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SunSirs: Chinese Eggs Lack Good Support and Prices Fall
June 15 2020 08:17:09SunSirs(Linda)

The price curve of the main egg production area

According to SunSirs monitoring, the egg price was 5.41 yuan/kg at the beginning of last week, and the egg price was 5.28 yuan/kg this weekend, the price dropped by 2.40%.

The demand in the egg market is slowly recovering, but the increase in supply is greater than the demand. The spot market price of eggs has continued to weaken, and as the price of panning chickens has fallen, the losses in the laying industry have increased. At present, the number of supplementary pens for breeding chickens is decreasing, and the enthusiasm for the elimination of old chickens has increased. It is generally preferred to concentrate chickens around the Dragon Boat Festival. Therefore, the number of laying hens in June is expected to decrease, and the supply pressure in late June is expected to be reduced. There is certain support.

From the perspective of chicken age structure, egg prices fluctuated and declined in May, laying hens continued to lose money, and farmers had different attitudes toward scouring chickens. As of the end of the month, the age of slaughter fell to 456 days, and there were moulting in some areas. Old chickens over 450 days old accounted for 10.36%, a decrease of 0.61% month-on-month.

It is expected that in the short-term slow destocking stage of the egg market, the egg price will remain low and fluctuate. In the first half of June, the average price of the egg spot market production area is expected to remain in the range of 2.5-2.7 yuan / kg. It is necessary to pay attention to the demand in the future.

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

 

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