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

 

Hello Lee,

 

Thank you for your question on whether beef exports from Canada, Mexico and New Zealand could be included in the FAO Meat Price Index.  

 

The aim of the Index is to monitor general commodity price trends, rather than provide reference data on individual country's exports.  In choosing which countries to include in the Index,we have concentrated on the largest exporters.  In the case of beef, these are the Brazil, the United States and Australia.  Of course, one country missing by this definition is India, which is a major exporter of bovine meat (in the form of buffalo meat or cara-beef).  So far, we haven't considered including prices from India, as the cara-beef market frequently has different pricing and supply/demand characteristic from the mainstream international bovine meat market, although with increased trade from South America in the past two years there has been increasing competition and overlap between the two markets.

 

In terms of the countries you are interested in, the best suggestion I could offer would be to try to find national sources of information.  For general background information, the USDA's GAIN country reports are very useful.

 

Regards,

 

Michael

 

 


From: Forum on national and international markets for livestock and meat products <[log in to unmask]> on behalf of Meat-Moderator <[log in to unmask]>
Sent: 06 December 2016 14:57
To: [log in to unmask]
Subject: Comment: Meat Price Index

 

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

 

Thank you, Emmanuel.  My main focus is the beef portion and wondering if you include Canada, Mexico, or New Zealand in the numbers, and if not, why, since they are major production and export countries?

 

Again, many thanks.

 

All the best,

Lee

 

 

From: Meat-Moderator
Sent: 05 December 2016 15:15
To: [log in to unmask]
Subject: Comment: Meat Price Index

 

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

 

 

Dear Lee

 

Please find the information you need at the following link: http://www.fao.org/fileadmin/templates/est/COMM_MARKETS_MONITORING/Meat/Documents/Meat_tables.pdf

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.

 

Sources by country:

United States: USDA

Brazil: Integrated Foreign Trade System (SISCOMEX)

Australian and New Zealand: MLA, Meat and Livestock Australia

EU: European Commission

 

Kind regards,

 

Emanuele

 

 

From: Meat-Moderator
Sent: 02 December 2016 15:17
To: [log in to unmask]
Subject: Comment: Meat Price Index

 

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

 

Do you have a link, on your site, to the various pieces of data, by country, that make up the meat index?  If not the actual data, do you have links to where you get the data for each country, as well as exactly what items are being used?

 

Many thanks,

Lee

 

From: Forum on national and international markets for livestock and meat products [mailto:[log in to unmask]] On Behalf Of Meat-Moderator
Sent: Tuesday, November 29, 2016 7:59 AM
To: [log in to unmask]
Subject: Comment: Meat Price Index

 

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

 

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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]
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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