China Broiler Weekly: Prices tumble under bird flu scare (week ended Jan 17, 2017)
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Prices moved lower.
As the H&N9 bird flu disease continued to spread, even the sales of AA broiler were affected. This further weakened the demand for chicken products, which was already sluggish due to the poor economic situation in China. Consequently, Prices of AA broiler dropped a prominent 4.7% over the week.
As hatcheres slashed output, prices of day-old hicks surged RMB0.80-1/bird to the range of RMB1.25-1.92/bird despite soft demand.
More live poultry centres were closed as the bird flu epidemic worsened. Demand for China breed broiler plummeted, dragging prices sharply lower by almost 11%.
Day-old chick prices stayed stable with supplies limited.
Broiler demand will stay weak in the coming week as consumers are wary of the bird flu disease. Prices of broiler will fall further amid poor demand, limiting the upward scope of chick markets.
RMB=US$0.1456 (Jan 19)
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