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SunSirs: Demand Support, China Egg Prices are Rising
April 26 2024 14:43:15SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the price of eggs at the beginning of this week was 6.86 RMB/kg, and the price of eggs at the end of this week was 6.91 RMB/kg, with a price increase of 0.73%.

At present, the anti price sentiment of farmers has strengthened, and some traders have also increased their thoughts of buying at the bottom. In addition, with the upcoming May Day holiday, there may be promotional activities on platforms such as supermarkets, farmers' markets, and e-commerce, which have increased the atmosphere of pushing up egg prices. The market stocking situation has increased, but the circulation link has remained stable, and demand has slightly improved. In addition, the domestic egg supply is still moderately loose, and the supply-demand contradiction is still present. The upward momentum of egg prices is still insufficient.

The new laying hens launched in April correspond to the chicken seedlings replenished before and after December 2023, while the old ones that can be eliminated correspond to the chicken seedlings replenished in November and December 2022. Therefore, overall, the number of new laying hens launched in April and May continued to be higher than the number of eliminated chickens sold, and the inventory of laying hens maintained a slow growth trend, with a relatively abundant market supply..

The demand for eggs has slightly improved, but the driving force for price increases is still insufficient. In the short term, egg prices may mainly fluctuate and tend to be strong.

 

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