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MARKET
 
April 19, 2017

 

China Broiler Weekly: Prices soft on weak demand (week ended Apr 19, 2017)

 

An eFeedLink Exclusive

 
 

Price summary

 

Prices moved lower.
 
 
 
Market analysis
 
AA broiler
 

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

 

China breed broiler
 

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.

 
 

Market forecast

 
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)


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:
 
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