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Hog prices were lower in most regions.
|Note: Sichuan, Hunan, Henan, Shandong, Hebei, Guangxi, Guangdong, Hubei and Jiangsu are the main hog production regions in China, accounting for 63 percent of the annual local production. |
RMB1 = US$0.1462 (Nov 3)
Hog prices fell in China as consumers avoid meat products amid tainted eggs and dairy products scandals.
Price differences between the central and southern regions of China were insignificant, giving traders little incentive to engage in cross-province trade.
Hog traders in Sichuan continued to import hogs from provinces that were cheaper, putting pressure on the local hog prices.
In Hebei, hog release volume increased as farmers were worried about continual price weakness.
In the near term, hog prices are seen lower as consumers are likely to continue to stay away from meat products.
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