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April 12, 2017

 

China Broiler Weekly: Prices consolidate lower in most parts of China (week ended Apr 12 2017)

 

An eFeedLink Exclusive

 
 

Price summary

 

Prices were mostly lower.
 
 
 
Market analysis
 
AA broiler
 

Release volumes of AA broiler remained limited. However, as slaughterhouses held back purchases amid slow demand for chicken products, prices dropped 2.2% on average.

 

In anticipation of weak chicken demand during summer, broiler farms withheld chick purchases, hence driving prices lower to the range of RMB0.90-1.40/bird.

 

China breed broiler
 

Prices of China breed broiler softened in most regions of China. However, high mortality losses and low chick purchases during January resulted in scarce availability in Guangdong, lifting prices by another 18%. On average, native broiler prices increased 4.9% over the week.

 

Meanwhile, surging broiler prices boosted the confidence of farmers, hence helping to increase the sales of day-old chicks.

 
 

Market forecast


Prices of AA broiler are poised to increase at a slow rate as slaughterhouses stay cautious. China breed broiler market should remain stable, but prices in southern China, which are 50% higher than those in the northern provinces, are likely to consolidate lower.
 
 
RMB=US$0.1450 (Apr 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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