December 27, 2003
Improved Prospects for China's Pork Market; Steady Development Seen for Hog Industry in 2004
An eFeedLink Special Report
Below is an abstract of the report: Improved Prospects for China's Pork Market; Steady Development Seen for Hog Industry in 2004
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China's recent macroeconomic regulations towards imported feed ingredients are likely to help Chinese hog raisers to pull through the difficult times. On the whole, the current hog farming industry in China has undergone a relatively major transformation in three respects.
Hog raisers in China are all well aware of fact that prices of raw materials for feed production determined its profitability. High prices of feed ingredients serve to curtail the number of hog raisers. The price ratio of hog feed to hog meat is a vital indicator of hog farming profitability. The better the management of capital and technical expertise for hog farming, the greater the hog raiser's ability to handle market risks.
According to industry experts, China's hog farming industry holds three aspects of market advantages:
1. Large-scale pork production provides relatively good foundation for development
2. Low costs of live hog production provides a considerable price advantage
3. Abundant resources for hog breeds ensures tremendous developmental potential
