COFCO Jiajiakang (01610) fell more than 3%. As of press release, it was down 3.24% to HK$1.79, with a turnover of HK$42.755 million.
The Zhitong Finance App learned that COFCO Jiajiakang (01610) fell by more than 3%. As of press release, it was down 3.24% to HK$1.79, with a turnover of HK$42.755 million.
According to the news, on June 14, the National Bureau of Statistics announced changes in the market price of important means of production in the distribution sector in early June 2024. Among them, the price of pigs (plus 3 yuan) was 18.6 yuan/kg, up 1.8 yuan per kilogram compared with late May, an increase of 10.7%. Compared with 15.3 yuan/kg in early April two months ago, it increased 21.6%.
According to Heho Futures, the contraction in supply continued to support pig prices in June. The spot price of pigs rose slightly month-on-month, but the spot price of pigs rose to a relatively high level, and enthusiasm to enter the market declined. The weather is hot, pig prices are high, downstream carrying capacity is poor, and pork consumption is poor. Early breeding of sows was eliminated, and the reduction in pig supply will continue to be realized in the future. The medium- to long-term driving force is still there, but considering that short-term consumption is difficult to improve, the pig market continues to fluctuate.
Zhuochuang News predicts that the national market may show a downward, upward, and downward trend in the coming week. On the supply side, pig prices have risen quite a bit recently, the downstream market's acceptance capacity is constantly weakening, and it is more difficult for high-priced pigs to be sold on the breeding side. In order to guarantee a certain amount of sales, farms may cut their prices.