Customised market analysis tool

Customised market analysis tool

All levels of the red meat industry now have the ability to access and analyse Meat & Livestock Australia’s (MLA) significant database of market statistics.

MLA has a new online Statistics Database in a new initiative aimed at empowering producers and the wider industry to unlock the potential of this information for their own commercial benefit, and to underpin their business decisions.

MLA manager of market information Ben Thomas said the online tool would allow producers, traders and exporters to access a long-term compilation of industry prices, production and consumption data, as well as price information and trade statistics from a number of key export markets.

“The new database provides users the opportunity to search for specific pricing information, product and trade statistics, that are most relevant to their enterprises,” Mr Thomas said.

“By accessing specific market reports, red meat businesses can make more informed decisions – be that in terms of breeding, buying or selling stock, or exporting product overseas.

“There is huge potential for a wide range of businesses to benefit from this data, resulting in a boost to the productivity of the wider Australian red meat industry.”

Mr Thomas said data would be presented to users based only on their own unique search settings, with the raw markets data, provided by industry, remaining behind secure firewalls to protect privacy.

The database can be accessed here.

First published in Leading Agriculture Issue 11

Feature Image: Ben Thomas