March 22, 2018
China Live Hog Weekly: Prices tumble 16% in three weeks (week ended Mar 16, 2018)
An eFeedLink Exclusive
Price summary
Prices continued to fall.
|
Region |
Province |
Average price this week |
Average price last week |
Price change |
|
North China |
Hebei |
10.56 |
10.72 |
-0.16 |
|
Henan |
10.68 |
11.08 |
-0.40 | |
|
East China |
Shandong |
10.84 |
11.20 |
-0.36 |
|
Jiangsu |
11.33 |
11.54 |
-0.21 | |
|
Central China |
Hunan |
11.39 |
11.57 |
-0.18 |
|
South China |
Guangxi |
11.68 |
12.18 |
-0.50 |
|
Guangdong |
11.65 |
12.14 |
-0.49 | |
|
Southwest China |
Sichuan |
11.91 |
12.08 |
-0.17 |
|
(All prices in RMB/kg) | ||||
Market analysis
Pork carcass sales volume increased 3.2% to 8,512 tonnes over the week. However, that was not enough to stabilise hog prices, which dropped 2.7%. Over the past three weeks, hog prices have accumulatively plummeted 16% amid excess availability.
Market forecast
China's hog market will remain weak in the near term as smaller farms are eager to clear inventories to cut losses. Hog prices are seen weak unless pork imports decrease substantially and demand improves.
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: /eFLResearch
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