May 31, 2018
China Broiler Weekly: China-breed broiler prices dip 18% in two months (week ended May 25, 2018)
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Prices were stable to weaker.
AA broiler prices were mixed and moved within a narrow range, moving higher by 0.54% on average. Demand remained flat while supplies increased over the week, but broiler farmers, who were incurring losses, were reluctant to cut prices.
AA chick prices remained stable in the range of RMB2.40-2.80/chick.
China breed broiler
Falling for the ninth consecutive week, prices of native broiler slid 0.52% during the period in review as supply exceeded demand. Compared with late March, native broiler prices were down by 18%.
With chick availability ample and farmers holding back buying, chick prices stayed soft.
Broiler markets are projected to remain stable but prices are less likely to rebound strongly amid abundant availability. Chick prices will remain weak as well while farmers are not motivated to expand inventories.
RMB=US$0.1561 (May 31)
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