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.
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