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China - Economic expert says chicken prices uncertain due to H7N9 - farm incomes down 68.7% in first 5 months of 2013 as industry lost "tens of billio

sharon sanders

Editor-in-Chief & President
machine translation

Academy Deputy Director: Broiler prices are still large uncertainties
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2013/09/11 14:31

Great wisdom AAStocks Newswires September 11 hearing, Chinese Academy of Agricultural Economics and Development Research Institute deputy director Wang Jimin Wednesday in a consumer seminar that in the long run, the avian flu situation is unknown, the future price trend is still broiler there is a big uncertainty.

Wang Jimin noted, H7N9 flu makes tens of billions of poultry industry suffered losses during the first half, the central only just come up six billion to support, which is the recovery of the poultry industry is utterly inadequate.

"The first five months 2013 total slaughter 45,386,000, down 4.6%, while in May herds 20,594,000, down 12.5 percent." Wang Jimin said that although, as people infected with the bird flu incident began to calm down, broiler industry gradually have to fight back, but the overall price has not reached the level of last year.

According to the poultry networked data display, 1 September billing chicks Shandong Dachang price of 2.4 yuan / feathers, September 12 people and shares (002234.SZ) opened chicks fare for 2.9 yuan / feathers, less than half an increase of 20.8%.

Wang Jimin also noted that the 2012 annual average farming income of 1.85 yuan / only, compared with the same period in 2011 decreased by 23.6%, while the hit by bird flu, 2013, five months, the average farming income only 0.63 / only with the same period in 2012 compared to 68.7 percent drop.

zhttp://www.aastocks.com/tc/stocks/analysis/china-hot-topic-content.aspx?id=200000258721&type=21&catg=3
 
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