SunSirs: The Transaction Was Light, and the Price of Eggs Fluctuated and Declined
May 06 2023 09:30:58 SunSirs (John)
Price trend
According to the monitoring of the Commodity Market Analysis System of SunSirs, the egg price was 9.46 RMB/ton/kg at the beginning of this week, and 9.34 RMB/ton/kg at the end of this week. The price decreased by 1.27%, and the price decreased by 7.06% compared to the same period last year.
Analysis review
As of the 5th, the replenishment efforts at the egg terminal were average, coupled with the suspension of procurement by schools and groups during holidays, resulting in a slight decrease in egg prices. There was no inventory pressure at all stages, and in addition, there was a lot of rain in many parts of the country, which may affect egg storage. The downstream market lacked stocking power and prices were weak.
The main chickens that have started laying eggs are the chicks that were restocked around December last year. Due to the market impact, the enthusiasm for restocking at the breeding end last year was not high, resulting in a decrease in the number of new laying hens and a decrease in egg supply. May Day Supermarket promotion, terminal sales improved, and traders had restocking needs after the holiday ended.
Market outlook
The impact of pre holiday stocking on prices is not clear, coupled with more rainfall in the south, making it more difficult to store eggs and putting pressure on egg prices. It is expected that egg prices will fluctuate widely and tend to be weaker in the short term.
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