April 12, 2017
China Broiler Weekly: China breed broiler prices soar on growing demand, tight supply (week ended Apr 5, 2017)
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Prices rose further.
Tight availability of AA broiler continued to strengthen prices despite slow demand for chicken products. On average, prices rose 2.6% over the week.
However, as farmers remained cautious, day-old chick prices remained in the range of RMB1.55-2.50/bird.
China breed broiler
As the threat of bird flu disease subsided, demand for live poultries surged, catapulting China breed broiler prices while farmers held back releases. In Guangdong, prices soared a whopping 39% amid inadequate supplies.
Overall, China breed broiler prices increased 17%.
Farmers were more confident to rebuild inventories of native broiler, but remained prudent with the expansion. Prices of day-old chick were therefore stable even as finishing broiler prices rallied.
As prices have increased substantially over the past several weeks, slaughterhouses are likely to limit buying, hence resulting in a downward correction of prices. Nonetheless, with demand recovering and supplies of broilers low due to the bird flu epidemic over the past half a year, the market is expected to strengthen further in the longer term.
RMB=US$0.1450 (Apr 12)
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