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Market Reports


September 13, 2017

 

China Broiler Weekly: AA broiler prices sharply lower as supply exceeds demand (week ended Sep 12, 2017)

 

An eFeedLink Exclusive

 

 

Price summary

 

Prices dipped further.

  

 

Market analysis


AA broiler

 

Supplies of finishing broiler increased while demand waned as slaughterhouses limited purchases after securing ample stocks. AA broiler prices plunged 11% on average, with prices in the northern parts of China generally plummeting 14%.
 

Demand for day-old chicks was soft, but prices consolidated higher following the previous week's sharp fall. Over the week, chick prices increased RMB0.20-0.30/chick to settle in the range of RMb1.70-2/chick.

 

China breed broiler

 

As buyers turned cautious, China breed broiler market ended its nine-week rally, which saw prices rise a whopping 77%. Nonetheless, with the availability of finishing broiler remaining tight, price falls were limited to 1% on average.
 

High prices of native broiler strengthened the confidence of farmers, lending support to the chick market. Prices of day-old chick remained firm during the period in review.

 

 

Market forecast


AA broiler prices should recover from the sharp plunge, although the price rebound is expected to be limited due to subdued demand. China breed broiler market will stay stable on the back of low availability.
 

RMB=US$0.1531 (Sep 13)

 


eFeedLink offers monthly China hog and poultry market trackers, including analyses and on-the-ground information from Guangxi, Guangdong, Hunan, Hubei, Sichuan, Jiangsu, Henan, Shandong, Hebei and the whole of China. These provinces cover at least 70% of the total hog, poultry and related feed production or consumption in China. For more information, visit: http://www.efeedlink.com/eFLResearch


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