If you want to see the web version you may click here or access http://www.e-malt.com/mcommon/newsletter29a_2004.htm

Newsletter Summary

Currency rates
Brewery news
Malt news
Barley news
More news
Theoretical malt prices
Malting barley prices
Graph of the week
Agenda
Do you know e-malt.com?


Average market prices Change trend

Tuesday, 13-July-2004
Crop 2003
2rs Barley €111.0 -0.89%
6rw Barley €105.0 -0.94%
2rs Malt €246.0 -0.61%
6rw Malt €238.5 -0.62%
Crop 2004
2rs Barley €121.0 -0.82%
6rw Barley €105.0 -0.94%
2rs Malt €253.5 -0.39%
6rw Malt €233.5 -0.64%

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 market prices are estimated on FOB Antwerp basis.
The changes are compared to last Newsletter's prices.
Arrows indicate the direction of the change.


Easy E-malt.com



E-malt.com access

User name

Password



Do you know
E-malt.com ?

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters' Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

Updated figures related to USA barley and malt trade with Mexico and Canada could be seen in NAFTA section of e-malt.com menu. To this purpose please enter e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!


E-malt.com Links!

  • Industry news
  • Market prices
  • EU Regulations
  • NAFTA
  • Specifications
  • Special malts
  • Professional Help
  • Trading online
  • Costing online
  • Statistics
  • Graphs
  • NewsLetters
  • Agenda
  • Accounts
  • Log In
  • Contact us

Other e-malt.com newsletters

Last five newsletters

See this Newsletter!
Newsletter 28b, 2004

See this Newsletter!
Newsletter 28a, 2004

See this Newsletter!
Newsletter 27b, 2004

See this Newsletter!
Newsletter 27a, 2004

See this Newsletter!
Newsletter 26b, 2004



Market price evolutions

The evolution of market prices for barley and malt, which are periodicaly issued with e-malt.com newsletters are published on e-malt.com site in Market Prices section. Just click here!
Available market price evolutions

See this Evolution!
Malt Market Price Evolution. Crop 2004

See this Evolution!
French Malting Barley Price Evolution. Crop 2004

See this Evolution!
Malt Market Price Evolution. Crop 2003

See this Evolution!
French Malting Barley Price Evolution. Crop 2003


E-malt.com graphs

All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site. new ! The graphs are updated from time to time. Just see the updates online on e-malt.com site!
Last five graphs

Open this Graph!
Mexico beer production

Open this Graph!
Belgian malt production and export

Open this Graph!
South Africa beer production

Open this Graph!
Australia export of barley & malt

Open this Graph!
China beer consumption



E-malt.com Tables

We have the pleasure to let you know that all e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statisctis section.
Last five tables
search in statistics

Open this Table!
EU malt export licence fixations

Open this Table!
Ukraine barley crop estimate

Open this Table!
EU Malting Barley Suply and Demand 2004/2005

Open this Table!
Australia barley crop forecast 2004-2005

Open this Table!
Malt Export of European Economic Community



Note

If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com


If you have received this newsletter by a colleague, you can obtain your own free subscription here, or a full FREE registration here.


You may recommend our site to your friend by clicking here


If you do not wish to receive our newsletter, please unsubscribe your e-mail address (@EMAILADDRESS@) from our mailing list using unsubscribe form from our site!

July 12 - July 14, 2004 Currency Rates
Base Currency: Euro, EUR
on 13-July-2004

1 EUR = 1.2412 USD
1 EUR = 0.6655 GBP
1 EUR = 1.6365 CAD
1 EUR = 1.7060 AUD
1 EUR = 134.35 JPY
1 EUR = 3.7670 BRL
1 EUR = 36.1686 RUB
Base Currency: US Dollar
on 13-July-2004

1 USD = 0.8059 EUR
1 USD = 0.5362 GBP
1 USD = 1.3185 CAD
1 USD = 1.3745 AUD
1 USD = 108.25 JPY
1 USD = 3.0350 BRL
1 USD = 29.14 RUB

EUR/USD Chart
Top Industry News
  • Belgium: Interbrew announced on 13 July 2004 it realized a total volume of 54.7 million hectoliters in the first half of 2004 Click here

  • Japan: Japanese beer shipments failed in the first half of 2004 for the third straight year despite favourable weather and against industry expectations Click here

  • Hong Kong: Anheuser-Busch, the world's largest brewer, announced on July 12 it now holds 99.66 % of China's Harbin Brewery Group Ltd Click here

  • Euro 2004 results: 25 million liters of beer were sold in Portugal during the only period of the Euro 2004 ... Click here

  • United States imports of beer ... Click here

  • USA: Now, after a major construction project, the Anheuser-Busch plant south of Idaho Falls will be able to double its malt-barley production ... Click here

