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