November 4, 2008

China Broiler Weekly: Prices drop amid tainted food panic (week ended Nov 3, 2008)

An eFeedLink Exclusive

Price summary
Broiler prices were stable to lower in most regions.


Market analysis
AA broiler
Broiler prices were affected after Hong Kong announced finding traces of melamine in eggs from China. Meat processing plants jumped on the chance to slash prices as farmers eagerly released their inventories fearing that the tainted egg issue might also affects broiler demand.
China breed broiler
Prices of China breed broilers were stable in Guangdong amid tight supply. In Sichuan and Jiangsu, broiler prices also remained stable as there was a lack of mature broilers.
Market forecast
Prices of AA broilers are likely to remain weak with heighten concerns of food safety standards. 

Prices of China breed broilers are seen to remain firm amid tight supply.

RMB1= US$0.1462 (Nov 4)


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