UiS develops global fish price index

Jan 22, 2010
UiS develops global fish price index
Fish is a bigger traded commodity on the world market than both meat and grain. In 2009 the fish got a representative index thanks to the University of Stavanger’s research community.

A fish price index was employed for the first time in June 2009 by the United Nations’ Food and Agriculture Organization (FAO). Researchers at the University of Stavanger, Norway, have contributed to this pioneering project.

In its quarterly “Food Outlook” publication, the FAO issues a summary of price and production developments for important foodstuffs like meat, rice, grain, sugar and milk. The fish price index - called “FAO Globefish-UiS’ price index” - was included in the June issue in 2009 for the first time.

Behind the “UiS”-part of the name, stands a group of University of Stavanger researchers. The project is headed by professor Frank Asche and former assistant professor Sigbjørn Tveterľs, both key players in producing the index.

Tricky index

Fish is a bigger traded commodity on the world market than both meat and grain. But with its large spectrum of different products, it is also a fragmented commodity. Producing a superior index to encompass all varieties has therefore been a challenging task. In spite of these difficulties, FAO’s has requested a fish price index, similar to those on other foodstuff. Until it is now accepted by the FAO, the job has taken almost four years to complete.

“Bearing in mind that there are several hundred varieties of seafood, we have sought to arrive at a representative index, which will be accepted as a standard by all countries,” says professor Frank Asche.

For the time being, this is a trial project connected to UiS, but the index will later be given a neutral name, he adds.

Having the index accepted is a professional recognition of the University of Stavanger’s research community, Asche thinks. The Food Outlook is distributed to professionals, researchers and politicians worldwide, and is the key information source on global food production and markets.

Explore further: Alleviating pain in cattle suffering from lameness and following castration, dehorning

Provided by University of Stavanger

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Three billion Asians face food crisis threat: research

Oct 28, 2008

(PhysOrg.com) -- The escalating cost of rice and other foodstuffs across Asia could cause the reversal of policy reforms, social unrest and deepening poverty for over 3 billion Asians – according to new ...

Medvedev slams biofuel producers at grain summit

Jun 06, 2009

Russian President Dmitry Medvedev on Saturday urged countries to switch to non-food sources of biofuel to prevent the spread of hunger in a world where every sixth person is malnourished.

Immigrants' new U.S. diets may be bad

Feb 09, 2006

A University of Illinois study suggests coming to 'the land of milk and honey' can be hazardous to new immigrants' diets and health.

MIT commercial property price index posts record drop

Aug 03, 2009

(PhysOrg.com) -- Transaction prices of commercial property sold by major institutional investors fell by 18 percent in the second quarter of 2009, according to an index developed and published by the MIT Center ...

Recommended for you

Flapping baby birds give clues to origin of flight

13 hours ago

How did the earliest birds take wing? Did they fall from trees and learn to flap their forelimbs to avoid crashing? Or did they run along the ground and pump their "arms" to get aloft?

User comments : 0