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November 24, 2011

 

China Piglet Weekly: Dampened confidence impedes demand (week ended Nov 23, 2011)

 

An eFeedLink Exclusive
 

 

Price summary

 

Prices were stable to lower.

 

Weekly transacted prices of piglets in China

Region

Provinces

Price as of Nov 23
(RMB/kg)

Price as of Nov 16
(RMB/kg)

Price change
(RMB/kg)

North China

Hebei

24.84

25.96

-1.12

Henan

26.80

26.80

0.00

East China

Shandong

23.48

24.72

-1.24

Jiangsu

22.32

22.32

0.00

Central China

Hunan

33.92

33.92

0.00

South China

Guangxi

33.67

34.00

-0.33

Guangdong

33.94

33.94

0.00

Southwest China

Sichuan

28.72

29.52

-0.80

(1 jin = 500g)
Note: Prices are provided by piglet wholesale markets and large farms in China. Prices are mainly for piglets that weigh between 15-20kg and are for reference only.
RMB1= US$0.1573 (November 24)


 

Market analysis

 

Piglet market continued to stay weak amid lacklustre demand. Tumbling hog prices, which have fallen by over 15% since late September, dampened farmers' confidence to build inventories. Moreover, piglets purchased now would reach finishing weight only after Chinese New Year, traditionally a lull period for hog market.

 

 

Market forecast

 

Piglet buying interest will remain low in the near term. However, limited availability of piglets will lend some support to the market.

 


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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