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November 14, 2008

 

China Piglet Weekly: Weaker prices amid lacklustre demand (week ended Nov 13, 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 13(RMB/kg)

Highest price as of Nov 13 (RMB/kg)

Average price (RMB/jin)

Lowest price as of Nov 6 (RMB/kg)

Highest price as of Nov 6(RMB/kg)

Average price(RMB/kg)

Average price change(RMB/jin)

North China 

Hebei

5.00

9.55

6.45

5.00

9.80

6.73

-0.28

Henan

6.15

10.50

5.85

6.15

10.60

5.90

-0.05

East China 

Shandong

4.58

6.70

5.33

4.60

6.70

5.35

-0.02

Jiangsu

4.45

6.89

5.92

4.50

6.90

5.96

-0.04

Central China

Hunan

10.42

14.00

10.10

10.50

14.00

10.13

-0.13

South China 

Guangxi

10.10

13.80

10.69

10.14

13.84

10.73

-0.04

 

Guangdong

10.36

14.25

10.75

10.32

14.20

10.72

0.03

Southwest China 

Sichuan

5.80

8.50

6.47

5.90

8.50

6.64

-0.17

(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$0.1464 (Nov 14)
 
 

Market analysis

 

Piglet prices continued to decline amid lacklustre replenishment interest. Situation was worse in some northern provinces where swine fever broke out.

 

Meanwhile, sow inventories dwindled as farmers discarded sows but desisted from replenishments.

 
 

Market forecast

 

Near term piglet prices are seen stable to lower amid sluggish demand.

 

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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