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SunSirs: Accelerated Sales and Slight Increase in China Egg Prices
January 08 2024 15:04:26SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the price of eggs was 8.62 RMB/kg at the beginning of last week, and 8.68 RMB/kg at the end of last week, with a price drop of 0.70%.

At present, the number of newly opened laying hens is still slightly increasing, and the pace of eliminating old chickens is relatively gentle. The number of eliminated chickens is relatively stable, and the inventory of laying hens continues to show a trend of stable, medium to small increase. The supply of eggs is appropriately loose, and inventory pressure in production, circulation and other links is relatively high. Food processing enterprises often replenish goods according to demand, and downstream attitudes such as supermarkets and traders are inconsistent. Sales are mainly based on orders, with average demand.

The elimination of chickens is affected by egg prices. Due to the average digestion of eliminated chickens at the terminal, slaughter enterprises have low enthusiasm for acquisition. Coupled with the recent suspension of meat breeding chickens, the conversion of breeding eggs to commercial eggs has increased, and the increase in egg supply is more significant. As the temperature turns cold, the storage time of eggs is extended, and the overall egg supply in the market is relatively sufficient. Downstream demand is expected to enter a relatively peak season in the future as it gradually enters the end of the year. Replenishment before New Year's Day and various parties before the Spring Festival may continue to warm up demand.

Entering the pre holiday restocking stage, market transactions are improving, and it is expected that egg prices will mainly remain stable and strong next week.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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