October 25, 2011
China Broiler Weekly: Market slow to recover (week ended Oct 25, 2011)
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Broiler prices were stable to lower.
AA broiler prices dipped further amid ample supplies and poor chicken product sales early in the week. Price declines, however, slowed by weekâ€™s end as slaughterhouses raised purchase prices to reduce farmersâ€™ losses and spur replenishment to ensure future broiler supplies.
Meanwhile, day-old chick buying picked up slightly as integrators moved to stock up inventories for New Year holiday demand.
China breed broiler
China breed broiler prices were stable to slightly lower over the week, while buying interest for day-old chicks remained weak.
Broiler prices are expected to stay soft in the near term given slack demand for chicken products.
RMB1=US$0.1566 (Oct 25)
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