China Broiler Market Weekly - CHINA - In this weeks China Broiler Market Weekly, eFeedLink report that prices of fast growth (49 days) China breed broilers in Guangdong province and Guangxi Zhuang Region were higher in the week ending Mar 29.

Price Summary

Meanwhile, prices of AA broilers in Henan province were sharply lower compared with the previous week. In the other regions, prices were mixed.

Market analysis

Hong Kong authorities resumed live chicken imports from mainland China on Mar 26 and this greatly stimulated demand for broilers from the southern regions. Fast growth (49 days) China breed broilers from Guangdong and Guangxi--which saw sluggish sales previously--were in good demand during the week in review.

Meanwhile, broiler consumption in Henan declined following more discoveries of broiler deaths in several parts of the province. AA broiler prices in the province were sharply lower as broiler processors suspended their procurement activity.

Broiler prices in other provinces moved within a narrow range. In Shandong and Liaoning, broiler prices were stable on low supplies and weak demand from consumers. In some regions of the province, inventories of broiler cuts had remained high.

In Liaoning, broiler supply remained low but demand was even weaker compared with Shandong. Thus, many broiler processors in Liaoning were seen delivering their frozen broiler cuts to Shanghai, Shandong and Zhejiang. In Jiangsu, AA broiler prices closed lower following initial gains after a suspected human bird flu case was reported in Shanghai.

Market forecast

The resumption of live chicken deliveries to Hong Kong on Mar 26 had boosted broiler prices in Guangdong and Guangxi.

Meanwhile, broiler demand in China is expected to improve with the approach of Qing Ming Festival (traditional tomb sweeping day which falls on Apr 5 this year). In the near term, broiler prices are seen stable to higher.

Source: eFeedLink - 30th March 2006