China Broiler Weekly: Markets consolidate prices (week ended Jul 11, 2017)
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AA broiler markets weakened in most regions, except in the east where supplies of finishing broiler were tight. On average, prices inched lower 0.23% over the week.
The demand for day-old chick was inconsistent, falling during the period in review. Chick prices were lower by RMB0.50-0.60/chick, settling in the range of RMB0.80-1/chick.
China breed broiler prices dropped over 3% on average in the northern parts of China, but rallied in the east and southern regions. In particular, scarce availability sent prices of native broilers in Guangdong soaring 26%.
On averages, China breed broiler prices were higher by 5.7%. However, chick prices remained flat amid poor buying interest.
AA broiler prices will likely consolidate around current levels with demand slack. China breed broiler prices are seen soft as the recent week’s rise was mainly due to Guangdong market's strong upsurge, which is less likely to sustain.
RMB=US$0.14675 (Jul 13)
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