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Market Reports


August 13, 2018

 

China Live Hog Weekly: Tight supply, high pork import tax drive up hog prices (week ended Aug 3, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices moved higher.

 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

12.81

12.59

0.22

Henan

13.10

12.84

0.26

East China

Shandong

13.03

12.87

0.16

Jiangsu

13.46

13.42

0.04

Central China

Hunan

13.00

12.86

0.14

South China

Guangxi

13.16

12.76

0.40

Guangdong

13.53

13.52

0.01

Southwest China

Sichuan

13.02

12.70

0.32

(All prices in RMB/kg)
RMB1=US$0.1453 (Aug 13)

 

 

Market analysis

 

Prices of hog climbed at a slower rate of 1.5% following the previous week's almost 5% upsurge, as buyers turned cautious.

 

Pork carcass volumes dipped 1.95% to 7,527 tonnes in the major markets of China, strengthening the prices by the same magnitude   to RMB17.73/kg.

 

Surging for the fifth consecutive week, hog prices have gained 15% accumulatively.

 

 

Market forecast                                                  

 

China's hog prices will stay firm amid limited supplies. Additionally, with pork subjected to high import tariffs due to the trade war with the US, demand for local pork will pick up, supporting hog prices to strengthen further.

 


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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