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| Date: | Tue, 29 Nov 2016 13:59:28 +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/>
Dear David Michael and other list members,
I think part of this could be a conversion from domestic prices into USD and due to the depreciation of most currencies against the USD the x-rate plays against the domestic price developments.
But not to the extent that the FAO price index shows. So I would agree with Michael.
please see the chart we did in agri benchmark beef and Sheep network showing this effect for the producer beef prices in most countries.
Countries with a frame show the same direction of price movements in domestic and USD-terms. In all others, the x-rate change overcompensates the domestic increase of prices.
best regards, Claus
[cid:image001.png@01D2470C.2D897B10]
[cid:image002.png@01D2470C.2D897B10]
Dr. Claus Deblitz
Stellvertretender Institutsleiter / Deputy Director
Coordinator agri benchmark Beef and Sheep / agri benchmark Pig
Von: Forum on national and international markets for livestock and meat products [mailto:[log in to unmask]] Im Auftrag von Meat-Moderator
Gesendet: Freitag, 25. November 2016 10:46
An: [log in to unmask]<mailto:[log in to unmask]>
Betreff: Comment: Meat Price Index
Meat List is a service of FAO's Trade and Markets Division<http://www.fao.org/economic/est/est-commodities/meat/en/>
Hi Emanuele,
The FAO meat list provides and interesting perspective of international prices. But domestically it seems to me there can be another picture. I have just taken a brief look at the bovine prices in your index which shows a decrease from 231 in 2014 to 213 in 2015 and 192 in October this year. Over this same period domestic beef and veal prices in Australia have increased almost 10% in every quarter since 2014, as measured by Australian Bureau of Statistics. The FAO Index uses Australian cow export meat prices to the US. I am wondering whether or not domestic prices could be included in the FAO index and how difficult it would be?
Regards
David Michael
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