SunSirs: Circulation Speeds Up, Egg Prices Rise slightly in China
December 14 2022 14:36:46 SunSirs (Selena)
According to the monitoring of SunSirs, the price of eggs was 11.38 RMB/kg at the beginning of this week, and 11.72 RMB/kg at the end of this week. The price rose by 2.99%, 22.21% compared with the same period last year.
In terms of supply: the supply of eggs from the origin area is limited as a whole, the inventory is low, the number of newly opened laying hens is small, and the supply of small size eggs is tight; The enthusiasm of breeding units to eliminate old chickens has increased, and the number of chickens to be eliminated from the market may increase next week. The inventory in production and circulation is not large. The temperature is low, and the breeding unit is obviously reluctant to sell at a low price.
The market circulation gradually improved, the terminal demand was boosted by the favorable conditions in stages, and the inventory in all links decreased, which benefited the short-term egg price. According to the normal law, the demand for eggs improved in December, boosted by the demand of New Year's Day and Spring Festival.
The feed cost is high, and the eggs will be stored for a long time due to the low temperature. The breeding units are reluctant to sell at a low price. It is expected that the egg price will be dominated by shock finishing in China.
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