Poultry prices in China have begun to slump after a rally in the second half of 2021, and the market is not optimistic about the price outlook.
Poultry prices shot higher along with pork prices in 2019 due to the severe outbreak of African swine fever in China. Consumers who found pork prices too expensive often switched to poultry as a cheaper alternative and pushing chicken prices higher.
However, many farmers who lost their herds to ASF moved into raising poultry due to the lack of disease pr...