According to the Commodity Market Analysis System of SunSirs, starting from late June, domestic egg prices have rapidly risen again, with an increase of over 20% in half a month. On June 20th, the average price of eggs in the main production area was 7.03 RMB/kg, and on July 5th, the average price of eggs in the main production area was 8.62 RMB/kg, with a significant increase of 22.62% in price within half a month.

Starting from mid to late June, a new round of rainfall has arrived across the country, with frequent rainfall in many areas. The difficulty of exporting eggs has increased. In addition, the rainfall has led to an increase in domestic vegetable and pork prices, which is beneficial for the upward demand for eggs. In addition, the egg production rate of laying hens will continue to decline in the upcoming summer, and the market's bullish outlook is sufficient. Supported by many favorable factors, downstream trading entities have a stronger willingness to stock up, driving domestic egg prices to continue to rise.

In June, the overall profit of laying hens farming was considerable, while the overall output of eliminated chickens was relatively low. Overall, the number of new laying hens opened in June exceeded the number of eliminated hens, and the number of laying hens in stock continued to increase to 1.255 billion, a month on month increase of 0.88% and a year-on-year increase of 6.54%.

Egg product analysts from SunSirs believe that due to recent weather factors and active downstream stocking support, there is still some room for upward movement in domestic egg prices in the short term. Overall, the current inventory of domestic laying hens is relatively high, and the expected supply gap in the egg market will weaken after entering the three dog days in the future, which will to some extent suppress the upper limit of egg price increases in the future.

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