SunSirs: Egg Transactions Turned Better, and Prices Were Firm
March 04 2022 14:10:58 SunSirs (John)
Price trend
On the 3rd, the domestic egg price was 8.05 RMB/kg.
Analysis review
At present, the egg terminal has a poor ability to accept high-priced eggs under the long-term existence of the epidemic, and the downstream demand has always been tepid, which has led to the dilemma of egg prices rising and falling, and the recovery time of production capacity has been prolonged.
In addition, this year, the price of pork has weakened, the price of broiler chickens has continued to run low, and the supply of vegetables has also been stable. The demand for egg substitution has further declined, lacking the support of good substitution.
Market outlook
Egg prices are expected to remain weak.
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