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07

2023

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02

Live Chicken and Young Chicks' Price Increased in China

Source:

OIG+X

Recently, the price of young chicks and chicken meat price fluctuated strongly. After the Spring Festival, the increase of young chicks’ price was further accelerated. From January to the beginning of February, the market price of white broiler young chicks rose from 2.0 yuan to 4.4 yuan, an increase of 120%. Especially the live chicken achieved seven consecutive rises during the Spring Festival holiday, from 4.34 yuan/jin to 4.65 yuan/jin, a cumulative increase of 7.14%.

 

Recently, the price of young chicks and chicken meat price fluctuated strongly.

 

After the Spring Festival, the increase of young chicks' price was further accelerated. From January to the beginning of February, the market price of white broiler young chicks rose from 2.0 yuan to 4.4 yuan, an increase of 120%. Especially the live chicken achieved seven consecutive rises during the Spring Festival holiday, from 4.34 yuan/jin to 4.65 yuan/jin, a cumulative increase of 7.14%.

 

The price of live white broiler rose significantly, with a daily increase of 4.59% in Tangshan, Hebei, and 4.32% in Tianjin. At present, although the slaughtering enterprises, breeding end and terminal consumption has gradually recovered, the number of broilers sold was not large. For the whole poultry market, the situation of phased shortage of broilers still exists.

 

What's more, as schools in most regions were opened, the demand for poultry consumption became more prominent, which became an opportunity to stimulate the price. With the recovery of consumption, the farmers were actively increasing the breeding; also the demand for young chicks was strong while the supply side was tight. So in the later stage, price may fall down as the proportion of breeding chickens of parents in production increases.

 

For the import market, as the widespread of avian influenza virus, some buyers are expecting the increase of poultry products. Recently, we saw the increase of Chinese imported poultry products' price.