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Livestock & Feed Market


October 4, 2018

 

China Broiler Weekly: AA broiler prices plunge on excess availability (week ended Sep 21, 2018)

 

An eFeedLink Exclusive

 

 

Price summary

 

Prices fell prominently.

 

 


Market analysis

 

AA broiler
 

Sales of AA broiler plummeted as slaughterhouses withheld buying after stockpiling ample supplies. This, in conjunction with abundant availability, dragged down AA broiler prices tremendously by 12%.
 

With AA broiler prices plunging, day-old chick prices dipped RMB0.80-1/chick to settle in the range of RMB3.90-4.30/chick.
 

China breed broiler

 

Prices of fast-growth native broiler increased 1.1% amid stable Mid-autumn Festival demand.
 

Meanwhile, hybrid broiler prices dropped a substantial 2.6% amid plentiful supplies.
 

 

Market forecast


AA broiler market is projected to remain soft as supply exceeds demand, hence hampering chick sales.
 

China breed broiler prices are seen soft after Mid-autumn Festival.
 
RMB=US$0.14551 (Oct 4)

 


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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