October 19, 2017
China Broiler Weekly: AA broiler prices plummet 27% in seven weeks. (week ended Oct 17, 2017)
An eFeedLink Exclusive
Prices were mixed.
AA broiler prices continued to tumble, down by 1.6%, as supply exceeded sluggish post-festive demand for chicken. Over the past seven weeks, AA broiler prices have plunged 27%.
As farmers suffered deficits, sales of day-old chicks were poor, dragging prices down by RMB0.10-0.30/chick to a low of RMB0.45-0.70/chick.
China breed broiler
Despite slow post-festive sales, fast-growth native broiler market strengthened amid limited availability. Rising for the second week, China breed broiler prices increased 3.2% on average.
Nonetheless, farmers were not keen to expand inventories, resulting in lower chick prices.
Sluggish demand for chicken products will continue to weigh on AA broiler prices, putting a lid on the chick prices. However, prices falls of day-old chick will be limited at current low levels.
For China breed broiler, prices are seen stable to lower as buyers limit purchases.
RMB=US$0.1510 (Oct 19)
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