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December 19, 2008
 
China Piglet Weekly: Farmers withhold replenishments on hog prices concerns (week ended Dec 18, 2008)

 

An eFeedLink Exclusive
 

 

Price summary

 

Prices were stable to lower in most regions.

 

Weekly transacted prices of piglets in China

Region

Provinces

Lowest price as of Dec 18

Highest price as of Dec 18

Average price (RMB/jin)

Lowest price as of Dec 11

Highest price as of Dec 11

Average price (RMB/jin)

Average price change (RMB/jin)

(RMB/jin)

(RMB/jin)

(RMB/jin)

(RMB/jin)

North China

Hebei

5.20

9.58

6.43

5.20

9.58

6.43

0.00

Henan

6.95

11.15

6.79

6.95

11.15

6.74

0.05

East China

Shandong

4.96

7.20

5.72

4.98

7.20

5.74

-0.02

Jiangsu

4.80

7.20

6.21

4.80

7.20

6.20

0.01

Central China

Hunan

11.15

14.45

11.36

11.65

14.95

11.85

-0.49

South China

Guangxi

10.50

13.85

11.60

11.00

14.29

12.12

-0.52

Guangdong

11.40

14.35

13.35

11.90

14.85

13.95

-0.60

Southwest China

Sichuan

6.90

9.60

6.88

6.95

9.62

6.90

-0.02

(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$0.1463 (Dec 19)

 

Market analysis

 

Pork prices fell sharply in Hunan, Guangdong and Guangxi over the week, causing piglet prices in these regions to decline markedly.

 

Piglet replenishments were therefore hampered by the weakening pork prices. Moreover, swine raisers who were pessimistic about the demand after the Spring Festival in late January held back procurements.

 
 

Market forecast

 

Piglet prices are under downward pressure as pork prices have shown signs of weakening.
 


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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