January 14, 2019
China Broiler Weekly: Markets start new year on a weak footing (week ended Jan 4, 2019)
An eFeedLink Exclusive
Prices moved lower.
Demand for AA broiler was flat entering January as slaughterhouses limited purchases. Prices were lower by 2% on average.
As AA chick market resumed trading after New Year holidays, strong demand drove prices up by RMB0.20-0.70/chick to RMB4.50-4.90/chick.
China breed broiler
Prices of fast growth native broiler increased modestly in Guangdong but remained soft in Jiangsu. Chick prices were stable to higher as some farmers expanded inventories, albeit cautiously.
Meanwhile, prices of hybrid broiler dipped 2%, dragging chick prices considerably lower.
Prices of AA broiler are seen firm with the quantity of finishing birds low, whereas those of native breeds will be weak under flat demand.
Low production of AA chick will hold prices strong as more farmers are projected to build inventories.
RMB=US$0.1478 (Jan 14)
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