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SunSirs: Good Supply, China Egg Prices Decline
March 22 2024 10:45:42SunSirs(Selena)

According to the monitoring of the commodity market analysis system of Business Society, the price of eggs at the beginning of this week was 7.29 RMB/kg, and the price of eggs at the end of this week was 7.18 RMB/kg, with a price increase of 1.51%.

The average price of eggs in Shandong, the main production area, has remained stable at 6.82 RMB/kg. The average price of eggs in Hebei has dropped to 6.47 RMB/kg, while the average price of eggs in Guangdong has remained at 8.03 RMB/kg. The average price of eggs in Beijing has slightly dropped to 7.03 RMB/kg. The willingness of traders to purchase has decreased, and the market lacks obvious positive factors to boost it. Industry insiders are adopting a wait-and-see attitude, and the egg consumption market is weak/ P>

In terms of supply, egg production is relatively stable, and some production areas have inventory pressure. The supply of goods is relatively sufficient, which has a certain negative impact on egg prices. In terms of demand, there are many unsold sources downstream, and the purchasing enthusiasm is not high at the moment, slightly resisting high priced sources. In some later stages, there may be a moderate replenishment situation, and the expected demand will decrease first and then increase.

The egg market has sufficient supply and light transactions, and it is expected that egg prices will mainly fluctuate next week.

 

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