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China

  
January 11, 2018

 

China Broiler Weekly: Further slide in prices on soft demand (week ended Jan 10, 2018)

 

An eFeedLink Exclusive

 
 

Price summary

 

Prices continued to fall.

 


 

Market analysis


AA broiler


Demand for chicken products showed little improvement, prompting slaughterhouses to limit purchases. With the quantity of finishing broiler ample, prices dropped another 2.7% during the period in review.

 

Day-old chick prices softened by RMB0.10-0.20/chick to RMB2-2.20/chick over the week.


China breed broiler


Markets in the south, which stood firm in the previous week, succumbed to the pressure of slack demand. With markets weakening nationwide, China breed broiler prices dropped 2.1%, ending the three-week uptrend.

 

Chick prices were stable to lower amid cautious demand.

 


Market forecast

 
Slow sales will exert pressure on the broiler markets. However, delayed deliveries due to the winter climates will lend support to broiler prices.

 
Chick prices are expected to stay around current levels as hatcheries stand firm.
  

RMB=US$0.1534 (Jan 11)


eFeedLink offers monthly China hog and poultry market trackers, including analyses and on-the-ground information from Guangxi, Guangdong, Hunan, Hubei, Sichuan, Jiangsu, Henan, Shandong, Hebei and the whole of China. These provinces cover at least 70% of the total hog, poultry and related feed production or consumption in China. For more information, visit:
 
http://www.efeedlink.com/eFLResearch


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