Meat List is a service of FAO’s Trade and Markets
Division
Dear All,
Following the interesting discussion on the FAO International Meat Price Index, I would like to ask members whether they have any suggestions for obtaining
current, representative meat export prices from any of the major exporting (or importing) countries.
As the Index is currently constituted, we have estimate most of the sub-prices , as they are not available by the time the calculation has to be made each month (first Monday of the following month)
to fit in with the publication schedule for the FAO Food Price Index (of which the Meat Index is one element).
This means that we have to make two subsequent monthly revisions, as the published data becomes available. This is very unsatisfactory and we would ideally like to access to accurate prices for the
previous month - as is the case with all other commodities included in the FAO Food Price Index.
Does anyone have any suggestions for sources?
Looking at the message scroll, you will see that we currently use the following sources:
Sources by country:
United States: USDA - average export prices, available with about a 2 month
delay
Brazil:
Integrated Foreign Trade System (SISCOMEX) - average export prices, available with about
a one month delay
Australian and New Zealand: MLA, Meat
and Livestock Australia - usually more or less complete by the time we need to calculate the Index
EU: European Commission
- average export prices for German pigmeat - we usually have 2-3 weeks data by the time we are ready to publish the Index.
Looking forward to hearing from you!
Michael
From: Griffin, Michael (EST)
Sent: 07 December 2016 15:01
To: Meat-Moderator
Cc: Marocco, Emanuele (EST)
Subject: Fw: Comment: Meat Price Index
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
<image002.png>
<image003.png>
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
To unsubscribe from the Meat-L list, click the following link:
https://listserv.fao.org/cgi-bin/wa?TICKET=NzM2MzM0IG1pY2hhZWwuZ3JpZmZpbkBGQU8uT1JHIE1FQVQtTOufnEQO5vne&c=SIGNOFF
To unsubscribe from the Meat-L list, click the following link:
&*TICKET_URL(Meat-L,SIGNOFF);