November 7, 2016
China Broiler Weekly: AA broiler prices stay firm (week ended Nov 3, 2016)
An eFeedLink Exclusive
Prices were mixed.
Increased demand for chicken products helped to perk up the prices of AA broiler, which increased1.2% compared with the previous week.
However, as farmers continued to incur losses, chick prices fell by RMB0.30-0.50/bird to RMB2.10-3.25/bird.
China breed broiler
China breed broiler prices weakened further by another 2% over the week, as demand showed little improvement. Chick prices stayed soft as a result of poor replenishment interest.
Broiler prices should gain stability as farmers who are suffering losses will limit inventories to hold up prices. However, prices are less likely to rise prominently before December due to unimpressive demand.
RMB=US$0.1476 (Nov 7)
eFeedLink offers monthly China hog and poultry market trackers, including analyses and on-the-ground information from Guangxi, Guangdong, Hunan, Hubei, Sichuan, Jiangsu, Henan, Shandong, Hebei and the whole of China. These provinces cover at least 70% of the total hog, poultry and related feed production or consumption in China. For more information, visit: /eFLResearch
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.