China Piglet Market Weekly
23 September 2006CHINA - In this weeks China Piglet Market Weekly, eFeedLink report that China's piglet prices mostly higher on increased buying interest in the week ending Sep 21st, 2006.
Price summary
China's piglet prices were sharply higher in the south as farmers were active in taking up supplies in the week ending Sep 21. However, prices were only up slightly higher in the north as concerns over pig diseases had somewhat affected buying interest.
Market analysis
Key characteristics of China's piglet market during the week under review were as follows:
As hog inventories are currently low, market participants generally expect hog prices to improve further. In anticipation of high profits ahead, more hog raisers in southern China were reinvesting their current profit to replenish piglet stocks. Farmers' confidence was also restored after authorities there were able to contain the recent outbreak of pig disease.
Despite strong demand from buyers in the south, analysts say that actual delivery volume was not as high as expected. In Guangdong, authorities there had banned the delivery of crossbreed sows and piglets from some northern commercial farms to prevent any spread of the disease to the province. Market forecast
Concluding, analysts say that buying interest in China's piglet market are seen to rise further as hog prices look set to make more gains in the near term. Hog raisers in the north are also likely to increase their buying of piglets if the pig disease situation there is brought under control.
© 2000 - 2012. 5m Publishing, Benchmark House, 8 Smithy Wood Drive, Sheffield, S35 1QN, England.