January 24, 2019
China Broiler Weekly: Prices plunge as demand shrinks (week ended Jan 18, 2019)
An eFeedLink Exclusive
Prices were mixed.
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.
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)
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