China Broiler Weekly: Market shows signs of recovering (week ended Aug 24, 2016)
An eFeedLink Exclusive
Prices were mostly higher.
With the demand for chicken products improving, prices of AA broiler strengthened, albeit modestly.
However, buying interest for day-old chicks were stable in the range of RMB3.15-3.70/bird
Prices of China breed broiler were mixed, rising in the north where demand expanded amid dropping weather temperatures, but falling in the south and east amid increased releases.
Chick prices were higher as farmers rebuilt inventories while floods subsided.
Demand for chicken products should increase further in September as Chinese consumers prepare for the celebration of the Mid-Autumn Festival. Nonetheless, cautious mood will keep price increases slow, particularly during early parts of the month.
Chick prices are seen stable to lower as broiler farmers stay prudent in anticipation of soft demand during October and November.
RMB=US$0.1500 (Aug 26)
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