China's Pork Price Update - Prices Lower in Most Parts of The Country
CHINA - Wholesale pork prices in China's farm products markets saw mixed movements of late, with most parts of the country registering significant falls.
1 December 2004
3 minute read
Analysts attributed the recent decline in pork prices to the following factors:
Strong demand had pushed pork prices up significantly in the first half of this year. With higher profit margins, farmers have actively increased their hog inventories. The live hogs raised in the previous season are now ready to be slaughtered. November and December are the traditional peak season for live hog slaughtering in China. Pork prices have fallen as a result of the higher slaughtered output;
Current pork supply in China far exceeds the market demand. There has not been an increase in consumers' buying propensity. This is not helped by pork prices continuing to hover at high levels, making it less competitive when compared with prices of other livestock products;
Lower refrigeration costs during transportation and storage in the winter season also help to lower pork prices.
Concluding, analysts expect pork prices in China to continue hovering at current high levels in the weeks ahead. Anticipated increase in market demand during the approaching festive season in January and February will sustain prices at current levels or may even give pork prices a boost.
|
Wholesale Pork Prices in Farm Products Markets in China | |||
|
Region |
November 8, 2004(RMB/kg) |
November 29, 2004(RMB/kg) |
Price Changes (RMB/kg) |
|
Beijing |
11.80 |
11.65 |
-0.15 |
|
Shijiazhuang, Hebei |
14.00 |
13.30 |
-0.70 |
|
Datong, Shanxi |
10.40 |
9.60 |
-0.80 |
|
Binzhou, Shandong |
14.00 |
15.00 |
1.00 |
|
Changzhou, Jiangsu |
14.40 |
13.00 |
-1.40 |
|
Guantao, Hebei |
13.00 |
13.00 |
0.00 |
|
Taigu, Shanxi |
11.60 |
11.20 |
-0.40 |
|
Fengxian, Jiangsu |
13.00 |
13.60 |
0.60 |
|
Fuding, Fujian |
15.00 |
15.00 |
0.00 |
|
Nanfeng, Jiangsi |
18.00 |
16.00 |
-2.00 |
|
Qianjiang, Hubei |
15.00 |
15.00 |
0.00 |
|
Yiyang, Hunan |
15.50 |
15.00 |
0.00 |
|
Luzhou, Sichuan |
12.00 |
13.00 |
1.00 |
| Remarks: Prices indicated above are representative and are for reference only. | |||
Source: eFeedLink - 29th November 2004
