According to the monitoring of SunSirs, the price of eggs was 11.46 RMB/kg at the beginning of last week, and 11.48 RMB/kg at the end of last week. The price rose 0.17%, 13.66% higher than the same period last year.
In November, the supply of eggs fell on a month on month basis. The number of laying hens on hand may be at a low level compared with the previous year. In addition, the cost of feed continues to rise, so the price of eggs has strong support. As a whole, the source of goods from the origin is limited, and the sale of Taoji has increased slightly. The inventory remains at a normal level. The terminal market is difficult to sell at a high price, and the goods are generally sold.
In October, there were 79.8 million supplementary columns, up 6.5% month on month and 7.5% year on year. The supplementary column data has improved slightly, but it is still difficult to change the downward trend of inventory in the coming months in the short term. The abnormally strong egg price from September to October attracted some supplementary columns, focusing on the sustainability in the later period.
With the egg price rising to a stage high, the overall delivery speed of the downstream market is average, traders are cautious in participating in the market, and most of them maintain the normal circulation inventory. It is expected that China egg price will be dominated by shocks in the short term.
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