The imbalance between supply and demand, combined with market panic, has led to a surge in circulation volume due to high laying hen inventories on the supply side and concentrated shipments by traders and breeders before the holiday. On the demand side, household stockpiling has been completed, and group consumption has significantly decreased due to factory closures and holidays. Coupled with weakening futures and an exacerbation of bearish sentiment, the delayed Spring Festival has also caused pre-holiday stocking demand to be released early, creating a demand gap before the holiday. It is expected that egg prices will remain weak in the near term. Today, the average egg price in main production areas is 7.32 yuan/kg in Shandong, down 0.21 from yesterday; 7.06 yuan/kg in Hebei, down 0.17; 7.27 yuan/kg in Guangdong, down 0.20; and 7.80 yuan/kg in Beijing, down 0.14. (China Feed Industry Information Network)
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Today's egg prices have fallen
The imbalance between supply and demand, combined with market panic, has led to a surge in circulation volume due to high laying hen inventories on the supply side and concentrated shipments by traders and breeders before the holiday. On the demand side, household stockpiling has been completed, and group consumption has significantly decreased due to factory closures and holidays. Coupled with weakening futures and an exacerbation of bearish sentiment, the delayed Spring Festival has also caused pre-holiday stocking demand to be released early, creating a demand gap before the holiday. It is expected that egg prices will remain weak in the near term. Today, the average egg price in main production areas is 7.32 yuan/kg in Shandong, down 0.21 from yesterday; 7.06 yuan/kg in Hebei, down 0.17; 7.27 yuan/kg in Guangdong, down 0.20; and 7.80 yuan/kg in Beijing, down 0.14. (China Feed Industry Information Network)