March 11, 2009

China's broiler output is seen up by a meagre 2 percent due to sluggish sales and increased pork consumption, reports the US Department of Agriculture.

Pork prices will remain sharply lower than 2008 levels which will discourage poultry demand. Rising unemployment among migrant workers, a key segment for low-priced chicken meat is also hampering growth. Lower feed and chick prices in 2009 will help offset reduced broiler returns, notes the USDA.

Imports this year are also seen flat at 399,000 tonnes while broiler exports are also forecasted to drop by 25 percent to 215,000 tonnes due to weak demand in key Chinese export markets.

For more of the USDA report, please click here.