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SunSirs: China's Egg Market is Dull and Prices Fluctuate

December 08 2020 08:49:42     SunSirs (Linda)

The price curve of main egg producing areas

According to the monitoring of SunSirs, the price of eggs was 3.48 yuan/jin at the beginning of last week, and the price of eggs was 3.49 yuan/jin at the end of last week, and the price increased 0.29%.

Market analysis

The large egg market supply and poor demand have led to the continued downturn in egg prices this year. In the first half of the year, the price of egg production areas continued to fluctuate between 2.5 yuan/500g to 3 yuan/500g. In the second half of the year, with the arrival of the traditional peak season of the egg industry and the effective prevention and control of the domestic epidemic, consumption in various regions gradually recovered, and egg prices rose seasonally. However, the highest price in the main producing areas has not exceeded 4 yuan/500g.

In terms of supply, the number of newly opened laying hens is generally small. As old chickens are gradually eliminated, the stock of laying hens continues to decrease, and the pressure on egg supply declines in the later stage. However, most of the production areas are low-priced and reluctant to buy them, and the number of chickens is eliminated. Less than expected, the overall supply decline is limited. The current peak period is about 70% of laying hens, and the supply of large-size eggs is sufficient.

In terms of inventory, the number of laying hens in the country in November has fallen to 1,247.6 million, a decrease of 1.41% from the previous month and 1.08% from the same period last year. According to the calculation of the layer cycle of 17 months, based on the current inventory and previous chicken sales data, the data on the number of laying hens in December this year, January, February and March next year are 1.244 billion, respectively. 1.234 billion, 1.213 billion and 1.199 billion. By March next year, the stock of laying hens can basically drop to near normal levels, and the pressure on the supply side will be greatly eased.

Outlook forecast

The egg market demand is still in the off-season, and the demand in December may be higher than that in November. It is expected that the price of eggs may rise, but the upward space is limited.

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