The data in this column is summarized by the Xinfadi wholesale market data statistics department after daily statistics of hundreds of merchants in Xinfadi, which is exclusively published in Green Squirrel and reported to the Market Information Department of the Ministry of Agriculture at the same time.
Pork price movements
Last week (April 20-April 26), the average wholesale price of white pigs fluctuated slightly and rebounded slightly. Comparison chart of the average price trend of white pigs in April 2024 and the same period in 2023 (unit: yuan/kg)
On April 26, the average wholesale price of white pigs in Xinfadi market was 18.0 yuan/kg, up 1.98% from 17.65 yuan/kg in the same period last week (April 19), down 4.26% from 18.80 yuan/kg in the same period last month (March 26), and down 1.37% from 18.25 yuan/kg in the same period last year. Week-on-week rose slightly, month-on-month decreased slightly, and year-on-year declined slightly. Prices rose 6.01% year-on-year at the end of last week, turning from a significant increase to a slight decline at the end of last week.
Last week, the slaughterhouses that signed an agreement with the market to link the factory were basically able to enter the market on time, which made the average daily listing volume of white pigs increase significantly compared with last week, and the listing volume of white pigs basically remained stable, which also made the price run relatively stable. The price fluctuations during the week are mainly due to the daily market volume and certain fluctuations, especially in the late part of the week, when a slaughterhouse did not enter the market for several consecutive days, which made the price rebound in the later part of the week. Despite this, the magnitude of price fluctuations has narrowed significantly compared to the previous period.
In the Xinfadi market, when the white pigs entered the slaughterhouse passed the test, these white pigs were hung on a catenary and left to the merchants to choose. Generally speaking, the first white strip to be selected is basically the highest level of white bar, the best quality, the highest price, and the last remaining white bar, basically the lowest level, but also the lowest price. The first white bars to be sold are collectively referred to as the "opening price", and the last white bars to be sold are called the "closing price". Judging from the opening price last week, the price remained basically stable, and the fluctuation range was very small, but the fluctuation of the closing price was slightly more obvious. The opening price remains stable mainly because the price of hairy pigs remains stable, and the fluctuation range is very small; the fluctuation range of the pound price is slightly more obvious and related to the gap between the grades and grades of white pigs, and also related to the listing volume of the day, if the sales speed of the previous day slows down, there are more surpluses in the merchant cabinet, the purchase volume is reduced, and the remaining amount of white pigs is more obvious, which leads to a larger drop in the pound price; Last week's meat price fluctuations, mainly reflected in the pound price, were caused by the mismatch between the market volume of white pigs in slaughterhouses and the demand of merchants.
Judging from the trend of the average wholesale price of white pigs in Xinfadi market last week, it has basically returned to the normal level, on the one hand, the supply of white pigs is relatively stable, and it is relatively sufficient, and the supply capacity of the market is increasing; Therefore, in a short period of time, meat prices will still be in a state of not going up and down, with small fluctuations and slight adjustments.
Egg price movements
In the early part of last week, egg prices fell slightly, rebounded in the middle of the week, and the trend was stable in the latter part of the week.
Comparison chart of the average price of eggs in April 2024 and the same period in 2023 (unit: yuan/kg)
On April 26, the average wholesale price of eggs in Xinfadi market was 7.20 yuan/kg, which was the same as 7.20 yuan/kg in the same period last week (April 19), down 3.74% from 7.48 yuan/kg in the same period last month (March 26), and down 27.20% from 9.89 yuan/kg in the same period last year (April 26). Flat week-on-week, slight month-on-month, and significant year-on-year. Last week, it fell by 29.41% year-on-year, and the year-on-year decline narrowed slightly last week.
At the end of last week, egg prices declined, until the early part of last week, egg prices continued to fall, and in the middle of the week, egg prices rebounded rapidly, and the price stabilized temporarily after the rebound.
