June 12, 2017
China Broiler Weekly: Market resumes downtrend after momentary rebound (week ended Jun 7, 2017)
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Prices were mostly lower.
Diminished demand for chicken products after the Dragon Boat Festival holidays dragged down the sales of AA broiler. Prices weakened in almost all regions, except for the northeast market.
As most AA broiler farms are incurring losses, buying interest of day-old chick was poor. Prices fell to RMB0.60-1/chick.
China breed broiler
Price movements in the China breed broiler markets were drastic. Prices tumbled 5% to 7% in the northern parts of China while sliding over 2% in the south due to dwindling demand. However, in the eastern market, prices surged over 6% over the week amid tight availability.
On average, China breed broiler prices dropped 1.7%.
Meanwhile, chick prices dipped further as farmers limited inventories to reduce risks.
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