October 4, 2018
China Broiler Weekly: AA broiler prices plunge on excess availability (week ended Sep 21, 2018)
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Prices fell prominently.
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.
AA broiler market is projected to remain soft as supply exceeds demand, hence hampering chick sales.
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