February 17, 2017
China Broiler Weekly: Market pressurised by rampant bird flu outbreak (week ended Feb 15, 2017)
An eFeedLink Exclusive
Prices weakened further.
In the northern parts of China, demand for AA broiler recovered, lifting prices by 4% to 10%. However, in the southern parts of the country, prices continued to fall amid subdued demand due to the bird flu outbreak.
On average, AA broiler prices inched up 0.10% over the week.
Sales of day-old chick fell as supplies increased after Chinese New year holidays while demand remained slack, dragging prices lower by RMB0.50-1/bird.
China breed broiler
After rebounding in the previous week, prices of China breed broiler plunged 5.7%. In the eastern regions, where the bird flu disease was most rampant, prices plummeted 11% as consumers cut chicken consumption.
Chick prices increased, however, as the availability of chicks were limited.
Demand for broiler will stay weak so long as the bird flu epidemic does not subside. Prices are seen soft with broiler farmers eager to release inventories but consumers cutting chicken consumption.
RMB=US$0.1456 (Feb 17)
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