SunSirs: Stock Preparation Ended, China Egg Price Drops
September 25 2023 14:22:02 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the egg price was 11.39 RMB/kg at the beginning of last week, and 11.10 RMB/kg at the end of last week. The price decreased by 2.55%, and the price increased by 3.74% compared to the same period last year.
At present, the egg stocking of the Mid-Autumn Festival Food Factory has basically ended, the arrival of eggs in the sales area has dropped, and the demand for Mid Autumn gift boxes has weakened. The eggs are generally shipped, and the eggs in stock have a downward trend. The traders are cautious in receiving the goods. As the weather cools down, the feed intake of laying hens increases, the egg production rate rebounds, the egg weight increases, and the production capacity of laying hens increases. As a result, the production of laying hens is normal, and the overall supply of eggs in the future market continues to increase.
The terminal demand is stable, downstream links are purchased on demand, and high priced eggs are purchased with caution. After the Double Festival, there is a seasonal decline in demand for eggs, and the supply and demand fundamentals will gradually become loose. There is a seasonal pullback in demand for egg prices.
The supply of eggs may increase, and stocking ends. It is expected that egg prices will mainly fluctuate and weaken.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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