March 1, 2019
China Broiler Weekly: Markets soften amid lacklustre demand (week ended Feb 22, 2019)
An eFeedLink Exclusive
Prices were mostly lower.
Demand for chicken products was weak, hence curtailing the sales of AA broiler. With the operation rates of slaughterhouses substantially below optimum levels, AA broiler prices plummeted 6.9% amid slack sales.
AA chick prices dipped RMB0.30-0.50/chick as farmers turned prudent to RMB7.50-7.70/chick.
China breed broiler
Prices of fast-growth native broiler tumbled another 7% as news of avian flu outbreaks curtailed the sales of the specie. Chick prices slid in tandem to RMB1.30-2.70/chick, lower by RMB0.10-0.70.
Hybrid broiler market remained firm on tight availability, with prices strengthening 4.9% amid tight availability. Chick prices slid RMB0.10 to the range of RMB0.70-0.75/chick.
Slaughterhouses are expected to increase output in the coming weeks, hence lifting the demand of AA broiler. Chick market should stabilise as well.
Prices of hybrid broiler should remain stable whereas that of fast-growth native broiler is seen weak.
RMB=US$0.1492 (Mar 1)
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