China Broiler Weekly: Prices soft on weak demand (week ended Apr 19, 2017)
An eFeedLink Exclusive
Broiler releases increased from extremely low levels while slaughterhouses withheld buying with the sales of chicken products slow. Consequently, AA broiler prices slid for the consecutive second moth, falling 1.8% on average.
Prices of day-old chick moved in a narrower range of RMB0.95-1.25/bird as farmers expanded stocks prudently
Guangdong's native breed broiler market remained strong amid tight availability. However, prices consolidated lower in other regions, hence limiting the overall price rise to less than 3%.
Chick prices surged over the week as farmers built inventories amid stronger confidence.
As supplies of finishing broiler recovers from post-Chinese New Year lows, the upward scope of AA broiler market will be limited amid soft demand for chicken products.
China breed broiler prices are seen stable to higher due to tight availability and recovering demand for live poultry.
RMB=US$0.1453 (Apr 19)
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