August 29, 2018
China Broiler Weekly: Native broiler prices surge 45% since June (week ended Aug 17, 2018)
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Prices moved higher.
As slaughterhouses increased stocks, prices of AA broiler rose nationwide even though supplies of finishing broiler expanded. Compared with the previous week, average price of AA broiler were higher by 3.6%.
While farmers prepared for pre-festive markets during late September, chick prices surged to as high as RMB5/chick in some regions, dampening the buying interest of farmers. By end of the week, day-old chicks were priced in the range of RMB4.30-4.50/chick, higher by MRB0-30/chick compared with a week ago.
China breed broiler
Prices of fast-growth China breed broiler increased for the sixth consecutive week, rising another 2.3% amid robust demand. In Guangdong, as live poultry markets resumed operation after the disinfection exercise, slaughterhouses restocked depleting inventories eagerly.
Prices of hybrid broiler rose as well, albeit at a slower pace of 1.9%.
Chick prices stayed strong as native broiler farmers were encouraged to expand inventories amid high profitability.
Broiler markets will stay strong with the support of pre-Mid-autumn Festival stockpiling. However, as fast-growth native broiler prices have surged a whopping 45% since bottoming in June slaughterhouse will turn cautious.
RMB=US$0.1466 (Aug 29)
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