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 ________________________________ To unsubscribe from the Meat-L list, click the following link: https://listserv.fao.org/cgi-bin/wa?TICKET=NzM2MzIzIGNsYXVzLmRlYmxpdHpAVlRJLkJVTkQuREUgTUVBVC1MIAesz4y9zBd0&c=SIGNOFF ######################################################################## To unsubscribe from the Meat-L list, click the following link: &*TICKET_URL(Meat-L,SIGNOFF);