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November 7, 2008
 
China Piglet Weekly: Sluggish demand weakens prices further (week ended Nov 6, 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 Nov 6

Highest price as of Nov 6

Average price (RMB/jin)

Lowest price as of Oct 30

Highest price as of Oct 30

Average price (RMB/jin)

Average price change (RMB/jin)

(RMB/jin)

(RMB/jin)

(RMB/jin)

(RMB/jin)

North China

Hebei

5.00

9.80

6.73

5.00

10.00

6.91

-0.18

Henan

6.15

10.60

5.90

6.18

10.65

5.92

-0.02

East China

Shandong

4.60

6.70

5.35

4.60

6.80

5.45

-0.10

Jiangsu

4.50

6.90

5.96

4.50

7.00

6.08

-0.12

Central China

Hunan

10.50

14.00

10.13

10.63

14.20

10.37

-0.24

South China

Guangxi

10.14

13.84

10.73

10.14

13.78

10.68

0.05

Guangdong

10.32

14.20

10.72

10.32

14.10

10.65

0.07

Southwest China

Sichuan

5.90

8.50

6.64

5.90

8.60

6.72

-0.08

(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$0.1466 (Nov 7)


 

Market analysis

 

Piglet prices weakened in most regions.


Demand was sluggish despite falling disease infection rates. Rearing profits remained slim.
 

Farmers were only interested in replenishing larger piglets weighing 250-400 grammes or above as they would mature in time for the Spring Festival in January (falls on January 26, 2009).

 
 

Market forecast

 

Near term piglet prices are expected to remain weak amid gloomy market outlook.



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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