News

& Commentary

February 10, 2022

AgriBriefing’s Price Reporting Businesses Receive Independent Assurance of IOSCO Compliance

February 10, 2022, London – AgriBriefing, the largest global independent pricing and market data group for the agri-food sector, is pleased to receive third-party assurance of IOSCO compliance for two of its companies, Urner Barry and Feedinfo. 

Urner Barry and Feedinfo have both successfully completed an independent review of their price reporting methodologies and control procedures undertaken by auditor BDO. The Type 1 assurance reports, which examined key benchmark price indices across both companies, confirm that Urner Barry and Feedinfo’s processes are aligned with the International Organization of Securities Commissions (IOSCO) Principles for Price Reporting Agencies (PRAs).

IOSCO is the international body that brings together the world’s securities regulators and is recognized as the global standard setter for the securities sector. IOSCO’s PRA principles ensure the integrity of price assessment functions and the reliability of assessed prices. 

 

“Our clients require the highest quality information to effectively conduct their business and navigate the supply chain,” said Urner Barry CEO, Joe Muldowney. “This independent assurance review reflects the pledge we undertake to provide them with robust, independent, and accurate market coverage.”  

“Adherence to the IOSCO Principles really is the gold standard for Price Reporting Agencies (PRAs),” said AgriBriefing Europe MD, Julien Hardwick. “I’m delighted that Feedinfo is able to deliver high-quality price assessments across Europe, Asia and North America, and I look forward to developing our service further over the coming year.”  

AgriBriefing CEO, Rory Brown added “PRA’s are an important part of the efficient functioning of any commodity marketplace. They provide independent, trusted benchmarks for a wide range of traded products and shed light on global markets which are huge, but often opaque.
For many decades Urner Barry and Feedinfo have been the ‘go to’ reference sources for their sectors. Now, with the formal audit of our methodologies, governance structures and assessment processes, the entire supply chain can take even greater confidence from the independence and integrity of our pricing data.”

The following Urner Barry price assessments were included within the scope of the report:

Code Urner Barry Prices Name
519 Northeast, Breast Tenders Clipped
21626 WOG Chickens 3-3.5lbs, Northeast
7675 Nest Run-Breaking Stock, 48-50 lbs.
6659 Liquid Yolk, Unpasteurized
3555 East Coast Spot AuNz Blend Cow 90% East Coast Spot
3612 North American Lobster Tails, 5-6 oz
6510, 6511 Salmon – 2-3- or 3-4-pound, Chilean fresh fillets
1039 Whole Turkey, Toms, East, Frozen, 16 lbs.

The following Feedinfo price assessments were included within the scope of the report:

No.   Price Assessment Name  
1   Europe – Methionine Solid  
2   Europe – Lysine HCl (International Brands)  
3   Europe – Vitamin A 1000  
4   Europe – Vitamin E 50%  
5   Americas – Methionine Solid  
6   Americas – Threonine  
7   Americas – Vitamin D3 500  
8   Asia – Methionine Solid (Export)  
9   Asia – Lysine Sulphate (Export)  
10   Asia – D-Calpan (Export)  

 

To view a copy of Urner Barry’s Assurance report, please click here  

To view a copy of Feedinfo’s Assurance report, please click here  

  

About Urner Barry  

Urner Barry is a business publisher specializing in the reporting of market quotations and news to clients in the poultry, egg, meat, seafood, and related segments of the food industry. Urner Barry offers market reports via fax, e‐mail and internet, as well as books and other media intended to make you a more informed buyer or seller of food products. Find out more

About Feedinfo  

Feedinfo is a provider of feed additives pricing intelligence and information, and supplier of news, insight and scientific knowledge for the global animal nutrition and feed industry. The information and tools held within Feedinfo are designed to support players in the animal feed supply chain in critical decision-making around product and plant development, supplier selection and negotiations, pricing strategy, supply chain and investments.  Find out more

 

Urner Barry Media Contact: Jamie Chadwick │ +1 732-240-5330 │ jchadwick@urnerbarry.com

Feedinfo Media Contact: Jo Goodwin │ +44 7813 360692 │ jo.goodwin@agribriefing.com

To share this story, please choose a platform.
Share on facebook
Share on twitter
Share on linkedin
Share on email
More Recent News
March 28, 2022

Special AgriBriefing Report: the Russia-Ukraine Conflict, and What it Means for Agriculture

December 3, 2021

Webinar Exclusive: Is the Worst Over? Dissecting 2021 Supply Chain Crisis Impacts

November 18, 2021

New Webinar – The Food Cycle: How supply chains are disrupting ag commodity markets

November 18, 2021

The WFA Mentorship Program 2022 is now open

October 1, 2021

AgriBriefing appoints European Managing Director

September 14, 2021

Stratégie Grains will be part of the European Commodities Exchange in Copenhagen