According to the monitoring of the commodity market analysis system of SunSirs, the price of eggs was 6.86 RMB/kg at the beginning of last week, and 7.08 RMB/kg at the end of last week, with a price increase of 3.21%.

Last week, the national egg prices showed an upward trend, and the downstream catering industry had a good demand for restocking. In addition, the pace of eliminating old chickens in mid to late April was relatively fast, and currently, the supply of large size eggs in some areas is tight. The market atmosphere for speculation and inflation is strengthened. The significant increase in egg futures has driven spot replenishment, and the increase in egg prices in production areas has led to a stronger adjustment in sales areas.

Downstream traders are actively restocking due to fear of an increase in egg prices. The inventory in the production and sales process is normally low, and there is still a high volume of goods in the Guangdong sales area. The pace of sales has not improved significantly, and passive follow-up is the main trend. In May, the production capacity of laying hens increased, and there were more small-sized eggs. Supported by an emotional speculative atmosphere, there is still some regional replenishment in the short term.

The egg market is accelerating its sales, and the demand for May Day restocking is limited. It is expected that egg prices will mainly fluctuate in the short term.

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