Sow inventory decreased to 46.86 million head at the end of April
According to 4,000 monitoring sites, domestic sow inventory was 46.86 million heads at the end of April, a 2.2% decrease from March.
Live pig inventory was about 428.5 million heads, deceased 1.3% compared with last month.
Live pig price start to increase quickly form beginning of May, reaching to CNY 14.4/Kg. one important reason for the increase: backlog live pig before Spring Festival was slaughtered during March and April, so slaughter number in May decreased relatively.
It is forecasted that live pig price and profit is breakeven in short term and long term turnover point need further confirmation.
Source: http://www.xinm123.com/html/n-pig/366532.html
Is this possible? China will become the largest corn buyer in 2021
As the eating habit changing, it is said that China corn export volume would exceed Japan, Mexico, and become the largest buyer in 2021.
China was no longer self- sufficient in corn supply five years ago. Before 2009, corn supply could usually satisfy domestic need, except seasons with extreme drought. According to USDA, 2% of Chinese corn consumption depends on export in 2014, and this number is forecasted to reach to 7.2% in 2024.
By then, China will become a huge corn export country, with no doubts, which is exciting good news to USA, Brazil and Ukraine. Labour aging in Northeast China is considered an important reason for decreased corn export.
China corn import is forecasted to exceed Korea in 2018 and exceed Japan in 2021.
Source: http://www.guojixumu.com/news/newshow.html?id=28713
The situation of importation feed and feed ingredient in May 2014
In May 2014, Vietnam imports USD 280 million of feed and feed ingredients, a 0.2% decrease compared with the same period last year. The value of feed imports has reached USD 1.2 billion in five months of this year. The main markets exports this goods into Vietnam are Argentina (28%), The US (18.6%) and China (9.85%).
The volume of soybean imports has reached 197,000 tonnes in May 2014, the value of USD116 million; that make the volume soybean imports in five first month of 2014 to reach 809,000 tonnes, the value of USD 474 million, a 49% increase of volume compared to 2013.
Corn imports have reached 231,000 tonnes in May 2014, the value of USD 59 million. The volume of corn imports in five first months of this year is 2.23 million tonnes, the value of USD 575 million, a 2.7 times higher than the same period last year.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock 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 This email address is being protected from spambots. You need JavaScript enabled to view it.
The price of live pig is VND 55,000 per kg (USD2.75)
From April to now, the price of live pig in the South of Vietnam has increased VND 5,000 per kg to reach VND 55,000 per kg due to scarce supply.
Meanwhile, the price of live pig in the North of Vietnam is lower at VND 10,000 per kg compared with the South; it’s about VND 44,000-45,000 per kg. Therefore, the live pig is transported from the North to the South for providing pork consumption demand.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock 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 This email address is being protected from spambots. You need JavaScript enabled to view it.