December 27, 2016
China Broiler Weekly: Pre-festive buying lends support to AA broiler market (week ended Dec 21, 2016)
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Prices were mostly stable.
Prices of AA broiler were modestly higher by 0.39% as the demand for chicken products continued to improve with New Year holidays approaching.
While farmers withheld chick purchases, prices tumbled further, settling in the range of RMB0.55-1/bird.
China breed broiler
China breed broiler market remained firm in the north, but weakened in the south with supplies of contract chicken abundant. In Guangdong, prices plunged 7.5% as demand was exceptionally slack.
Day-old chick prices stayed stable at low levels as hatcheries stood firm amid paltry returns.
Supplies of broiler are projected to increase in the coming week, limiting the upward scope of broiler markets. AA broiler prices should stay stable with pre-festive sales steady, but native broiler market is expected to soften on slow sales.
RMB=US$0.1439 (Dec 27)
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