The price of eggs was RMB 11.23/kg at the beginning of the week and RMB 10.38/kg on Thursday, a drop of 7.57%.

Products: As the temperature in the northern producing areas has dropped, the stress response of laying hens has subsided, and the egg production has begun to increase. At the same time, a number of new chickens in the northern producing areas have entered the laying period, and the egg supply capacity is recovering rapidly. In the coming Mid-Autumn Festival and National Day, although the demand for eggs will increase, the supply capacity is also recovering rapidly, and the supply capacity is rising faster than the demand, the price of eggs lacks the momentum to continue to rise.

Industry chain: In June 2019, the total stock of laying hens in China was 1.396 billion, a decrease of 1.48% annually and an increase of 3.08% year on year. Among them, there were 1.105 billion laying hens, 0.18% annulus reduction and 0.01% year-on-year increase; 310 million reserve chickens, 3.43% annulus increase and 28.28% year-on-year increase; 10.91 million chickens, 0.85% annulus increase and 23.45% year-on-year increase.

Forecast: With the Mid-Autumn Festival approaching, most of the terminal and food factory stocks have ended, and the export goods of farms have slowed down significantly. Egg prices are expected to oscillate downward in the short term.

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