November 14, 2008
China Piglet Weekly: Weaker prices amid lacklustre demand (week ended Nov 13, 2008)
An eFeedLink Exclusive
Price summary
Prices were lower in most regions.
|
Weekly transacted prices of piglets in China | ||||||||
|
Region |
Provinces |
Lowest price as of Nov 13(RMB/kg) |
Highest price as of Nov 13 (RMB/kg) |
Average price (RMB/jin) |
Lowest price as of Nov 6 (RMB/kg) |
Highest price as of Nov 6(RMB/kg) |
Average price(RMB/kg) |
Average price change(RMB/jin) |
|
North China |
Hebei |
5.00 |
9.55 |
6.45 |
5.00 |
9.80 |
6.73 |
-0.28 |
|
Henan |
6.15 |
10.50 |
5.85 |
6.15 |
10.60 |
5.90 |
-0.05 | |
|
East China |
Shandong |
4.58 |
6.70 |
5.33 |
4.60 |
6.70 |
5.35 |
-0.02 |
|
Jiangsu |
4.45 |
6.89 |
5.92 |
4.50 |
6.90 |
5.96 |
-0.04 | |
|
Central China |
Hunan |
10.42 |
14.00 |
10.10 |
10.50 |
14.00 |
10.13 |
-0.13 |
|
South China |
Guangxi |
10.10 |
13.80 |
10.69 |
10.14 |
13.84 |
10.73 |
-0.04 |
|
　 |
Guangdong |
10.36 |
14.25 |
10.75 |
10.32 |
14.20 |
10.72 |
0.03 |
|
Southwest China |
Sichuan |
5.80 |
8.50 |
6.47 |
5.90 |
8.50 |
6.64 |
-0.17 |
| (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$0.1464 (Nov 14) | ||||||||
Market analysis
Piglet prices continued to decline amid lacklustre replenishment interest. Situation was worse in some northern provinces where swine fever broke out.
Meanwhile, sow inventories dwindled as farmers discarded sows but desisted from replenishments.
Market forecast
Near term piglet prices are seen stable to lower amid sluggish demand.
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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