November 1, 2018
China Broiler Weekly: AA broiler prices consolidate after 13% surge (week ended Oct 5, 2018)
An eFeedLink Exclusive
Prices were mixed.
AA broiler prices consolidated lower, after rebounding 13% during the first two weeks of October amid inadequate supplies. On average, AA broiler prices inched down 0.42% as slaughterhouses turned cautious after the prominent price hikes.
Day-old chick prices slid RMB0.10-0.40/chick to the range of RMB5.10-5.40/chick amid prudent demand.
China breed broiler
As the sales of fast-growth native broiler were limited due to the closure of live poultry markets for disinfection exercise in Guangdong, slack demand dragged down the prices by 7.9% over the week. Over the past three weeks, prices of fast-growth native broiler have plunged a whopping 18%.
Chick prices for native broilers dropped RMB0.10-0.60/chick to around RMB1.20/chick as farmers withheld buying.
Prices of hybrid broiler increased 11% over the week, moving higher for the third consecutive week.
Supplies of AA broiler are projected to be low in the coming weeks, lending support to the market. This will help to perk up the prices of chicks in conjunction with limited production of hatcheries.
Prices of native broilers are expected to consolidated within the current range.
RMB=US$0.1436 (Nov 1)
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