DCA-Beursprijs 2.0 a household name for five years
DCA markets
has maintained leading pig quotations in the Netherlands for more than five
years. Every Friday evening the price of live and slaughtered pigs is announced
for the coming week. The official name for this listing is the DCA market price
2.0.
It is a
very important quotation because many use the quotation to settle contracts
with each other. This happens a lot because the quotation is seen as a good
reference price, but also because there is confidence in the method that DCA-Markets
uses when drawing up its quotations.
That method
is precisely defined and accessible to everyone. It also records what happens
if special market conditions arise. These procedures cannot simply be altered.
The same also applies to the specifications of the contract. These must be
announced in advance and presented to the market for consultation. This way,
everyone knows exactly where they stand that where they can rely on.
The price
is determined by a large panel of traders. All of which pass on their price for
standard pigs that they will supply Franco Dutch slaughterhouse in the coming
week. The price also includes freight costs of an average of € 2.50 and
including slaughterhouse costs of an average of € 2.00, excluding surcharges
and discounts, excluding VAT.
This
listing used to be drawn up and maintained by the industry itself. In the
beginning, that was literally in a café in Vleuten where traders met and set a
price. Partly because this is a price for the following week, various
authorities have insisted on a different system in which an independent party
sets the price. That party eventually became DCA-Markets organizing these
activities as a so-called Price Reporting Agent (PRA). This allows the sector
to benefit from independent pricing that makes trading and settlement easy.
DCA-Markets
will continue to monitor and expand these markets. It is also possible to use
DCA-Markets' expertise and its independence to make customized quotations.
Would you like more information about this? Please contact Tim Vrolijk via
mail contact@dca-markets.com or by phone 31 320 269 523