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2022

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09

China's White-broiler Production and Trading Market in Aug

Source:

Animal Husbandry Economic Observation;OIG+X

Compared with previous years, Aug in this year saw no obvious upward trend in the chicken price with no significant fluctuations in production and traders' low motivations to stock products.

 

Compared with previous years, Aug in this year saw no obvious upward trend in the chicken price with no significant fluctuations in production and traders' low motivations to stock products.

 

Domestic chicken prices rose and then fell in Aug with basically the same average price as that of last month, up 9.6% year-on-year. Dealers are less motivated to stock products under relatively weak consumer demand, leading to a slight price fluctuation.

 

The white-broiler price rose up in the first ten days of Aug when the market seemed optimistic, while fell in the middle under the expanding epidemic control in some provinces and fewer personnel circulations, then gradually stabilized in the late ten days and purchasing enthusiasm recovered as the school semester approached.

 

Outlook: it's estimated that domestic slaughtering, the supply of chicken and chicks will increase slightly from Sept to Oct. From the perspective of consumption, Sept embraces a new school semester and approaches two traditional holidays, which is conducive to consumption growth. For the market sentiment, producers will adopt a cautious attitude toward increasing production with financial pressures. Overall, the supply and demand of domestic chicken products are in a delicate balance.