November 23, 2011
China Broiler Weekly: Prices stable as buyers stock inventories (week ended Nov 22, 2011)
An eFeedLink Exclusive
Broiler prices were stable.
AA broiler prices moved within a narrow range after the recent week's rise. In Liaoning, where availability was tight, slaughterhouses offered higher prices to secure supplies.
As broiler farmers expanded inventories in preparation for the pre-Chinese New Year demand during January, day-old chick prices strengthened further.
China breed broiler
Supplies of China breed broiler were limited, supporting the market to stay firm even though some slaughterhouses attempted to lower prices.
Prices of day-old chick were stable over the week.
Slaughterhouses and meat processors will continue to accumulate stocks in anticipation of higher chicken demand in December and January. Prices of broiler are therefore seen stable or higher.
RMB1=US$0.1572 (Nov 23)
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.