May 13, 2004
China's Pork Market Seen to Remain Positive in 2nd Quarter 2004
An Analysis of China's Pork Market in 1st Quarter 2004
An eFeedLink Special Report
Below is an abstract of the report: China's Pork Market Seen to Remain Positive in 2nd Quarter 2004
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China's live hog inventory rose marginally during the first quarter of 2004, while slaughtered hogs and the production of pork showed an upward trend. On the whole, the development of China's pork market remained positive during the quarter.
In the first two months of 2004, China's export of pork products including fresh frozen pork, processed pork, hog entrails and live hogs hit 42,900 tons, while the export turnover reached US$101 million. These figures represent a year-on-year increase of 13.87% and 22.74% respectively. Further breakdown of the export figures show that export volume of fresh frozen pork made up 62.97% of the total export of pork product s and constituted 38.86% of the total export turnover.
A total of 43,600 tons of pork products worth US$31.2788 million was imported to China during the first two months of 2004, representing a year-on-year increase of 2.35% and 11.81% respectively. The import volume of fresh frozen pork made up 53.83% of the total import volume of pork products, while the turnover was 50.24% of the total import turnover of pork products.
From January to February 2004, China's import volume of pork products surpassed the export volume. However, the export turnover was higher than the import expenditure.
During the first two months of 2004, China imported a total of 23,500 tons of fresh frozen pork, registering a remarkable year-on-year increase of 140%. The USA, Denmark and Canada are the largest suppliers of pork to China. During the first two months of 2004, 99.90% of China's imported pork, or 23,400 tons, come from these three countries. China's import of pork from these three countries registered a year-on-year increase of 184%, 390% and 3.93% respectively.
More contents in this 5-page report include:
1. Analysis of China's Pork Production
2. Imports and Exports of Pork
3. Imports and Exports of Processed Pork
3.1 Increase in Exports of Live Hogs
3.2 Drop in Imports and Exports of Hog Entrails
4. Analysis of Pork Prices in the Chinese Market
4.1 Prices of Live Hogs in Producing Regions Increased by a Greater Margin than Those in the Buying
Regions
4.2 Pork Prices Increased by a Smaller Margin Compared to the Increase in Live Hog Prices
5. Market Outlook for China's Pork Market in 2nd Quarter 2004
5.1 China's Pork Prices Seen to Remain Generally Stable in 2nd Quarter
5.2 Pork Prices in the International Markets Seen to Maintain an Upward Trend in 2nd Quarter
