52 Weekly Report from Shanghai Joy-food

* : * : admin * : 2020-04-08 10:03:59 * : 0

Please check the brief report for China market from week 50-52 below.

China

Market in Recent Weeks

-In week 49-51, the China hog price rose from 14.38RMB/KG to 14.92RMB/KG, increase by 3.8%.

-Hog price increase due to the approaching of CNY. The demand increased in these three weeks and the farmers were reluctant to sell out their pigs, so the price increases.

Market in This Week

-In this week, the hog price stabled at 14.86RMB/KG and drop to 14.82 today, 0.67% lower than last week and 17.3% lower than the same period last month.

-The price start becoming stable in a slight downside trend. Although the demand increased due to the approaching of CNY, the supply is also sufficient now.

-The demand and supply is predicted to be keep balancing before CNY, so the price will stay in this level.

China Market conclusion

The market in China was active in the last two weeks, and for this week, the market are now becoming stable.

Price stable and sells OK: Front feet, Hind feet, Ears, Spareribs, Neck bone

Price stable and sells slow: Front Hock

Price low but sells fast: Whole Head, Half Head

Price is not good: Tail bones, Femur bones, Humerus bones, Back bones

Stock Level:

High: Whole Head/ Half Head, Humerus Bones, Femur Bones, Front Hock

Low: Spareribs, Hind Feet

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