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SunSirs: Cost Support, China Egg Price is Rising
March 08 2024 10:58:53SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the price of eggs at the beginning of this week was 6.90 RMB/kg, and the price of eggs at the end of this week was 6.98 RMB/kg, with a price increase of 1.16%.

Egg prices in the main production areas: The average price of eggs in Shandong is 7.16 RMB/kg, an increase of 0.22 compared to the 6th; The average price of eggs in Hebei is 6.76 RMB/kg, an increase of 0.29 compared to the 6th; The average price of eggs in Guangdong is 7.94 RMB/kg, an increase of 0.20 compared to the 6th; The average price of eggs in Beijing is 7.23 RMB/kg, an increase of 0.22 compared to the 6th.

At present, the impact of newly opened laying hens and poached chickens is still ongoing. The inventory of laying hens in China is showing a stable but slightly increasing trend, with overall moderate looseness in supply. Downstream markets are showing slower sales, and traders are more cautious in receiving goods. Inventory in production areas, sales areas, and other circulation links has slightly increased, and the supply of goods in the terminal market is also relatively sufficient. Downstream food processing plants such as egg powder and egg liquid have increased their hoarding situation, and overall consumption of eggs has increased, coupled with rising feed prices, Cost support is still in place, and egg prices have slightly increased.

Downstream transactions of eggs have slightly improved, and with cost support, it is expected that egg prices will mainly fluctuate next week.

 

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

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