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49/50Weekly Report From Shanghai Joy-food

* : * : admin * : 2020-04-08 9:46:40 * : 0
Please kindly check our Chinese Market Summary below.

1
- The Chicken price in Week 50 was at 7.73RMB/KG, sharply increased, 4.2%higher than last week, 8.1% higher than the same period last month, 10% higher than the same period last year. Due to the low supply of gross chicken, chicken price in China market kept increasing in recent weeks. And because of the good price, slaughter houses sold faster and kept low inventory, which also promote the chicken price to a higher level.

-The price for Chicken Breast and Chicken Whole Legs also raised during these three weeks, from 12.05RMB/KG to 13.65RMB/KG(increased by 13.3%) and from 9RMB/KG to 12.2RMB/KG(increased by 35.6%), respectively.

2
- For week 50, the revenue for raise one chicken was at 3.6RMB; Chick price was at 3.2 RMB/Animal, 14.3% higher than last week, 86% higher than the same period last month, 41.8% higher than the same period last year. The volume of chick has decrease in November, as we predicted, the price increased and it may keep increasing afterwards.

3
- The price for domestic chicken mid joint wings in China market increased rapidly in week 47 to week 50 from 32.2 RMB/KG to 34.6 RMB/KG, increased by 7.4%.

- However, the mid joint wings imported from other countries to China main port dropped, because the processers now mainly use smuggling products, as a result, the price of products in the market approved by PRC was low and the volume was small.

- The price for chicken whole wings in China market increased to 20.1RMB/KG.

4
- The price for chicken paws(big) and chicken paws(small) increased, respectively, from 26.8RMB/KG to 28.1RMB/KG, increased by 4.8%, and from 23RMB/KG to 24RMB/KG, increased by 4.3%, in week 47 to week 50.

- The price for domestic chicken paws(middle) increased from 23.5RMB/KG to 24.6RMB/KG, increased by 4.7%.

- However, the price of the chicken paws from countries approved by PRC was not good as well. The reason are as follow: 1. The big volume from Brazil including bad quality.

influence the price. 2. There are huge amount of smuggling products now. 3. The peak consumption period of chicken paws has already passed.
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