June 12, 2017
China Broiler Weekly: Prices rebound from low levels (week ended May 30, 2017)
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Prices moved higher.
AA broiler prices rebounded from extremely low levels as slaughterhouses took the opportunity to restock depleted inventories. Prices increased 6.6% on average over the week.
Chick prices rose to the range of RMB0.75-1/chick.
China breed broiler
China breed broiler sales strengthened as well, lifting prices higher by 6.1% amid stronger demand.
However, as broiler farmers remained cautious, slow demand for day old chick held prices soft.
Demand for broiler is unlikely to be robust after the Dragon Boat Festival holidays, partly due to lack of festive stimulation and partly because slaughterhouses have stocked ample inventories. Prices are seen weak in the coming weeks amid slow demand.
RMB=US$0.1471 (Jun 12)
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