According to the monitoring of the Commodity Market Analysis System of SunSirs, the egg price was 8.12 RMB /kg at the beginning of last week, and 8.24 RMB/kg at the end of last week. The price increased by 1.48%, and the price decreased by 11.40% compared to the same period last year.

From a demand perspective, primary and secondary schools are taking vacations, leading to a decrease in group demand for eggs and a lack of positive factors to boost egg consumption. As the middle of July gradually enters the peak tourist season, the consumption of eggs will increase. In addition, as the Mid-Autumn Festival approaches, food processing plants will start stocking up at the end of July and the beginning of August to prepare for the production of moon cakes. At that time, the demand for eggs will be significantly boosted.

From a supply perspective, due to the continuous profitability of laying hens since March last year, industry insiders are mostly optimistic. In the first half of the year, farmers in the breeding farms generally showed a high enthusiasm for supplementing the livestock. After the adjustment of laying hens in the second quarter, they will maintain the growth trend in the later part of the second quarter in the third quarter. However, due to the influence of high temperature weather, laying hens are prone to heat stress reactions, which will enter a dormant period, and a decrease in egg production rate will offset some production capacity.

The egg market is accelerating its sales, and it is expected that in the short term, egg prices may show a strong trend of volatility.

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