May 4, 2012
China Broiler Weekly: Slaughterhouses limit production, broiler prices stay weak (week ended May 3, 2012)
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Prices stayed weak.
Slaughterhouses continued to limit broiler procurements. Hence, prices of broiler stayed soft over the week even as supplies were low. Broiler farmers were therefore cautious in expanding inventories, resulting in lower prices of day-old chicks.
China breed broiler
Even in south and east China, where markets were on the rise previously, prices of China breed broilers stayed flat amid waning demand. In the northern regions, prices continued to slide.
Adverse weather in the south dampened the confidence of farmers, hence decimating the demand for day-old chicks.
Broiler and chick markets are expected to be weak after the holidays amid reduced post-festive demand.
RMB1=US$0.1588 (May 4)
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