  • EU: Good malt export figures did not improve the market mood ... Click here

  • France: The content of protein in French barley is heterogeneous ... Click here

  • China imported 1.014 million tonnes of barley in July – April 2004 ... Click here

  • In Denmark planted acres of spring barley are around 580,000 ha ... Click here

More News
  • Interbrew SA, the brewer of Stella Artois and Rolling Rock, said it's not interested in buying part or all of Guangdong Brewery Holdings Ltd ...more info


  • South African Breweries Ltd, the South African operation of SABMiller plc (SAB) unveiled on July 12 a major project to change its corporate identity in South Africa ...more info


  • China: One of China's top brewers, Guangzhou Zhujiang Brewery Co, is planning to build a new beer plant with an annual capacity of 500,000 tonnes in Dongguan ...more info


  • Sweden's state alcohol retailing monopoly Systembolaget has posted yet another drop in sales for the month of June ......more info


  • UK: London brewer Young’s has shrugged off uncertain weather and England’s early exit from Euro 2004 to record an encouraging start to the summer ......more info


  • Australia: Adelaide’s own Coopers beers will once again be flowing at SKYCITY Adelaide on North Terrace ...more info


  • Taiwan protesters call for retaliatory boycott of Chinese beer, BBC Monitoring Asia Pacific posted on July 12, 2004. Taiwan should ban the sale of China's Tsingtao Beer and Yanjing Beer ...more info


  • Australia’s third largest brewer, Coopers Brewery, has enjoyed its second consecutive year of double digit growth with total beer sales rising 16.4% during 2003-04 ...more info


  • Australia: A fall in the international feed barley market has affected ABB Grain’s 2003/04 barley pools and ABB’s pool forecasts for the 2004/05 season ...more info


  • Canada barley production for 2004-05 is forecast by AAFC to increase by 3% due to higher yields, despite lower seeded area ...more info


  • France: For 2003-2004, barley harvested area is estimated at 1.8 Mha, up from 1.6 Mha in 2002-2003 ...more info


  • Belarus: The World Bank’s International Finance Corporation (IFC) participating in privatization of a brewery in Belarus ...more info


  • Finland: Finnish malting barley farmers have in recent years started to change their production from domestic varieties, especially Saana, to the European varieties Scarlett and Barke ...more info


Brewery News
Belgium: Interbrew announced on 13 July 2004 it realized a total volume of 54.7 million hectoliters in the first half of 2004, +21% higher than the volume of 45 million hectoliters in the same period of last year. Organic volume growth amounted to 2.5 million hectoliters, or +5.5%, almost three times the global industry growth rate. This growth was realized in a broadly favorable pricing environment. Particularly positive were the continued market-share gains of the two international premium brands, with Stella Artois® volume growing more than +6% and Beck's® more than +14%. Second-quarter organic volume growth was +2%, below first-quarter growth of +11%, which benefited from a particularly weak 2003 first quarter, while the 2003 second quarter was strong. Organic volume growth in the Americas was +7%, led by stronger volumes in the U.S. import segment. Our operations in Canada produced slightly higher volumes despite aggressive pricing in the value & discount segment. In Western Europe, volume and share gains occurred in most of our markets but organic volume declined -1.8%, mainly due to the termination of a beverage distribution contract in the UK, which will have no impact on EBITDA. Organic volume growth in Central and Eastern Europe was +18%. In Central Europe, the growth of the beer market slowed, and Interbrew's performance was in line with that trend. Both the Russian and Ukrainian operations experienced outstanding year-to-date performances, with volumes and market share showing substantial growth. Organic volume in the Asia Pacific Zone declined -2.8%. In South Korea, due to the economic environment the beer market remained depressed. The 5.9 million hectoliters volume growth in China is mostly explained by the acquisition of the Lion Group, while existing operations recorded double digit organic volume growth...more info

Japan: Japanese beer shipments failed in the first half of 2004 for the third straight year despite favourable weather and against industry expectations, figures from the nation's five main brewers showed on July 12, according to Reuters. The fall could prompt makers such as Kirin Brewery Co. Ltd. to cut their full-year volume outlooks, analysts said. The brewers' combined shipments of beer and the popular low-malt alternative, "happoshu", fell 6.4 % in January-June from the same period a year earlier. That was in spite of expectations of a rebound in May, a year after a higher tax rate for happoshu was introduced. Combined shipments for May fell, however, as Japanese consumers turned increasingly to non-beer alternatives such as "chuhai", a drink based on Japanese shochu liquor and soda water. Daiwa Institute of Research analyst Tsutomu Matsuno said he expected companies to revise down target sales although this would not necessarily affect their profit outlooks. "There won't be that much impact on profits since the companies have a lot of leeway to cut costs such as marketing costs," he said. For the full year, top brewer Asahi Breweries Ltd., known for its flagship "Super Dry" beer, has projected flat growth for its full year beer and happoshu sales volume, after a 2.6 percent fall in 2003. Number-two Kirin has forecast 2004 combined sales to rise 2.2 percent this year following a 7.6 percent slide last year. Both companies said their forecasts remain unchanged at least until August when half-year results are due. Of the two, Kirin had the harder time, with its first-half beer and happoshu shipments falling 6.6 percent, although its market share was little changed at 35.7 percent...more info

