Chicken Weekly Report W2 from Shanghai Joy-food

* : * : admin * : 2020-04-08 9:50:13 * : 0
Please kindly check our Chinese Market Summary below.

- The Chicken price in Week 2 was at 8.08RMB/KG, with m-o-m growth rate of 4.53%, and y-o-y growth rate 0.3%. Price increased to 8.25RMB/KG due to the lack of living chickens last month and then return to 7.71RMB/KG in Week 1. The domestic chicken supply is going to return to normal level in January, but chickens are rather in smaller size because of the appeared disease. The price for chicken is predicted to be stable afterwards.

- For week 2, the revenue for raise one chicken was at 3.1RMB; Chick price was at 2.4 RMB/Animal, with m-o-m growth rate of 80%, and y-o-y remain the same. Due the stable supply and steady.
price for chicken, the chick price is predicted to decrease afterwards.


- The price for chicken mid joint wings in China market increased rapidly from week48 to week 51 from 32.6 RMB/KG to 34.6 RMB/KG, increased by 6.1%. And then dropped to 33.3RMB/KG in Week2, decreased by 3.76%.
- The price for chicken whole wings in China market increased to 20.10RMB/KG and decreased slightly to 20RMB/KG in recent weeks.

- The price for chicken paws(big), chicken paws(middle) and chicken paws(small) increased, respectively, from 27.00RMB/KG to 28.10RMB/KG, increased by 4.1%, from 23.8RMB/KG to 24.6RMB/KG, increased by 3.4%, and from 23.2RMB/KG to 24RMB/KG, increased by 1.7%, from Week 48 to Week 51.

And then all the paws decreased after week 51 mainly due to the stable supply of living chicken, which decreased to 27RMB/KG, 23.2RMB/KG and 22.1RMB/KG.