April 9, 2019
China Broiler Weekly: Cautious slaughterhouses limit purchases (week ended Mar 29, 2019)
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Prices were mainly stable.
Slaughterhouses limited buying while AA broiler costs were high, hence exerting pressure on markets in several regions. Nonetheless, price falls were marginal as AA broiler farms were reluctant to cut prices amid high chick costs.
On average, AA broiler prices inched lower 0.12% to RMB10.38/kg.
Despite scarce supplies, AA chick prices softened RMB0.20-0.50/chick to settle in the range of RMB8.80-9.20/chick amid cautious demand.
China breed broiler
Slackened demand for live poultry dragged down the prices of fast-growth native broiler by 3.2% to RMB11.25/kg. However, as pen building interest strengthened amid warmer climates, chick prices rose to the range of RMB1.40-2.20/chick.
Prices of hybrid broiler climbed modestly by 2.4% to RMB8.66/kg, supporting chick prices to rise modestly to RMB1.35-1.40/chick
AA broiler farmers will be inclined to lift prices to cover the high cost of chick. This will be supported by tightening availability due to low chick production.
Native broiler markets are seen stable with the support of Qingming Festival buying.
RMB=US$0.1489 (Apr 9)
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