SunSirs: In the Off-season of Consumption, Egg Prices Fell
February 13 2023 13:57:09 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the egg price at the beginning of this week was 9.27 yuan/kg, and the egg price at the end of this week was 9.16 yuan/kg, up 1.19%, and up 13.72% from the same period last year.
Analysis review
From the demand side, February is the seasonal off-season, and the egg price is at an inertial low. At present, the price has reached the bottom stage by stage. The second and third batches of dealers and food enterprises have the phenomenon of copying the bottom, and there is still inventory pressure in all links. In addition, the family reserve supply has not been digested, some schools have not yet returned to school, terminal demand is still weak, and the market is in a slow recovery period.
The chickens that started to lay eggs this month are the chickens that were replaced in September and October of 2022, and most of the old chickens that was eliminated are the chickens that was replaced in September and October of 2021. The actual number of old chickens is lower than the theoretical value. It is expected that the fluctuation of the number of laying hens in February will be limited. It is necessary to pay close attention to the number of eliminated chickens in this month
Market outlook
It is now in the off-season of consumption, but the supply side is at a low level in recent years, which may form a favorable support for the egg price. It is expected that the egg price may be sorted out in shock in the short term.
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