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February 20, 2019

 

China Broiler Weekly: Tight supplies lift price (week ended Feb 15, 2019)

 

An eFeedLink Exclusive

 

 

Price summary

 

Prices were mostly higher.

 

 


Market analysis

 

AA broiler
 

Slaughterhouses held back purchases while the sales of chilled chicken products were slack. Nonetheless, supplies of AA broiler were low due to high releases before Chinese New Year, hence supporting AA broiler prices to climb 4.6%.
 

With production low, AA chick prices rose by RMB0.60-0.80 to RMB7.70-8/chick.
 

China breed broiler


Lacklustre demand dragged down the prices of fast-growth native broiler by 7.4%. Nonetheless, chick prices increased tremendously under tight availability to RMB2-2.80/chick.
 

Meanwhile, low supplies of hybrid broiler pushed prices up by 7.4% lately. Chick prices stayed in the low range of RMB0.70-0.75/chick.
 

 

Market forecast


With sales of chicken products sluggish and supplies of AA broiler expected to increase, prices should soften in the coming week. Chick prices will remain high due to insufficient availability, but are less likely to rise further at current record levels.
 

Native broiler markets are seen stable to weaker amid tepid demand.
 
RMB=US$0.1488 (Feb 20)

 


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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