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Market Reports


January 24, 2019

 

China Broiler Weekly: Prices plunge as demand shrinks (week ended Jan 18, 2019)

 

An eFeedLink Exclusive

 
 

Price summary

 

Prices were mixed.

 

 

Market analysis
 

AA broiler

 

Famers released AA broilers eagerly, fearing that demand would plummet after the Chinese New Year holidays. Meanwhile, the quantity of contract broilers was ample, hence sending prices plunging a whopping 6.2%.


With AA broiler prices plummeting, sales of day-old-chicks shrank, dragging prices down by RMB0.40-0.70/chick to RMB4-4.30/chick...


China breed broiler

 

Prices of fast-growth native broiler tremendously by 16.5%, as demand tumbled while migrant workers started to leave provinces such as Guangdong and Jiangsu with the Chinese New Year approaching.


With demand weakening, prices of hybrid chicken dropped prominently by 10% as well.


Prices of fast-growth chicks strengthened, however, amid stable flock expansion interest. Those of hybrid chicks continued to drop to extremely low levels.

 

Market forecast

 

As farmers hasten releases while the demand for chicken dwindles, prices of broilers are seen soft in the coming period. This will curtail the demand for day-old chicks as farmers turn cautious.

RMB=US$0.1472 (Jan 24)

 


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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