Meat List is a service of FAO’s Trade and Markets Division
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


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
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Im Auftrag von Meat-Moderator
Gesendet: Freitag, 25. November 2016 10:46
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Betreff: Comment: Meat Price Index
Meat List is a service of FAO’s Trade and Markets Division
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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