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Himfr.com Forecasts Egg Market Trends

Himfr.com Forecasts Egg Market Trends


    

Himfr.com Forecasts Egg Market Trends

by Christina Xia

Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, forecasts egg market trends.

The price of eggs has changed frequently in China's main egg-producing areas, first it rose, and then it decreased; the national average price was 2.8 yuan / catty, up 21 cents / catty from last week. Compared to the previous month, the price is down six percent. The price of eggs this week in the main egg-producing areas of Liaoning, Hebei, Shandong and Henan provinces was up 2.66 yuan / catty, 2.82 yuan / catty, 2.94 yuan / catty, and 2.80 yuan / catty respectively, a rise of 5.73 percent, 6.25 percent, 11.27 percent, and 8.02 percent respectively. Compared to the previous month, prices have declined seven percent, 5.8 percent, 2.65 percent, and 8.55 percent respectively.

With egg prices rising, the egg price index rebounded this week from last week's lowest point, showing an upward trend. This week, the average egg price index is 103.93 points. Currently, the egg-laying rate is very low; prices should be relatively stable this month, and it is expected that the egg price index will stabilize in October.

Egg market prices have been very chaotic this week in China, and fluctuation has been very frequent, for the following reasons:

First of all, the current egg market is part of a competitive market, and the price of eggs has risen along with everything else. Due to an unseasonably early summer, egg storage time was short; egg sellers dumped large quantities of eggs, resulting in egg prices falling. Egg sellers dumping eggs was bound to suppress purchase of eggs in society. In addition to the dumping of eggs by sellers, farmers sold and did not buy up, and then quickly shipped. Farmers selling eggs highlights the egg inventory shortage; during this time of a reduced supply of eggs, egg sellers have had to raise prices and compete to buy. This phenomenon can be directly seen in the wholesale egg market, which fully reflects the market's supply and demand. The wholesale price of eggs will inevitably bring about change in the retail purchase price.

Secondly, due to the high cost of corn, soybean and other feed ingredients, coupled with recent increases in the cost of the feed, the cost of hen's concentrate feed has risen to 50 yuan / ton, and breeding costs have increased to a certain extent, which has caused egg prices to rise.

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