February 13, 2018
China Broiler Weekly: Prices tumble in China amid increased supply, flat demand (week ended Feb 7, 2018)
An eFeedLink Exclusive
Prices moved lower.
Prices of AA broiler plunged 6.1% as demand for chicken was slower than expected while farmers released inventories eagerly in anticipation of a weaker post-festive market.
Chick prices were higher by RMB0.20-0.70/bird, rising to RMB2.3-2.70/bird amid tight availability.
China breed broiler
Prices of fast-growth native broiler slid for the consecutive fifth week, dipping almost 5% on average. Even though supplies were limited, prices continued to fall amid lacklustre demand.
Pen expansion interest was poor as farming profits shrank, hence driving down day-old chick prices.
Broiler markets are expected to weaken in the days prior to the Chinese New Year holidays as slaughterhouses limit stockpiles. This will hamper the sales of chicks, putting a lid on the prices.
RMB=US$0.1581 (Feb 13)
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