China Live Hog Weekly: Lacklustre pork demand drags down prices (week ended Apr 20, 2017)
An eFeedLink Exclusive
With pork sales sluggish without any festive stimulation, slaughterhouses were not eager to increase inventories. Prices of pork carcass slid to RMB20.35/kg over the week, dragging hog prices down by 1.4%.
Hog market is expected to remain soft amid lacklustre demand. Prices will pick up entering May as the making of dumplings surges with the Dragon Boat Festival approaching.
eFeedLink offers monthly China hog and poultry market trackers, including analyses and on-the-ground information from Guangxi, Guangdong, Hunan, Hubei, Sichuan, Jiangsu, Henan, Shandong, Hebei and the whole of China. These provinces cover at least 70% of the total hog, poultry and related feed production or consumption in China. For more information, visit: http://www.efeedlink.com/eFLResearch
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.