January 12, 2017
China Broiler Weekly: Lacklustre demand drive down AA broiler prices (week ended Jan 10, 2017)
An eFeedLink Exclusive
Prices were mixed.
Post-New Year demand for AA broiler showed little improvement while supplies of finishing broiler increased. Prices slid 3.8% as a result, averaging RMB6.67/kg. Consequently, day-old chick prices continued to fall RMB0.05-0.30 to a new low of RMB0.35-0.90/bird.
Prices of China breed broiler rebounded almost 4% from low levels as the availability of chicken decreased after the recent hastened releases.
Nonetheless, chick prices remained low amid flat demand.
Demand for chicken products are expected to grow albeit gradually, with Chinese New Year approaching. However, slaughterhouses will limit purchases with confidence in the market low. Broiler prices are therefore unlikely to rise prominently despite pre-festive buying.
RMB=US$0.1447 (Jan 12)
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