Five main pig farm area`s price trend analyses in China
In recent years people have been advocating less meat and more vegetables in a healthy diet, but the meat is still the main source of animal protein our people. According to A kung of land price quotation show that the average six months of lowest price is in June 30 (6.275 CNY / kg), the highest price is on August 27 (7.66 CNY / kg), Since early September pig prices steady decline.
Mathematics and systems science research institute of the Chinese academy of sciences Xiu-li Liu said China is the world’s largest pigs producer, accounting for about half of the world’s pig production; in our food consumption of urban and rural residents, pork products accounted for more than 60% of total meat; In 2006, Sichuan, Human, Henan, Shandong, Hubei, Guangdong, Hebei, Guangxi, Jiangsu and Anhui pig production occupies the national top 10. These region live pig market accounted for 72.6% of the national total. On this basis, through the main five areas` around 2 days the price data extraction and analysis, we can see the highest average price of live pigs is in Hunan province. A local transient market price to various areas, the highest is 7.3 CNY.
Henan region minimum price no big differences, possibly because producing area is relatively concentrated, quote difference was mainly caused by the pig species. And Hebei region price is lowest in five areas, the average price is 6.45 CNY, the lowest price is 6.1 CNY, has a certain price advantage. Compared with other regions, Hebei is closer to Beijing and Tianjin market, its advantage is more obvious.
Today pig prices rose slightly, but the rate of increase in the short term is unlikely. Pig alternative products are mainly sheep, cattle and other meat products, a kung “price quotes” shows six months in addition to individual time points, sheep prices stabilized at 12 ± 0.8 CNY / kg, beef cattle prices stable at 8.9 ± 0.1 CNY / pounds, very stable and indicating that the market may have reached a balance between supply and demand. The above factors comprehensively, the future pig prices are most likely to be in the mid to late January will force a rise, but because of the major producing areas likely to focus on the end of the slaughter season, the rate of increase will not be too large, may stop at about 7.2 CNY.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email:michael@aartd.com
