December 28, 2016
China Broiler Weekly: AA broiler market recovers gradually while China breed broiler prices slide (week ended Dec 27, 2016)
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Prices were mixed.
AA broiler market strengthened amid stable chicken demand prior to the New Year holidays. Prices increased at a stronger pace of 1.9% while buyers were more confident to stockpile inventories.
Despite lacklustre demand, chick prices remained stable at RMB0.55-1/bird as there was little scope for hatcheries to cut prices further.
China breed broiler
China breed broiler prices dipped over 2% as reports of new cases of bird flu infection in the southern parts of China slashed demand. Although prices in Guangdong stabilised over the week, poor demand in Jiangsu continued to drag prices down by 5%.
Native day-old chick prices increased as farmers prepared for the Qingming Festival market during March.
AA broiler market should stay stable as slaughterhouses continue to build inventories in the period leading to Chinese New Year. However, with supplies ample and consumers staying prudent, prices are unlikely to surge drastically.
China breed broiler prices will be under pressure as the bird flu cases suppress demand for live chicken, particularly in the southern parts of China.
RMB=US$0.1438 (Dec 28)
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