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December 5, 2008
 
China Piglet Weekly: Piglet prices firmer amid stronger hog demand (week ended Dec 4, 2008)

 

An eFeedLink Exclusive
 

 

Price summary

 

Prices were higher in most regions.

 

Weekly transacted prices of piglets in China

Region

Provinces

Lowest price as of Dec 4(RMB/kg)

Highest price as of Dec 4 (RMB/kg)

Average price (RMB/jin)

Lowest price as of Nov 27 (RMB/kg)

Highest price as of Nov 27(RMB/kg)

Average price(RMB/kg)

Average price change(RMB/jin)

North China 

Hebei

5.00

9.40

6.26

5.00

9.40

6.24

0.02

Henan

6.40

10.65

6.21

6.19

10.39

5.94

0.27

East China 

Shandong

4.78

6.98

5.54

4.68

6.84

5.40

0.14

Jiangsu

4.55

6.95

5.98

4.45

6.85

5.87

0.11

Central China

Hunan

11.20

14.95

10.97

10.40

13.95

10.03

0.94

South China 

Guangxi

10.45

14.29

11.08

10.15

13.89

10.76

0.32

 

Guangdong

10.80

14.85

11.30

10.50

14.55

11.04

0.26

Southwest China 

Sichuan

6.90

9.62

6.87

6.30

8.92

6.21

0.66

(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$0.1453 (Dec 5)

 

Market analysis

 

Piglet prices in China rose in tandem with live hog prices. Replenishment interest picked up but was not especially strong. In regions such as Hunan and Sichuan where price increments were greater, some buyers withheld further replenishments  to observe the market trends.


Meanwhile, sow-culling rates fell significantly as piglet prices firmed up.

 
 

Market forecast

 

It is likely that piglet replenishment activities may gain momentum in the coming weeks.

 


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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