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May 29, 2013
 
China Piglet Weekly: Robust hog market lifts piglet prices (week ended May 29, 2013)

                                                   

An eFeedLink Exclusive

 
 

Price summary

 

Prices rose significantly.
 

Weekly transacted prices of piglets in China

Region

Provinces

Price as of May 29
(RMB/jin)

Price as of May 22
(RMB/jin)

Price change
(RMB/jin)

North China

Hebei

28.72

26.64

2.08

Henan

29.28

28.08

1.20

East China

Shandong

28.00

26.32

1.68

Jiangsu

27.28

25.40

1.88

Central China

Hunan

28.16

27.00

1.16

South China

Guangxi

28.80

27.20

1.60

Guangdong

29.37

27.66

1.71

Southwest China

Sichuan

28.80

27.76

1.04

(1 jin = 500g)
Note: Prices are provided by piglet wholesale markets and large farms in China. Prices are mainly for piglets that weigh between 30-40 jin and are for reference only.
RMB1=US$0.1630 (May 29)

 


Market analysis

 

Strengthened hog prices boosted the confidence of farmers, who expanded piglet inventories more boldly. With piglet supplies limited due to low conceiving during Q1, and high disease rates earlier, piglet prices increased markedly over the week.

 
 
Market forecast
 

Hog market is expected to stay firm due to the government's pork procurements, helping to push up piglet prices. However, as piglet prices have increased prominently lately, producers who have not recouped losses will be more cautious in expanding herds.


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


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