Info
Singapore: Asia Pacific Breweries appoints Simon Israel as Non-Executive Director ...More Info
Ukraine: October 2007 barley export up 18%, to 33 MT ...More Info
Australia: Barley growers urged to plant pure varieties ...More Info
Go to our news database with more than 11780 articles.
Today with the possibility to be translated in 7 different languages!

Brewery News

Netherlands: Government to impose a new beer tax from January 1, 2008
The Netherlands’ Government will impose a new beer tax starting January 1, 2008, Infobiere reported November 26.

The tax will cause a 30% rise ...More Info

UK: Beer duty hike could be the final straw for already suffering beer industry
Brewers are warning of a “perfect storm” for brewing if the government increases beer duty in the next Budget, The Publican reported November 26.

A ...More Info

Denmark & Netherlands: Carlsberg, Heineken open to raise bid for S&N
Carlsberg AS and Heineken NV are open to the possibility of raising their bid for Scottish & Newcastle PLC (S&N) if the British brewer's ...More Info

Angola: Portuguese brewer Sagres wants to lead Angolan imported beer market
Portuguese beer maker Sagres wants to become the leader of the Angolan imported beer market by covering the entire country, the company’s chairman, Alberto ...More Info

Germany: Biofuel will rise 40% the price of beer over the next five years
Beer and oil may not mix, but in Germany there’s a direct link between hefty increases in the cost of a barrel of each, ...More Info

UK: Scottish & Newcastle says BBH case to take until June or July

A Swedish court is likely to take until June or July to rule on Scottish & Newcastle's attempt to make Carlsberg sell its half of their Baltic Beverages Holding (BBH) joint venture, S&N chief executive John Dunsmore told Reuters November 23.

The dispute arose when Carlsberg, the world's fifth-largest brewer by volume, joined forces with Heineken, the fourth-largest, to bid for S&N, the sixth-largest, which S&N said broke the partnership agreement in Russia-based BBH.

Last week Carlsberg and Heineken raised their proposed bid to 750 pence a share from last month's 720p opening bid, valuing the Edinburgh-based S&N at 7.3 billion pounds ($15.11 billion).

After the first approach, S&N gave notice to Carlsberg of a possible breach of the BBH agreement and said the conditional offer had triggered the so-called shotgun agreement that allows either party to buy the other out of BBH.

"We're very confident in the position we're taking," Dunsmore said after a presentation to analysts in Copenhagen. "We're in consultations with our shareholders all the time. We make decisions based on what we think is going to create value for shareholders."

Dunsmore said no formal talks had yet been held with Carlsberg and Heineken.

He added that there was no going back to ...More Info

Malt News

Ireland: Greencore reports profit rise of 32% in year to September 2007, malting business encouraging
Greencore Group PLC, one of Europe's leading convenience food and malt producers, reported results for the year ended September 2007, in a press release, ...More Info

Barley News

Australia: ABB Grain full-year profit plunge of 89% after the nation's worst drought

Leading agricultural company ABB Grain announced a net profit after tax of $7.3 million for the full year ending 30 September 2007, which is consistent with ABB’s recent profit revision, according to company’s press release, November 26.

The company will also pay a final fully franked dividend of 5.0 cents per share to shareholders on 21 December 2007 (record date: 6 December).

In making the announcement, ABB Grain’s managing director Michael Iwaniw said the 2006 drought – the worst in 25 years – had impacted significantly on ABB’s earnings.

“There’s no doubt the drought, and the volatile market activity that followed, has had a significant influence on our net profit. Our 2006/07 grain receivals of 1.8 million tonnes were just over a quarter of the previous year’s 6.6 million tonnes,” Mr Iwaniw said.

“However, a strong performance from our expanded malt operations, and growth in non-grain activities and value adding services have been real positives to come from the year.

“Our supply chain activities were boosted by an increase in throughput of non-grain materials including mineral sands, salt, gypsum and fertiliser. ABB has a well maintained network of infrastructure in place to be well positioned to capitalise on the mining boom ...More Info

USA: Feed barley prices strengthen while malting prices remain steady

Talk of increased export demand for feed barley and the need to keep prices somewhat close to malting contract figures caused feed barley prices to move upwards in several locations during the past two weeks, while cash malting prices remained unchanged, according to Farm & Ranch Guide, November 23.

“We had about a 25-cent move up in the last couple weeks and that was just to stay competitive with the malting barley,” Randy Brag with Valley Grain Services in Casselton, N.D. said. “There are still buyers out there looking for malting barley.

“The big question is how much barley is left out in the country? We have had a lot of movement of barley at these prices. And at these prices, farmers should be letting it go. What makes me nervous, as a buyer and merchandiser, right now is what's left out there.”

Two export situations also applied upward pressure to barley prices during this period.

