China Broiler Weekly: Market stays soft amid slack demand (week ended Sep 19, 2017)
An eFeedLink Exclusive
AA broiler market stabilized in the north, but prices slid further in the south with demand sluggish. Compared with the previous week, average price was lower by 2%.
Chick prices were stable to higher in the range of RMB2-2.30/chick. Farmers were not eager to expand inventories in view of weak chicken demand during October and November.
China breed broiler
China breed broiler fell more significantly by 4.6% as demand remained slack. In Jiangsu, prices plunged by almost 8% with supplies in excess.
Chick prices remained firm amid tight availability.
Demand for broiler is expected to be slow with the preparation for the long October holidays ending. Prices are poised to remain weak, exerting pressure on the chick market together with increased hatchery production.
RMB=US$0.1516 (Sep 21)
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: http://www.efeedlink.com/eFLResearch
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.