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SunSirs: China Domestic Demand is Sluggish, and the Price of Eggs Falls
September 20 2022 10:05:22SunSirs(Selena)

According to the monitoring of SunSirs, the price of eggs was 11.46 RMB/kg at the beginning of last week, and 10.38 RMB/kg at the end of last week. The price fell 9.42%, and the price rose 2.67% compared with the same period last year.

The stocking was ended before the Mid Autumn Festival. After the egg price reached the highest point in the year before, it continued to fall last week. The laying hens will continue to operate at a low level, and the supply side will continue to form a profit for the egg price. As the temperature in various regions gradually decreases, the willingness of breeding end to supplement the fence increases, and the number of chickens to supplement the fence increases month on month. If the number of chickens to be stocked continues to increase, the stock of laying hens will increase in a trend at the beginning of next year.

From the perspective of seasonal factors, it is the low season for egg consumption from mid to late September to early November. There is no obvious demand support at this stage, and egg prices will maintain a relatively low oscillation. The spot market has gradually improved since mid November, and the peak season is mainly concentrated at the end of December and New Year's Day.

The new supply of eggs is limited, and there are not many old chickens to be cleaned up at the right age. The supply of eggs is neutral and tight, and the market demand turns from strong to weak. It is expected that the spot price of eggs in China will be dominated by weak operation.


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