China’s poultry industry faces crisis as prices plunge amid oversupply

Quick Summary:

While the US faces egg shortages, China’s poultry farmers are dealing with the opposite problem: plunging prices due to chronic overproduction.

Sun Yanan, a senior poultry industry analyst at SCI, attributed the price falls to weak consumer demand and excess capacity in China’s meat industry, adding that a rapid market rebound was unlikely given the scale of oversupply.“Farmers can’t bear it any more! ” a poultry farmer in Shandong lamented in a video posted to Douyin, the Chinese sister app of TikTok.“In just one week, live chicken prices dropped from 3.4 yuan to 2.5 yuan [per 500 grams] … Prices fell further last week than they did in the whole of last year.

While the United States faces a nationwide egg shortage amid rising inflation, poultry farmers in China are struggling with the opposite problem: plunging prices amid chronic domestic overproduction.

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Article Details

Author / Journalist: He Huifeng

Category: Business

Markets: Hong KongChinaUnited States

Topics: Week Year Market China’s Prices Yuan Fell Poultry Broiler Information China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 22:00:09 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 191 words

Reading Time: 2 minutes read

Sentences: 4 lines

Sentence Length: 48 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26119751

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