Livestock index drop in December: NSA

17 Feb 2015 17:30pm
WINDHOEK, 17 FEB (NAMPA) – The livestock index continued to drop in December 2014 from its peak in October, suggesting a slowdown of farmers’ activities for the festive season, the Namibia Statistics Agency (NSA) says.
The agency said in its monthly livestock report for December 2014 issued on Monday that the livestock marketed composite index fell by 8.6 points in December 2014.
“This represents a decline of 12.0 per cent month-on-month and a decline of 5.9 per cent year-on-year,” it stated.
The highest index of 100.9 basis points was recorded in October, whereas the lowest index of 53.5 basis points was recorded in January during the reporting period.
On average, the livestock marketed index stood at 78.7 basis points in 2014, a decline of 32.8 per cent compared to the 117.0 basis point year-on-year.
In volume terms, the number of livestock marketed stood at 97 021, representing an increase of 47.0 per cent month-on-month and a decline of 12.4 per cent year-on-year.
Meanwhile, the index of cattle abattoirs and butchers declined to 37.9 basis points in December 2014, representing a reduction of 40.9 basis points. This represents a decline of 51.9 per cent month-on-month and a decline of 22.2 per cent year-on-year.
The index of cattle exported on hoof recorded 82.3 basis points in December 2014, representing a decline by 17.3 basis points from a level of 99.6 basis points recorded in November 2014. This figure also represents a decline of 17.3 per cent month-on-month, and an acceleration of 28.7 per cent year-on-year.
According to the NSA, the index of small-stock abattoirs and butchers showed a recovery trend, recording 53.5 basis points in December 2014, gaining 17.7 basis points.
(NAMPA)
PC/ND