AUSTRALIA: AWB 2010/11 barley pools softer in flat market

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Estimated pool returns (EPRs) for AWB’s 2010/11 season barley pools have declined between zero and seven dollars a tonne for most grades, with the larger falls in eastern Australia where there is more feed grain available and costs to execute cargoes have risen, the company reported on Monday. (more…)

BELGIUM: Duvel Moortgat’s consolidated turnover grew 21,2% in 2010

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In 2010 Duvel Moortgat, Belgian specialty brewer, managed to record “a fine growth”, the company announced on Tuesday. Owing to the relentless attention to quality as well as the efforts and drive made by its staff, Duvel Moortgat managed to register a rise in turnover for nearly all its beers in the priority markets. (more…)

Graincrop buys Kirin malthouse

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GRAINCORP has agreed to buy all shares in malt house operator Kirin Australia from Japan’s Kirin Brewery Company Ltd for $10.55 million. (more…)

Australia. Competition a casualty in beer wars: Xenophon

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Australia’s two major grocers are ”drunk on market power” according to Senator Nick Xenophon, responding to revelations that brewer Foster’s halted shipments when it learned of big supermarkets’ plans to sell slabs of beer below cost. (more…)

SABMiller raises expectations for Africa growth

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At an investor seminar this morning, SABMiller updated its medium term guidance for its Africa division. Expectations for revenue per hectolitre growth have increased from a range of 1 to 3%, to a range of 3 to 5%, subject to currency fluctuations. (more…)