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SunSirs: Replenishment Accelerated and Egg Prices Rose
March 15 2023 14:29:01SunSirs(John)

Price trend

According to the monitoring of SunSirs, the egg price at the beginning of this week was 9.73 RMB/kg, and the egg price at the end of this week was 9.93 RMB/kg, up 2.06%, and up 13.75% from the same period last year.

Analysis review

The weather and temperature in March are suitable for egg storage, and the bullish attitude of all links was obvious. The signs of improvement in demand were gradually emerging. The terminal supermarket, the farmers' market and the replenishment of trade links were slightly more positive than in the previous period, and the market transaction might rise.

It is expected that the market will gradually improve with the decrease of the supply side and the recovery of the demand side. The month-on-month growth of the number of laying hens in the stock market in February and February may be less than 1%, which will continue to be lower than the normal level of 1.2 billion. The tight situation of egg supply is difficult to effectively alleviate, and it will still push up the egg price.

Market outlook

March is still the traditional off-season for egg consumption. It is expected that the egg market in March will probably be dominated by a small rise in shock driven by the recovery of demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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