AA broiler farms, which were incurring losses, were reluctant to cut prices further. Nonetheless, sales showed little improvement as slaughterhouses limited stockpiles with chicken demand flat and profit margins low.
Average AA broiler prices slid 3.9% to RMB8.83/kg. Over the past four weeks, AA broiler prices have plummeted 11%.
After falling 4% between late January and early February, prices of AA broiler remained unchanged over the past three weeks as markets were closed due to the Chinese New Year celebration.