November 28, 2008
 
China Piglet Weekly: Prices rise in some regions (week ended Nov 27, 2008)

 

An eFeedLink Exclusive
 

 

Price summary

 

Prices were mixed.

 

Weekly transacted prices of piglets in China

Region

Provinces

Lowest price as of Nov 27

Highest price as of Nov 27

Average price (RMB/jin)

Lowest price as of Nov 20

Highest price as of Nov 20

Average price (RMB/jin)

Average price change (RMB/jin)

(RMB/jin)

(RMB/jin)

(RMB/jin)

(RMB/jin)

North China

Hebei

5.00

9.40

6.24

5.00

9.36

6.27

-0.03

Henan

6.19

10.39

5.94

6.10

10.29

5.83

0.11

East China

Shandong

4.68

6.84

5.40

4.68

6.80

5.42

-0.02

Jiangsu

4.45

6.85

5.87

4.45

6.85

5.89

-0.02

Central China

Hunan

10.40

13.95

10.03

10.40

13.90

10.00

0.03

South China

Guangxi

10.15

13.89

10.76

10.10

13.80

10.68

0.08

Guangdong

10.50

14.55

11.04

10.40

14.35

10.80

0.24

Southwest China

Sichuan

6.30

8.92

6.21

6.35

9.00

6.30

-0.09

(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$0.1465 (Nov 28)

 

Market analysis

 

While market sentiments remained weak generally, hog farmers in some regions started replenishing in anticipation of the higher demand in the period prior to the Spring Festival which falls in end January.
 

Meanwhile, inventories of breeding farms remained high especially in regions where replenishments failed to pick up. 

 

Market forecast


More hog farmers may start procuring piglets in the near term in preparation for the higher pork demand in the months ahead. 


 
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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