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October 31, 2008
 
China Piglet Weekly: Prudent farmers withhold procurements (week ended Oct 30, 2008)

 

An eFeedLink Exclusive
 

 

Price summary

 

Prices were lower in most regions.

 

Weekly transacted prices of piglets in China

Region

Provinces

Lowest price as of Oct 30

Highest price as of Oct 30

Average price (RMB/jin)

Lowest price as of Oct 23

Highest price as of Oct 23

Average price (RMB/jin)

Average price change (RMB/jin)

(RMB/jin)

(RMB/jin)

(RMB/jin)

(RMB/jin)

North China

Hebei

5.00

10.00

6.91

5.00

10.00

6.98

-0.07

Henan

6.18

10.65

5.92

6.18

10.65

6.12

-0.20

East China

Shandong

4.60

6.80

5.45

4.60

6.80

5.53

-0.08

Jiangsu

4.50

7.00

6.08

4.50

7.00

6.17

-0.09

Central China

Hunan

10.63

14.20

10.37

10.63

14.20

10.80

-0.43

South China

Guangxi

10.14

13.78

10.68

10.14

13.78

10.60

0.08

Guangdong

10.32

14.10

10.65

10.32

14.10

10.63

0.02

Southwest China

Sichuan

5.90

8.60

6.72

5.90

8.60

6.76

-0.04

(1 jin = 500g)
Note: Prices are provided by piglet wholesale markets and large farms in China. Prices are for piglets that weigh between 30-40 jin and are for reference only. 
RMB1=US$0.1462 (Oct 31)

 

 

Market analysis

 

Piglet prices fell amid gloomy market outlook.

 

Hog farmers were extremely cautious as rearing returns remained poor. Moreover, they were also concerned about the higher risk of disease infection during wintertime.

 

Consequently, several breeding farms were forced to rear the piglets themselves.

 
 

Market forecast

 

In the near term, piglet prices are seen weaker as demand is likely to remain sluggish.

 


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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