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March 12, 2018

 

China Broiler Weekly: Markets recover from post-festive lows (week ended Mar 6, 2018)

 

An eFeedLink Exclusive

 

 

Price summary

 

Prices were stable.

 


 

Market analysis

 

AA broiler
 

Recovering from post-festive lows, AA broiler prices increased 2.2%. However, as the demand for chicken was not exceptionally strong, prices of AA broiler stayed below RMB8/kg in most regions.
 

Chick prices slid RMB0.10-0.30/kg, but remained in the high range of RMB3.20-3.50/kg.
 

China breed broiler

 

As demand recovered more strongly, prices of fast-growth native broiler rose at a faster rate of 4.4% compared with that of AA broiler. This helped to prop up day-old chick prices over the week.
 

 

Market forecast


Supplies of broilers are expected to increase gradually in the coming weeks, However, sales of chicken products will likely remain slow during this time of the year, hence exerting pressure on the broiler market.
 

Limited availability will lend support the prices of day-old chicks.
 

RMB=US$0.1579 (Mar 12)

 


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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