January 26, 2017
China Broiler Weekly: AA broiler prices plunge 11%, approach historic low (week ended Jan 24, 2017)
An eFeedLink Exclusive
Prices dipped further.
Farmers hastened releases fearing that slack post-festive prices would drive prices even lower. Nevertheless, as consumers cut chicken consumption due to the outbreak of bird flu, slaughterhouses limited purchases despite falling prices.
AA broiler prices tumbled almost 11%, approaching October 2015's historic low.
With broiler prices plummeting, the demand for day-old chick tumbled as well, settling in the range of RMB0.50-1.40/chick.
China breed broiler
China breed broiler prices stabilised from the previous week's sharp fall. However, prices remained at levels unseen in almost four years. Chick prices softened as a result of cautious demand.
AA broiler prices are expected to consolidate lower as pre-festive buying decreases. China breed broiler prices are seen weak with the demand for lilve poultry slack.
Entering February, broiler prices are likely to break new lows amid sluggish post-Chinese New Year demand and reduced chicken consumption due to the bird flu outbreak.
RMB=US$0.1453 (Jan 26)
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