November 18, 2008
China Broiler Weekly: Sluggish market drives prices lower (week ended Nov 18, 2008)


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Price summary


Broiler prices were lower in most regions.


Market analysis


AA broiler


AA broiler prices continued to decline as buyers bargained aggressively while the market looked bleak.


Prices of day old broiler chicks also fell after rising recently amid poor domestic and export demand. The replenishment interest which seemed to have rekindled lately had again died down.


China breed broiler


Prices of China breed broilers were mixed.


In the north, demand perked up slightly as the impact of the contaminated eggs incident subsided.


In other regions, prices fell amid increased supplies and slack market demand.


Market forecast
Broiler prices are expected to decline further under sluggish demand.


RMB1= US$0.1465 (Nov 18)


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