December 6, 2004
Poultry Meat Prices in China Strengthen in 3rd Quarter 2004
A Review of China's Poultry Meat Market Performance in the First Three Quarters of 2004
An eFeedLink Special Report
Below is an abstract of the report: Poultry Meat Prices in China Strengthen in 3rd Quarter 2004
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In the 3rd quarter of 2004, prices of slaughtered chicken (western packaged) in China have increased by 8.93% from the second quarter's level, to RMB 10.86 /kg, up year-on-year by 16.99%. At RMB 19.66 /kg, China's average price of live chicken in the 3rd quarter registered a year-on-year rise of more than 10% in its twenty-eight provinces, and an average increase of 10.27% was seen in most parts of the country compared to the 2nd quarter of 2004.
China exported US$428 million and imported US$135 million worth of poultry products during the first three quarters of 2004, down by 27.06% and 59.21% respectively compared with the same period in 2003. The accumulated net value of China's exports of poultry products for the period was US$293 million.
China's imports of poultry meat and entrails during the first three quarters of 2004 totaled 153,300 tons, or US$127 million, down year-on-year by 66.34% and 60.52% respectively. A total of 85,100 tons, or US$105 million worth of poultry meat and entrails were exported from China during the same period, accounting for 24.47% of the total worth of China's exports of poultry products, a fall of 50.55% versus the same period in 2003.
China's exports of processed poultry during the first three quarters of this year totaled 91,200 tons, or US$300 million, down year-on-year by 17.84% and 7.63% respectively. Its processed poultry were mainly exported to Japan, Hong Kong and South Korea, which together, accounted for US$292 million, or 97.51% of the total worth of China's processed poultry exports.
More contents in this 4-page report with price movement graphs include:
I. China's Poultry Production Recorded Recovery Since September
II. China's Imports and Exports of Poultry Products in the First Three Quarters
- Drop in Exports and Imports of Poultry Meat and Entrails
- Fall in Exports of Processed Poultry
- Decline in Exports of Live Poultry; Imports of Breeder Poultry Reduce
III. Analysis of China's Domestic Prices of Poultry Products
- Prices of Poultry Meat
- Prices of Slaughtered Chicken (Western Packaged)
- Prices of Live Chicken
- Prices of Broiler Day-old Chicks
- Prices of Broiler Complete Feed
IV. Market Outlook for the 4th Quarter
