May 22, 2018
China Broiler Weekly: Price rebound fails to sustain amid ample supply (week ended May 18, 2018)
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Prices consolidated lower.
AA broiler prices consolidated lower, following the previous week's sharp rebound, as increased availability of contract farming broiler helped to ease the supply tightness. On average, AA broiler prices inched lower 0.63%.
AA chick prices slid RMB0.20-0.50/chick to RMB2.40-2.80/chick as farmers limited buying prudently while broiler prices softened over the week.
China breed broiler
Native broiler markets in the south continued to stay weak, with prices plummeting by as much as 6% in Guangdong. Hence, despite staying stable in the north, overall price of native broiler slid 3% in China.
Prices of fast-growth native chicks slid amid poor buying interest.
Abundant availability of finishing broiler is expected to drag down prices together with slack demand for chicken. Chick markets will remain weak while farmers hold back purchases.
RMB=US$0.1569 (May 22)
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