Hong Kong: Anheuser-Busch, the world's largest brewer, announced on July 12 it now holds 99.66 % of China's Harbin Brewery Group Ltd. and plans to take the company private. The U.S. brewer, which made a $720 million bid for Harbin, said in a statement that it had received acceptances for 98.81 % of the shares in the offer, or 64.42 % of the Chinese firm's issued share capital. The offer period has been extended until further notice to give shareholders who have yet to accept the offer more time to consider, the statement said. Anheuser-Busch, which won a landmark takeover battle with arch-rival SABMiller for control of Harbin, said Harbin will apply to Hong Kong's stock exchange to delist its shares. Harbin shares have gained 41 % in the past three months on the Hong Kong Stock Exchange. On Monday, Harbin Brewery closed at HK$5.50 (US$0.70) on the stock exchange, down HK$0.05 from the previous trading day. London-based beer maker SABMiller, the world's second largest brewer in volume, had also tried to take over Harbin Brewery but withdrew from the tender process, saying the Chinese company was "not an essential asset at any price." Anheuser-Busch is reportedly paying a fat $720 million for Harbin Brewery, which is among the top five brewers in China, where consumption has surged 40 percent sine 1997 and is expected to grow 6 percent a year for the near future, way above the 1 percent growth in the US market. In addition to the 36 percent stake in Harbin Brewery, Anheuser-Busch holds a 9.9 percent share in Tsingtao Brewery Co., which plans to increase to 27 percent over the next several years. Anheuser-Busch also owns 97 percent of the Budweiser Wuhan International Brewing Co. in Wuhan, China, which produces the Budweiser beer for the China market.

Euro 2004 results: 25 million liters of beer were sold in Portugal during the only period of the Euro 2004. UK sales of beer and lager during the Euro 2004 tournament are 25% higher than those seen at any point during the 2002 World Cup, with kick-off times a big factor, according to TNS Superpanel. TNS are running weekly reports on supermarket beer and lager sales throughout the Euro 2004 competition. In the four-weeks to 20 June 2004, beer sales in Britain have reached their highest level, outside of Christmas sales, for three years. Sales actually dropped very slightly last week – probably a result of specific match schedules and the promotion of 24-pack purchases which meant drinkers stocked up early on in the tournament - but were still well above average weekly sales from last month. The Carlsberg brand is both official sponsor to Euro 2004 and the official beer of the England team, and seems to be reaping the benefits with Carlsberg ranked as the leading brand performer in supermarkets for two weeks running. Other strong performances have been seen in the sales of Budweiser, Stella Artois and Kronenbourg 1664 during the week ending 20 June 2004...more info

United States imports of beer, in hectolitres

from 2002  2003  Change, % 
 Mexico  11,509,730  11,997,923  4.2% 
 Netherlands  6,894,989  6,967,088  1.0% 
 Canada  3,974,368  3,893,284  -2.0% 
 Germany  1,442,217  1,402,651  -2.7% 
 Ireland  711,608  958,829  34.7% 
 United Kingdom  1,179,724  952,662  -19.3% 
 Belgium  162,817  225,310  38.4% 
 Czech Republic  174,441  164,126  -5.9% 
 Jamaica  132,780  159,659  20.2% 
 Dominican Republic  135,714  137,585  1.4% 
 Poland  56,346  99,096  75.9% 
 Italy  75,246  87,331  16.1% 
 Total 26,449,980  27,045,544  2.3% 


Malt News

USA: Now, after a major construction project, the Anheuser-Busch plant south of Idaho Falls will be able to double its malt-barley production. Idaho is the second largest producer of malt barley in the United States, Idaho News posted on July 8. Work is finished on the multi (m) million dollar expansion at the malt plant. The facility can now buy more barley from local growers and produce 16 (m) million bushels of malt per year. The plant employs 59 workers. The construction put in an additional 25 (m) million dollars of revenue into the local economy. Anheuser-Busch says the farm income generated by these grower contracts is 73 (m) million dollars. Last Saturday, Anheuser-Busch celebrated its expansion with state and county leaders and local barley growers on the grounds of the malt plant.

