Platts, part of S&P Global Commodity Insights, has launched new bulk-market price assessments for the protein market in the Americas, Europe, and Asia. These new daily assessments further expand the coverage of the agriculture markets from S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices, and workflow solutions for the commodities, energy, and energy transition markets.
The new price assessments will be available via the newly launched Platts Protein Daily, which will include news, insights, and market fundamentals that inform those assessments.
“We’re excited to be expanding to proteins, with seven new price assessments that will bring much-needed transparency to the wider value chain of our animal feeds coverage of grains and oilseeds, allowing us for the first time to provide the broader spectrum cross-market price fundamentals and insights.” – Platts Insights
Platts Protein Daily will include a new global suite of poultry price assessments for the key cuts of one of the world’s most accessible proteins, chicken, as well as daily price assessments for beef in the United States, Brazil, and Australia:
* Per-capita consumption of proteins is on the rise, and our expansion in protein further demonstrates our commitment to serving the ever-evolving needs of this market. We are not only adding price assessments for key markets but also building out analytics services to help better inform the supply and demand fundamentals that will inform prices going forward.
* Global chicken production is set to increase by 8.97% by 2029, with the most notable increases of 11.48% in China, 8.99% in Brazil, 10.39% in the European Union, and 2.43% in the US.
* Global beef production by 2029 is expected to rise by an average of 7.26%, with the most notable increases in China at 10.67%, Brazil at 9.32%, Oceania at 7.04%, and the US at 5.54%, which will more than offset the decline of 3.77% in the European Union.
On a world per-capita consumption basis, beef is headed for a 4.2% rise by 2029, and chicken meat for a 3.9% rise as global wealth increases and consumer demand shifts to a more protein-rich diet.
Today’s chicken and beef price assessments are aimed at aiding all involved in the related agriculture supply chain, including farmers, producers, traders, processors, and end users.
Platts Protein Daily will be accessible via S&P Global Commodity Insights products, platforms, and services, including Platts Market Data and Platts Analytics.
S&P Global Commodity Insights has been covering agriculture markets for more than 15 years, including Platts’ suite of existing assessments and benchmarks in grains, oilseeds, vegetable oils, animal feed, and plant protein markets.
For more information on S&P Global Commodity Insights’ protein and agriculture offerings, visit: https://www.spglobal.com/commodity-insights/agriculture
