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Date: Fri, 28 Oct 2016 07:50:11 +0000
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Meat List is a service of FAO's Trade and Markets Division<http://www.fao.org/economic/est/est-commodities/meat/en/>

There is another angle of live export with regard to ritual slaughter of food animals. Being a consultant ,Halal Meat & Livestock, it was noticed that in some  countries  exporting live animals there are  highly vocal, significant & effective animal welfare lobbies,  pro-actively involved in the promotion of the export of Halal meat compared to live animals. It is impacting the international trade in live exports. Specially the volumes of Australian  & New Zealand live exports to Middle East Muslim countries fall in this category.
Hamid Ahmad, Islamabad, Pakistan.


From: Forum on national and international markets for livestock and meat products [mailto:[log in to unmask]] On Behalf Of Meat-Moderator
Sent: Thursday, October 27, 2016 6:27 PM
To: [log in to unmask]<mailto:[log in to unmask]>
Subject: Comment: FAO Meat Price Index calculation

Meat List is a service of FAO's Trade and Markets Division<http://www.fao.org/economic/est/est-commodities/meat/en/>

Just an additional comment to reinforce the issue of live animal trade. This trade has been increasing to unexpected levels and nowadays we are seeing countries that restrict imports of beef from a certain origin authorizing the import of live bovine from this same country due to shortage of animals ready for slaughter in the country of destination. There are other countries, and in the EEC we have quite some examples, that are actually stimulating the livestock segment in neighboring countries by means of financing production, providing technical and assuring purchase of live animals in an almost model of international contract farming.

Osler Desouzart

Em 25/10/2016 11:20, Griffin, Michael (EST):
Meat List is a service of FAO's Trade and Markets Division<http://www.fao.org/economic/est/est-commodities/meat/en/>
Hello David,

Thank you for your comments on the Index.  Regarding some of the issues you raise:


Can fish also be included?   This is under consideration.  Fish is covered by a separate division within FAO and perhaps for this reason it was not included in the original Index - which had its origins as a means  of monitoring changes in the basic foodstuffs covered by the Markets and Trade Division (grains and cereals; oilseeds; meat and dairy).  On this point, it is worth noting that a number of important commodities such as eggs and pulses are also not included.  Watch this space!

Live animal trade. The absence of live animal trade which has been growing may bias the index towards those that are not subject to trade in live animals and away from cattle and sheep which are traded live.  I'm not certain that you are correct about the live animal trade growing in importance versus trade in meat; however, if it were true, this in itself might not affect the prices reported (which are selective anyway), as one would expect export prices for meat move in a similar manner to live cattle exports.  If anyone would like to comment on this ... or provide figures .... I'm sure it would be interesting to discuss.



May be useful to update the index base year more regularly, say every 5 years. 2002-04 trade shares are now more than 12 years back.  There has been some discussion on this within FAO; however, for the moment, the conclusion is that 2002-2004=100 is the preferred option - in part because it was a period of uniformly low commodity prices across the board.  Choosing another period where all commodities start from a similar point would be difficult.  Beyond this, I believe many argue that any point within a series has validity as a starting point for an index (whether it is recent or not).  In support of this is the fact that many widely used indices have a starting date some decades ago (FTSE - 3 January 1984;  Dow Jones 26 May 26 1896).



        Having said this, over the years, both the meat and dairy indices have been adjusted to reflect different price sources, in order to better reflect the principal sources of trade or utilise more representative prices.  This process involved merging the two data series.



Additional comments welcome!



Michael


From: Forum on national and international markets for livestock and meat products [mailto:[log in to unmask]] On Behalf Of Meat-Moderator
Sent: 21 October 2016 14:52
To: [log in to unmask]<mailto:[log in to unmask]>
Subject: FAO Meat Price Index calculation

Meat List is a service of FAO's Trade and Markets Division<http://www.fao.org/economic/est/est-commodities/meat/en/>

Thanks Emanuele,

It's a good concept. Comments:


1.       Be useful to show different prices as well as the consolidated index. That is prices for poultry, bovine, ovine and pig. Can fish also be included?

2.       Live animal trade. The absence of live animal trade which has been growing may bias the index towards those that are not subject to trade in live animals and away from cattle and sheep which are traded live.

3.       May be useful to update the index base year more regularly, say every 5 years. 2002-04 trade shares are now more than 12 years back.

Regards
David Michael


From: Meat-Moderator
Sent: 19 October 2016 11:23
To: [log in to unmask]<mailto:[log in to unmask]>' <[log in to unmask]<mailto:[log in to unmask]>>
Subject: FAO Meat Price Index - September

Meat List is a service of FAO's Trade and Markets Division<http://www.fao.org/economic/est/est-commodities/meat/en/>
The FAO Meat Price Index* averaged 163.5 points in September, essentially unchanged from August.  Since January, when it hit a five-year low, the Index has risen by 12.6 percent.  The largest increase for the year so far has been recorded for pigmeat, followed by ovine and poultry meat, while bovine meat experienced only a limited rise.  Firm international demand, in particular from Asia, underpinned pigmeat and poultry meat prices, while reduced international supplies reinforced those of ovine meat.  Meanwhile, a recovery in bovine meat production in the United States has reduced the need for imports, contributing to a restrained international price rise for this commodity.

* Unlike for other commodity groups, most prices utilized in the calculation of the FAO Meat Price Index are not available when the FAO Food Price Index is computed and published; therefore, the value of the Meat Price Index for the most recent months is derived from a mixture of projected and observed prices. This can, at times, require significant revisions in the final value of the FAO Meat Price Index which could in turn influence the value of the FAO Food Price Index.

Price table<http://www.fao.org/fileadmin/templates/est/COMM_MARKETS_MONITORING/Meat/Documents/Meat_tables.pdf>

Kind regards,

Emanuele


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