China - "Egg prices fluctuate at a high level" - up 32% over August 2020 - August 31, 2021

[sharon sanders]

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Egg prices fluctuate at a high level, and local eggs hit the 6 yuan mark

Entering August, the egg market was a bit excited. After continuous increases, at the end of the first ten days of August, the price of eggs rose to about 5.1-5.5 yuan per catty, and retail prices in individual areas reached 5.8 and 5.9 yuan, hitting 6 yuan. Mark. However, because some chicken farms and traders have a certain fear of heights after the wholesale price of eggs exceeded 5 yuan, speeding up the shipment of eggs, the egg price has dropped slightly in the last two days.

zhttps://www.163.com/dy/article/GIO484LQ0552AZJ6.html

 

[sharon sanders]

Eggs enter the peak consumption season and prices rise

August 30, 2021 16:03


　　According to the monitoring of the business agency, the price of eggs was 4.68 yuan/jin at the beginning of this month, and at the end of this month, the price of eggs was 4.88 yuan/jin, an increase of 4.27%, and an increase of 31.85% compared with the same period last year.
　　Market analysis
　　In early August, with the increase in temperature, the egg production rate dropped, and in August the food factory started to stock up during the Mid-Autumn Festival, the spot is still expected to strengthen. However, this year compared with previous years, the spot increase was significantly smaller. Because there are currently fewer old chickens waiting for scouring, it is difficult to increase the number of eliminations in this reality. Coupled with the rebound of restocking in March, the stock of laying hens is expected to increase slightly in July.
　　As the weather turned cooler in mid-August, traders’ inventory for Mid-Autumn Festival and National Day increased significantly. Under the influence of this, egg stocks continued to decline. In the second half of the month, the spot market turned into a seasonally strong trend. As the Mid-Autumn Festival approaches, the demand for stocking by food processing plants is gradually increasing, but as a whole, the Mid-Autumn Festival consumption peak season this year started a little later than in previous years. On the supply side, the inventory of laying hens, the sales of chicks, and the number of eliminated chickens all fell month-on-month in June.
　　Market outlook forecast
　　Hot weather, the laying hens enter the resting period, the egg production rate declines, and the market supply decreases. Although the consumption of the group is lower, food companies have increased the stock for the Mid-Autumn Festival and National Day consumption. It is expected that the spot price of eggs may continue to rise in a short period of time.

zhttp://futures.eastmoney.com/a/202108302071986992.html

 

[sharon sanders]

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