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October 19, 2017

 

China Broiler Weekly: AA broiler prices plummet 27% in seven weeks. (week ended Oct 17, 2017)

 

An eFeedLink Exclusive

 

 

Price summary

 

Prices were mixed.

 

 

 

Market analysis


AA broiler


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.

 

 

Market forecast


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)

 


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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