China Broiler Weekly: Market stays weak despite price rebound in some regions (week ended Jun 14, 2017)
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Prices of AA broiler stabilized in most regions, despite soft demand, as release volumes decreased. In the northeast regions were availability was tight, prices increased almost 5%. Average AA broiler prices rose by 1.2% over the week.
Even though chick supplies drooped of late as hatcheries cut output, prices fell to RMB0.50-0.80/chick amid lacklustre demand.
Prices of native broiler rebounded in the northern parts of China from exceptionally low levels. However, in the south, prices plummeted 8% to 9% amid sluggish demand, dragging the weekly average price down by almost 5%.
Demand for day-old chick stayed poor, but price falls were limited as hatcheries stood firm amid paltry profits.
The quantity of finishing AA broiler will remain low in the coming week, but prices are unlikely to rise significantly with the demand for chicken products sluggish. China breed broiler market will continue to stay weak due to poor demand for live poultry as the H7N9 bird flu disease seems to make a comeback.
RMB=US$0.1468 (Jun 19)
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