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November 21, 2008
 
China Piglet Weekly: Excess supply, slack demand drive down prices (week ended Nov 20, 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 20
Highest price as of Nov 20
Average price (RMB/jin)
Lowest price as of Nov 13
Highest price as of Nov 13
Average price (RMB/jin)
Average price change (RMB/jin)
(RMB/jin)
(RMB/jin)
(RMB/jin)
(RMB/jin)
North China
Hebei
5.00
9.36
6.27
5.00
9.55
6.45
-0.18
Henan
6.10
10.29
6.52
6.15
10.50
5.85
-0.32
East China
Shandong
4.68
6.80
5.42
4.58
6.70
5.33
0.09
Jiangsu
4.45
6.85
5.89
4.45
6.89
5.92
-0.03
Central China
Hunan
10.40
13.90
10.00
10.42
14.00
10.10
-0.10
South China
Guangxi
10.10
13.80
10.68
10.10
13.80
10.69
-0.01
Guangdong
10.40
14.35
10.80
10.36
14.25
10.75
0.05
Southwest China
Sichuan
6.35
9.00
7.03
5.80
8.50
6.47
0.56
(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$0.1457 (Nov 20)
 
 

Market analysis

 

Piglet prices in China continued to fall over the week as replenishment interest remained weak while hog prices declined.


Hog producers were mostly replenishing for heavier piglets weighing as high as 500 grammes – a sign of sluggish demand for piglets.

 

 

Market forecast

 

Piglet prices are unlikely to pick up in the near term as supply exceeds 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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