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March 15, 2019
 

China Broiler Weekly:  Prices rally on strengthened demand (week ended Mar 8, 2019)

 

An eFeedLink Exclusive

 

Price summary

 

Prices rise prominently.

 

 


Market analysis


AA broiler


AA broiler prices rebounded strongly by 11% as demand increased while supplies of finishing broilers from large-scale farms dwindled.
 

Day-old chick rallied to the range of RMB8.90-9.20/bird amid supply scarcity.
 

China breed broiler


The quantity of fast-growth native broiler was tight, pushing price to surge 10% over the week in review. However, farmers were not keen to expand flock, hence softening chick prices to RMB1-2/bird.
 

Hybrid broiler prices weakened 1.3% on soft demand. On the contrary, chick prices strengthened RMB0.20-0.25 to RMB1.10-1.15/bird.
 

 

Market forecast


AA broiler market is poised to strengthen as the prices of AA chicks are as high as broiler prices. Moreover, with the hog disease rampant, wary consumers will increase the intake of chicken, hence helping to boost the demand for AA broiler.


AA chick prices are seen firm unless hatcheries increase production significantly.
 

Native broiler markets are seen firm, helping to underpin chick prices.
 
RMB=US$0.1490 (Mar 15)

 


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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