EU: Good malt export figures did not improve the market mood, analysts have recently revealed in a statement. According to them, the threatening overcapacity and the market power of the large brewery groups did not allow an improvement of prices. Quantities of malt purchased in June for delivery in 2005 were very substantial, buyers were Interbrew for Germany, Kronenbourg, Carlsberg-Holsten, Brau+Brunnen. Prices were below EUR 250, average price for the year, delivered breweries.

Barley News

France: The content of protein in French barley is heterogeneous, generally ranging between 10,5% and 12%, according to the first estimation of the barley harvest in France. Calibration is sometimes disappointing, in particular for Esterel, analysts revealed in a statement.

China imported 1.014 million tonnes of barley in July – April 2004, of which 623,000 tonnes from Australia and 253,000 tonnes from Canada. It is still uncertain, whether some or even many shipments of Australian and Canadian barley in container were not registered in the import statistics, according to analysts’ statements. Forecasts are that China will need to import 1.8 – 2.0 million tonnes in the calendar year 2004.

In Denmark planted acres of spring barley are around 580,000 ha, however, harvested acres are estimated at 520,000 ha, because Danish farmers will cut 50-60,000 ha for green fodder.

Theoretical malt prices.
  EURO = USD 1.2412 July 13, 2004 
Crop year  2003 
Parity  FOB Antwerp 
Position  July 2004-Sept 2004 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  248.50  308.50  263.50  327.00  260.00  322.50  269.50  334.50 
2RS  Prestige  246.00  305.50  261.00  324.00  257.50  319.50  267.00  331.50 
2RS  Aspen  245.50  304.50  260.50  323.50  257.00  319.00  266.50  330.50 
2RS  Optic  245.50  304.50  260.50  323.50  257.00  319.00  266.50  330.50 
2RS  Astoria  244.50  303.50  260.00  322.50  256.50  318.00  266.00  330.00 
2RS  Cork   244.50  303.50  260.00  322.50  256.50  318.00  266.00  330.00 
2RS   Average price  246.00  305.50  261.00  324.00  257.50  319.50  267.00  331.50 
2RS  FAQ  243.50  302.50  258.50  321.00  255.00  316.50  264.50  328.50 
6RW  Esterel   238.50  296.00  253.50  315.00  250.00  310.50  259.50  322.50 
Asia Malt 70/30  243.50  302.50  259.00  321.50  255.50  317.00  265.00  328.50 
**  Asia Malt 50/50  242.50  300.50  257.50  319.50  254.00  315.00  263.50  327.00 

* - 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 2004 are available online
www.e-malt.com/MarketPrices

Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2412 July 13, 2004 
 Crop year   2003   2004 
 Parity   FOB Creil   FOB Creil 
 Position   July 2003   July 2004 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  113.00  140.50  123.00  153.00 
2RS  Prestige  111.00  138.00  121.00  150.50 
2RS  Cellar  110.50  137.50  120.50  149.50 
2RS  Aspen  110.50  137.50  120.50  149.50 
2RS  Optic  110.50  137.50  120.50  149.50 
2RS  Astoria  110.00  136.50  120.00  149.00 
2RS  Cork   110.00  136.50  120.00  149.00 
6RW  Esterel   105.00  130.50  105.00  130.50 

nq - Not quoted

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

Graph of the week
Agenda

July 2004:
VI Moscow Beer Festival;
Lucky Baldwin's IPA Festival;
BevTek / BrewTek China;
Vermont Brewers Festival;
BEVTECH 2004 Thailand;
INTERNATIONAL QUALITY GRAINS CONFERENCE;
World Brewing Congress 2004;
Hop, malt and beer of Russia Exhibition;

August 2004:
Great British Beer Festival;
Worcester Beer and Cider Festival;
BeerTek China Beer and Brewing Technology Exhibition;
Peterborough Beer Festival 2004;
FOODWORLD Food and Beverage Exhibition;
TecnoBebida Latin America International Exhibition of Technologies for the Beverage Industry;

September 2004:
6th BELGIAN BEER WEEKEND;
China Brew 2004 / China Beverage 2004;
International Brewery and Soft Drinks Industry Exhibition;
FOOD & BEVERAGE PROCESSING & PACKAGING INDONESIA 2004;
Pivoindustria International Beer Industry Exhibition;
National Beer Wholesalers Show 2004;
PAN ASIAN FOOD & BEVERAGE TRADE SHOW 2004;
Barley Malt Quality Evaluation Short Course;
EUROMALT BARLEY SEMINAR 2004;
bevex Beverage Trade Fair;
InterBev 2004;
YUGOSLAVIA INTERNATIONAL FAIR OF FOOD & BEVERAGES 2004;
BevExpo 2004;
Great American Beer Festival;

More events are available on site e-malt.com

Copyright © E-Malt s.a. 2004