April 5, 2021
China AA Broiler: Market remains weak on poor demand (week ended Apr 1, 2021)
Demand for AA broiler remained weak, hence exerting downward pressure on the market.
Average AA broiler prices slid 3.9% to RMB8.83/kg. Over the past four weeks, AA broiler prices have plummeted 11%.
Even though chick supplies were tight, prices softened amid tepid demand.
Prices of AA chick dropped in the range of RMB4.50-4.90/chick.
Supplies of AA broiler are projected to be low, hence lending some support to the market. However with demand sluggish sharp rebound in prices are less likely.
Full version of the report will be available at: https://spoutinfo.com/market-forecast-detail/30/32/281/3112
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