February 16, 2018
China Broiler Weekly: AA broiler market weakens further; China breed broiler market rebounds (week ended Feb 14, 2018)
An eFeedLink Exclusive
Prices were mixed.
Slack demand for chicken before the Chinese New Year continued to drag AA broiler prices down, albeit at a slower pace of 3.9%. Farmers released chickens anxiously despite tumbling prices, knowing well that the market would weaken further after the holidays.
Even as AA broiler prices plummeted, chick prices strengthened further by RMB0.50-0.70/chick with the support to tight availability.
China breed broiler
Rebounding by 1.9%, China breed broiler market ended its five-week plunge, which dragged prices down by 10%. While supplies of native broilers dwindled, demand remained stable, hence helping to underpin prices.
Chick prices moved within a narrow range amid cautious demand.
Broiler markets will be closed for a week as China celebrates Chinese New Year. After the hiatus, the market is traditionally stays weak amid lacklustre chicken demand.
RMB=US$0.1581 (Feb 14)
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