SunSirs: Egg Market Supply Was Tight, and Prices Rose
April 20 2022 09:37:22 SunSirs (John)
Price trend
As of the 19th, the domestic egg price was 9.34 RMB/kg.
Analysis review
In terms of inventory, the inventory of most origins maintains a normal level, and the circulation of some origins is still blocked, which leads to a little more pressure on local inventories. The downstream market is difficult to sell at high prices, and the speed of delivery has slowed down slightly. Traders are cautious in participating in the market. With the gradual digestion of inventories, market demand may gradually recover, and short-term demand may remain at a normal level.
Market outlook
It is expected that the price of eggs in origin may decline in a narrow range this week.
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