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December 1, 2016
 

China Broiler Weekly: China breed broiler prices close to record lows (week ended Nov 30, 2016)

 

An eFeedLink Exclusive

 
  

Price summary

 

Prices remained weak.

 
 

 

Market analysis


AA broiler


Demand for chicken products improved lately, helping to stabilise the price slide of AA broiler. However, with supplies sufficient and slaughterhouses staying cautious, prices remained soft in some regions.

 

Chick prices increased further at a moderate pace as farmers expand inventories in preparation for January’s festive market. Prices were in the range of RMB2.40-3.35/bird, up by RMB0.10-0.45/bird.

 
China breed broiler


With demand sluggish, prices of China breed broiler plunged in Guangdong and Jiangsu, falling 9% and 10% respectively. Hence, even as markets stayed stable in other regions, China breed broiler price dipped over 5% on average, approaching February 2014’s historic lows.

 

Prices of day-old chick remained soft amid poor buying interest.

 


Market forecast

 
Prices of AA broiler are seen stable in the coming period as buyers increase stocks in the period leading to New Year holidays.
 

For native broiler, prices should stabilise after falling 9% over the past three weeks.
 

RMB=US$0.1452 (Nov 30)


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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