China Raw Milk Prices: Agricultural and Feed Market Trends for the 2nd Week of September 2024
Source: DairyNews.today
In the second week of September, based on data from 500 county-level agricultural markets and collection points across China (as of September 12), the market saw mixed movements across key agricultural and feed products.
Prices for eggs, egg-layer chicks, broiler chicks, beef, lamb, and soybean meal showed increases, while pork products, corn, broiler feed, and layer chicken feed experienced declines. Notably, prices for chicken meat, raw milk, and fattening pig feed remained stable during this period.
Beef and Lamb Prices
Beef: The national average price for beef rose to 68.32 yuan/kg, reflecting a 0.1% increase from the previous week. However, this figure is down 17.4% compared to the same period last year. In key producing regions such as Hebei, Inner Mongolia, Jilin, Heilongjiang, Shandong, and Xinjiang, the price stood at 57.02 yuan/kg, marking a similar 0.1% weekly increase.
Lamb: The national average price for lamb was recorded at 70.38 yuan/kg, representing a 0.1% weekly increase but a 10% year-on-year decline. In major lamb-producing regions, including Hebei, Inner Mongolia, Shandong, Henan, Sichuan, Gansu, and Xinjiang, the price increased by 0.3% to 64.68 yuan/kg from the previous week.
Raw Milk Prices
The average price of raw milk in the 10 major producing provinces, such as Inner Mongolia and Hebei, remained unchanged at 3.14 yuan/kg compared to the previous week. However, this marks a significant year-on-year decrease of 15.4%, indicating ongoing downward pressure on raw milk prices in China.
Feed Prices
Corn: The national average corn price dropped to 2.51 yuan/kg, a 0.4% decline from the previous week and a sharp 18.2% fall year-on-year. In the key production areas of northeastern China, the price was 2.35 yuan/kg, down 0.4% week-on-week. In the major consumption area of Guangdong, corn was priced at 2.67 yuan/kg, reflecting a 1.1% weekly drop.
Soybean Meal: The average price for soybean meal increased to 3.40 yuan/kg, up 0.6% from the previous week. Despite this rise, prices are down a significant 31.5% year-on-year, highlighting volatility in the feed market.
Overall, while beef and lamb prices saw marginal increases, raw milk prices remained stable, but ongoing challenges are reflected in the substantial year-on-year declines across several key commodities, particularly raw milk and corn, posing potential concerns for producers in the dairy and feed sectors.
Beef and Lamb Prices
Beef: The national average price for beef rose to 68.32 yuan/kg, reflecting a 0.1% increase from the previous week. However, this figure is down 17.4% compared to the same period last year. In key producing regions such as Hebei, Inner Mongolia, Jilin, Heilongjiang, Shandong, and Xinjiang, the price stood at 57.02 yuan/kg, marking a similar 0.1% weekly increase.
Lamb: The national average price for lamb was recorded at 70.38 yuan/kg, representing a 0.1% weekly increase but a 10% year-on-year decline. In major lamb-producing regions, including Hebei, Inner Mongolia, Shandong, Henan, Sichuan, Gansu, and Xinjiang, the price increased by 0.3% to 64.68 yuan/kg from the previous week.
Raw Milk Prices
The average price of raw milk in the 10 major producing provinces, such as Inner Mongolia and Hebei, remained unchanged at 3.14 yuan/kg compared to the previous week. However, this marks a significant year-on-year decrease of 15.4%, indicating ongoing downward pressure on raw milk prices in China.
Feed Prices
Corn: The national average corn price dropped to 2.51 yuan/kg, a 0.4% decline from the previous week and a sharp 18.2% fall year-on-year. In the key production areas of northeastern China, the price was 2.35 yuan/kg, down 0.4% week-on-week. In the major consumption area of Guangdong, corn was priced at 2.67 yuan/kg, reflecting a 1.1% weekly drop.
Soybean Meal: The average price for soybean meal increased to 3.40 yuan/kg, up 0.6% from the previous week. Despite this rise, prices are down a significant 31.5% year-on-year, highlighting volatility in the feed market.
Overall, while beef and lamb prices saw marginal increases, raw milk prices remained stable, but ongoing challenges are reflected in the substantial year-on-year declines across several key commodities, particularly raw milk and corn, posing potential concerns for producers in the dairy and feed sectors.
23.09.2024
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