September 15, 2011

 

US pork exports to China rise in the first seven months

 

 

US pork exports in China recorded a cumulative volume of 200 million pounds in the first seven months, a five-fold increase on-year, according to China Business News, citing the USDA.

 

China has become US' fifth largest market for pork exports.

 

Domestic supply of pork was very tight prior to the Mid-Autumn Day festival, causing pork prices to rise. The retail prices of beef and mutton also increased slightly, according to the data from China's Ministry of Commerce.

 

The price of pigs for slaughter was RMB19.4 (US$3.03) per kilogramme on September 9, 2011, a 55.4% on-year increase, according to data from Zhongke Yiheng Agriculture Information Technology Research Institution. The price of pork rose 64.3% on-year to RMB30.86 (US$4.83)  per kilogramme on September 9, while piglet prices surged 127.5% on-year to RMB45.57(US$7.13) per kilogramme. The price of a sow leaps 35.3% on-year to RMB1,943 (US$303.80) per hog on September 9. 

 

Domestic pork output was 50.7 million tonnes in 2010, with 667 million pigs sold for slaughter. China imported 91,000 tonnes of pork from the US in the first seven months of 2011, equivalent to only a very small proportion of China's total pork output in 2010.

 

An Analyst from Zhongke Yiheng said domestic demand for pork is still booming at present, and that the number of pigs sold for slaughter will increase. The selling price of pork may fall in H2.

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