SunSirs: On the 6th, Egg Transactions Turned Better and Prices Rose
April 07 2022 10:18:13 SunSirs (John)
Price trend
On the 6th, the domestic egg price was 9.07 RMB/kg. The festival in the second quarter will increase the terminal demand and drive egg consumption, and the overall demand will be better than that in the first quarter.
Analysis review
In the short term, there are many uncertain factors in the new crown epidemic, which will also directly affect the terminal consumption; the prices of corn and soybean meal may continue to be strong in the later stage, and the cost of laying hens will continue to fluctuate at a high level, which will play a certain supporting role in the current high price.
Market outlook
It is expected that egg prices may continue to rise in the second quarter.
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