Agri Alert Namibia: Meatco News

Monday, November 26, 2012

Meatco News

NEW DELIVERY AGREEMENT TO INCLUDE PREMIUM IN 2013 (E-newsletter 12 October 2012) – Repeating

PROXI

WEEKLY PRICES - WEEK 47-2012

NEW DELIVERY AGREEMENT TO INCLUDE PREMIUM IN 2013

Meatco will implement an updated Delivery Agreement carrying a Delivery Agreement Premium of N$1.50 /kg from 1 January 2013. The new Delivery Agreement aims is to reward producers who are committed and loyal to Meatco and to incentivize planned delivery to Meatco’s abattoirs, which in turn will help the Corporation to plan its operations.

The major changes in the new Delivery Agreement are the introduction of the Delivery Agreement Premium and a change in the length of slaughter periods.

The Delivery Agreement Premium will be fixed annually and is payable to producers who slaughter a minimum of 90% and a maximum of 110% plus 36 of the cattle committed to in the agreement. The premium will be payable above the announced Meatco Producer Price and is fixed at N$1.50 for 2013. Although the Meatco Producer Price is payable on the day of slaughter, the Delivery Agreement Premium will be paid out in the month following the applicable slaughter period.

The lengths of the slaughter periods have also changed. The first slaughter period will run for three months only, from January to March. The second slaughter period will run for five months from April to August. This will allow producers to better assess their marketing position relative to the conditions of brought about by the rainy season. The final period will run for four months from September to December.

Additionally, the merit point will no longer be calculated for every slaughter period, but once annually for the entire year.

The first signing period for new Delivery Agreement starts on 1 November 2012. This is for the slaughter period from January to April. Producers are therefore urged to contact their nearest Procurement Office to sign their Delivery Agreements for the first period of 2013.Delivery Agreement 2013 are now available at our offices. For the 1^st Period 2013 (January to March) we can sign till end of November 2012, only ONE WEEK left for signing.

PROXI

If you wish to sign contract for the 1^st Period 2013, but cannot reach our Offices in time, please complete the form and send it back, by e-mail or fax. Make sure to add the name of the Meatco Official to complete and sign the contract on your behalf.

In case of experiencing problems, please call us for assistance.

WEEKLY PRICES:

Herewith the Weekly Prices for WEEK 47, 26/11/2012 – 2/12/2012.

Above also please find two tables on the Weekly Prices, first a summary on the prices over a period of time during 2011 and 2012. This is the weekly prices announced on the 215kg carcass, including Fat grade 0, 5 and 6, with a Confirmation of ≥ 3, it also serves for weight class 200kg up to 219.9kg. The price increase every 5kg with 5c as from 215kg up to 260kg, as calculated in my second table, with a maximum of 45c.