Effects of Rising Feed and Labor Costs on China’s Chicken Price

China’s poultry production and consumption are growing rapidly, but rising input costs could slow its development. Increases in corn and soybean prices and wages are partially transmitted to rising retail chicken prices in China. Corn and soybean meal appear to be substitutes, and corn prices have a...

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Bibliographic Details
Published inThe international food and agribusiness management review Vol. 18; no. A; pp. 137 - 150
Main Authors Gale, Fred, Arnade, Carlos
Format Journal Article
LanguageEnglish
Published 01.01.2015
Edition1030
SeriesIssue A
Volume 18
Subjects
chicken
Demand and Price Analysis
export
feed
import
Livestock Production/Industries
poultry
price
production costs
Production Economics
Productivity Analysis
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Summary:China’s poultry production and consumption are growing rapidly, but rising input costs could slow its development. Increases in corn and soybean prices and wages are partially transmitted to rising retail chicken prices in China. Corn and soybean meal appear to be substitutes, and corn prices have a stronger impact on chicken prices than does the price of soybean meal. Modest technical change impacts partly offset the effect of rising input prices. Rising grain prices and wages, reinforced by Chinese currency appreciation, are eroding the international competitiveness of the Chinese poultry industry
Bibliography:The International Food and Agribusiness Management Review is published quarterly by the International Food and Agribusiness Management Association. www.ifama.org
ISSN:1559-2448
1559-2448
DOI:10.22004/ag.econ.207007