According to the monitoring of the commodity market analysis system of RMB, the price of eggs at the beginning of this week was 9.65 RMB/kg, and the price of eggs at the end of this week was 9.59 RMB/kg, a decrease of 0.62%.

The wait-and-see sentiment in the egg market has increased, the trading atmosphere has weakened, online demand has weakened, and the promotional efforts of terminal retail platforms such as supermarkets are not as strong as in previous years. In addition, the lower prices of substitute products such as pork and vegetables have somewhat suppressed the purchasing power of eggs on the household consumer side, making it difficult for the overall demand to be boosted in the short term. In the off-season, the market sentiment is bearish, the circulation of goods is poor, the risk aversion sentiment in the intermediate trade link is intensified, and the gradual increase in inventory in production areas has led to weak egg prices.

In November, the main production area replenished 44.46 million feathers, an increase of 820,000 feathers from October's 43.64 million feathers and a month on month increase of 1.88%. The current increase in breeding profits and the overall enthusiasm of farmers for breeding are still good. The new production inventory in December will significantly increase, and egg prices will face significant pressure.

The demand for eggs in the market is weak, and terminal consumption is lower than expected. It is expected that egg prices will mainly fluctuate weakly.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.