December 27, 2004

 

 

China's Fresh Frozen Pork Export Revenue Rise Remarkably in the Third Quarter of 2004        

A Review of China's Pork Market Performance in the First Three Quarters of 2004

             
An eFeedLink Special Report                                                                 
                

Below is an abstract of the report: China's Fresh Frozen Pork Export Revenue Rise Remarkably in the Third Quarter of 2004        

 

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In January-September 2004, China exported 293,100 tons, or US$678 million worth of pork products (including fresh frozen pork, processed pork, pig entrails and offal, and live hogs), an increase of 38.24% and 46.41% respectively compared to the same period in 2003. Fresh frozen pork exports accounted for 69.89% of the total pork products exported and 46.62% of the export turnover, while processed pork exports constituted 29.59% of the total pork products exported and 26.94% of the export turnover. Live hog exports made up 26.3% of the total pork product exported.         

 

In the first three quarters of 2004, China's fresh frozen pork exports rose by 40.02% to 204,800 tons, with revenue up remarkably by 76.39% to reach US$316 million compared to the same period in 2003. In January-September 2004, China imported 59,900 tons or US$44.9789 million worth of fresh frozen pork, a fall of 33.39% and 20.44% respectively compared to the corresponding period in 2003.

 

According to industry statistics, the price ratio of live hog to corn in the third quarter of 2004 far exceeded the breakeven ratio of 5.5:1 to reach an average of 6.486:1, a rise of 17.52% compared to the same period of 2003. Profit margins for live hog production in the third quarter of 2004 were the highest in recent years. 

 

 

More contents in this 3-page report include:       

 

I.      China's Live Hog Production Registered Positive Growth

 

II.    China's Exports and Imports of Pork Products

• Exports of Pork Products
  
  
• Imports of Pork Products
  
  
• Fresh Frozen Pork Exports Up and Imports Down
  
  
• Processed Pork Exports Rose and Imports Fell
  
  
• Increase in Live Hog Exports  

III.   Analysis of China's Domestic Pork Products Prices

• Rise in Live Hog Prices
  
  
• Increase in Pork Prices Lower than Live Hog Prices 

IV.    Pork Prices in China Seen to Hover at High Levels in the Fourth Quarter