The poultry industry has gradually entered an upward cycle, according to poultry breeding company Xiantan in a recent investor Q&A.
The company said that the gradual recovery in the economy as well as stronger consumer demand has helped support prices.
Chicken prices hit a multi-year high in November of last year but gradually declined until July of 2023, falling by 9%. Since then, prices have been moving higher, up 3% since July, and remain supported by higher poultry feed prices as well as...