December 22, 2020

China Native Broiler: Festive demand perks up prices (week ended Dec 18, 2020)

Up for the third week, fast-growth native broiler prices strengthened amid robust demand as Chinese prepared for the celebration of Winter Solstice Festival.

Compared with October's lows, fast-growth broiler prices have surged 22%.

However, chick sales were flat as farmers, who were cautious of the market, limited stocks. Fast-growth chick prices softened to the low range of RMB0.50-0.60/chick.

Strengthening hog prices, in conjunction with tight availability, will help to underpin the prices of native broilers. Chick prices will stay weak, however, as farmers are not enthusiastic to expand flocks.

Full version of the report will be available at:https://spoutinfo.com/market-forecast-detail/30/32/281/2562

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.