First was an announcement of the sale of 27 million bushels of Canadian malting barley to China. Steve Edwardson. head of the N.D. Barley Council, noted this should help keep U.S. prices strong, at least in the short term.

In the past few months Japan has been purchasing a ...More Info

Canada: CWB opponents get support from four major malting companies

Opponents of the Canadian Wheat Board's single marketing desk for Prairie barley got support from four major malting companies that now urge Ottawa to press ahead with "marketing choice", Farm Business Communications reported November 27.

The four, under the banner of the Malting Industry Association of Canada, called for "the immediate introduction of legislation to allow for the complete deregulation of barley" effective Aug. 1, 2008, in view of the results of last spring's plebiscite of Prairie barley growers.

The maltsters said they arrived at their position after three months of "extensive discussions" with the CWB to help develop "alternative mechanisms" to market Prairie barley.

"Unfortunately, positions proposed by the CWB so far have not addressed the fundamental issue of providing market-driven price signals to both growers and end-users," the group said, viewing such signals as "essential" to protect both farmers and maltsters by giving them the ability to hedge their commodity risk.

The group's member companies include Prairie Malt (co-owned by Viterra and Cargill) of Biggar, Sask., ADM Malting in Winnipeg, Canada Malting Co. of Calgary (co-owned by ConAgra) and Minnesota-based Rahr Malting, which operates a malt plant at Alix, Alta. Collectively, they said, they buy about 1.1 million tonnes of malting barley ...More Info

UK: Fusarium fears extend to spring barley

Cereal growers with crops still to sow, including spring barley, are being urged to test home-saved seed, think hard before omitting treatment and be prepared to raise sowing rates, FWi reported November 28.

Although several factors, not least dry early seed-beds and seed dormancy, led to poor establishment this autumn, disease hit harder than usual, and must be taken into account, warn several commentators.

Infection by Microdochium nivale seedling blight - the disease most farmers and agronomists still refer to as fusarium - was exceptionally heavy this autumn, noted Scottish Agricultural Science Agency seed pathologist Valerie Cockerell.

"I don't think I've ever seen it quite as high. Average levels on Scottish wheats have been 50%."

In previous "bad" years the highest average was about 30%, and more recently it had been nearer 10%, noted Mrs Cockerell."Without doubt seed treatment for late-sown wheat will be necessary."

Fusarium infection in Bayer CropScience trials was up to 70% with up to half the plants lost, noted the firm's Adrian Cottey."Even in early-drilled crops we lost a lot.With 70% infection in later sowings without seed treatment, you could expect to lose most of the infected seedlings."

Much depended on growing conditions, he said.Fusarium seedling blight was not normally seen as ...More Info

Scientific Digest

A New Two Dimensional Germinative Classification of Malting Barley Quality Based on Separate Estimates of Vigour and Viability

Birthe MOLLER and Lars MUNCK Department of Food Science, The Royal Veterinary and Agricultural University,Frederiksberg, Denmark

It is surprising that not even today do germination data seem fully integrated with malting data in barley quality evaluation. In order to implement such an integration, pattern recognition multivariate data analysis (chemometrics) is essential. Inspired by the results from chemometric analyses of whole germination curves we tested a two-dimensional classification plot of barley samples based on separate estimates for "vigour" (g%1) germination energy (GE) as abscissa with limits at 70% and 30% and "viability" (g%3) as ordinate with limits at 98% and 92%. The seven barley classes obtained visualise the quality differences in a consistent and instructive way clearly differencing and ordering malting barleys with falling extract% and increasing wort ί-glucan (mg/l) according to a subsequent validation analysis. "Vigour" g%1 could surprisingly be predicted by Partial Least Squares Regression (PLSR) correlation by Near Infrared Transmission (NIT) and by a separate set of ten physicalchemical analyses. Samples with "viability" g%3 lower than 92% were outliers. It was concluded that germination speed is connected with the structure of the seed, which regulates the availability of substrate for germ growth near connected to the speed of malt modification. It is suggested that a NIT PLSR prediction model for "vigour" can be used directly "on-line" for quality control in the grain industry and by plant breeders. A fast germinative classification plot can be established with NIT spectroscopy for "vigour" and the Tetrazolium germ-staining test for "viability" within two hours. Keywords: germination classification; vigour; viability; Near Infrared Transmission; physical-chemical properties
... Load full article, 7 pages, 356 Kb, PDF file

Malting barley prices.

Prices for Danish malting barley are available
on site www.e-malt.com/MarketPrices

Theoretical malt prices

Theoretical malt prices (Crop 2007, Crop 2008).

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

Prices Evolution

Prices evolution
Source: E-malt.com (Based on French Malting Barley Prices)

Table of the week

German Spring Barley. Crop 2007. Estimation.
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Graph Of The Week

Source: HGCA

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