In April, egg prices basically remained low, rising and falling, and the range of fluctuations was very small, and it was still in a state of rising and not rising, falling and falling. Even if it fluctuates, it runs according to the network quotes, with only some adjustments to the price from time to time. Some merchants believe that the low egg price before the holiday is related to the recent continuous rainfall in the south, and the southern transportation of northern eggs has been blocked, which has exacerbated the backlog of eggs in the northern producing areas, making it difficult for egg prices to rise slightly significantly before the holiday. Judging from the recent egg supply, some chicken farms in the north are indeed facing greater sales pressure, and some large chicken farms and chicken feed suppliers have frequently promoted eggs to merchants in the market recently, and actively expanded sales channels, which will affect the sales of small and medium-sized chicken farms. As a result, it is felt that the sales pressure faced by small and medium-sized chicken farms is increasing.
Some merchants predict that egg prices may fall after the holiday.
Vegetable price movements
In the early part of last week, the overall price of vegetables showed a steady upward trend, and the price fell back at the end of the week.
Comparison of the weighted average price of vegetables in April 2024 and the same period in 2023 (unit: yuan/kg)
On April 26, the weighted average price of vegetables in Xinfadi market was 3.16 yuan/kg, up 1.28% from 3.12 yuan/kg in the same period last week (April 19), and down 11.24% from 3.56 yuan/kg in the same period last year. Week-on-week (week-on-week) and year-on-year (YoY) decline. At the end of last week, prices fell by 6.31% year-on-year, and the year-on-year decline was significantly magnified last week.
In the early part of last week, the overall price of vegetables continued to rise, the price stabilized in the middle of the week, and the price fell slightly more significantly over the weekend, so that the week-on-week still had a slight increase.
In the early part of last week, the overall price rose, mainly due to three factors: on the one hand, there was a large range of rainy weather in the northern region in the early part of the week, and the harvest of fresh and tender small varieties of vegetables produced in Beijing and surrounding areas was affected, which made the prices of these vegetables, including spinach, cabbage, loose leaf lettuce and Roman lettuce, rise. The price of such vegetables fell back by the end of the week. On the other hand, there was a wide range of freezing rain and snow in mid-February this year, which affected the growth of vegetables that entered the harvest period at that time, and also affected the growth of spring vegetables in the field, so that these vegetables were frozen, and some delayed the planting time. As a result, the yield and quality of vegetables that should have been marketed in large quantities in the near future have declined, or the marketing period has been postponed, which has led to the recent supply chain connection stubble. The more representative ones are cauliflower and cabbage. According to the normal supply chain connection, after the cauliflower in the southeast coastal area is delisted, the supply area will move north to the middle and lower reaches of the Yellow River, including Jiangsu, Shandong, Henan, Shaanxi and other places. Due to the freezing of cauliflowers, which were in the seedling stage at that time, although they are now entering the harvest period, the yield, The quality is not satisfactory, the quality of the cauliflower still needs to be supplied in Yunnan, and the cauliflower in Yunnan has entered the end of the market, the output is insufficient, the quality is also declining, the price of better quality is firm and rising steadily; The last aspect is that the phenomenon of large and small years in some vegetable agricultural production is more fully expressed. In the same period last year, the price of vegetables was low, such as Chinese cabbage, baby cabbage, celery, etc., this year's planting area has been compressed, and the adjustment of the local planting structure is slightly larger, so that the price of such vegetables this year is significantly higher than that of the same period last year, and the price has been maintained at a high level, and there are different degrees of rise last week.
In contrast, the factors that had a greater impact on the price of vegetables last week were mainly the low temperature in the early stage and the slightly larger adjustment of some vegetable planting structures. As for the rain in the early part of last week, it was basically a transient effect, and the impact time was relatively short-lived, and after the rain, the price fell back again. However, the low temperature in the early stage has affected the normal connection of the supply chain, making it difficult for the prices of some vegetables to fall seasonally in a short period of time. To change this situation, you need to wait for the next crop of vegetables to hit the market, which will take a little longer.
However, although the marketing period of some vegetables will be postponed, these vegetables will continue to be listed, and some of the postponed vegetables will be listed after the May Day holiday, and the price will fall again.
Contributed by Xinfadi Market Statistics Department
Editor / Zhang Mingxuan
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