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    Home > Food News > Food Articles > The price once again rushed to the 6 yuan/jin mark. The off-season price increase for eggs is...

    The price once again rushed to the 6 yuan/jin mark. The off-season price increase for eggs is...

    • Last Update: 2021-11-14
    • Source: Internet
    • Author: User
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    In less than half a month, the egg price that had just dropped once again hit the 6 yuan/jin mark
    .
    A reporter from China Business Daily visited the market and found that the purchase price of eggs in the main producing areas has exceeded 5 yuan per catty, and the sales price of eggs in some areas has also exceeded 6 yuan per catty

    .
    The fourth quarter was supposed to be the off-season for egg sales.
    Compared with previous years, the price increase of eggs in this round was more abnormal

    .

    Egg prices ushered in a sharp rise in the off-season

    "In October of previous years, the price of eggs was 4-5 yuan per catty, and it was considered high if it exceeded 5 yuan per catty
    .
    ” A layer farmer in Shandong told a reporter from China Business Daily that this period was the off-season for egg sales, but the market The price has suddenly risen

    .
    In his opinion, this round of price increases is unexpected, and neither he nor the surrounding farmers have more stocks

    .

    In the early part of the fourth quarter, domestic egg prices ushered in a strong rise
    .
    According to data from the bulk commodity analysis agency Shanghai Ganglian-My Agricultural Products Network, on October 25, the average purchase price of eggs in major domestic producing areas was 5.
    11 yuan/kg, which was a low point of 4.
    07 yuan/kg after the National Day (October 10) It has risen by 1.
    04 yuan/kg, and the rate of increase is as high as 25.
    55% in half a month

    .
    In addition, on October 25, the price of egg futures also reached a new high

    .

    Why is the performance of egg prices so abnormal? Sun Nengji, an egg analyst at the Agricultural Products Division of Shanghai Ganglian E-Commerce Co.
    , Ltd.
    , told a reporter from China Business Daily that the fundamental reason for this round of egg price increases is the sharp reduction in the stock of laying hens

    .
    As of September, the number of laying hens on hand was 1.
    113 billion, a year-on-year decrease of 10%

    .
    Due to the loss of breeding last year and the high feed cost this year, the farmers' enthusiasm for replenishment has been frustrated, and the emptying rate has increased compared with previous years.
    At the same time, the rapid cooling of the weather has increased the stress response of laying hens, and the egg production rate has dropped by 3%-5% in some areas

    .

    In addition, the "higher off-season" egg prices have also been affected by the previous "low peak season"
    .
    Sun Nengji said that after the National Day, the high temperature and rain in the south made the egg storage conditions worse, and the continuous rain in the north at that time affected the local egg merchants' collection and loading and delivery

    .
    The rapid increase in stocks in egg production areas and the obvious slowdown in the pace of delivery have caused egg prices to "fall down endlessly" after the holiday, and prices in major production areas have fallen below 4 yuan per catty

    .
    The subsequent emotional panic in the market also led to the shortage of intermediate links, which paved the way for a strong price rebound in the later period

    .

    It is worth noting that the strong increase in vegetable and pork prices has also led to higher egg prices
    .
    "As the prices of pork and vegetables continue to rise, the role of eggs as a relatively low-priced substitute is particularly significant.
    The rebound in egg prices has also resonated with the increase in the prices of these two, and the egg market has seen obvious'quantity prices'.
    go up 'situation

    .
    in addition, public health emergencies and more recently appeared in some areas so that end-consumers appear stocking centralized purchasing behavior, and further support sales of eggs and increase prices

    , while limited influence, some food companies also produce advance purchase stocking Supported the rise of egg prices within a certain period of time
    .
    " Sun Nengji said

    .

    Bring the "flying" industrial chain

    The increase in egg prices not only brings high profits to the breeding end, but also "flying" related companies in the industry chain
    .

    Before the fourth quarter, profit at the end of egg farming reached a high point again
    .
    According to the data of Shanghai Steel Union-My Agricultural Products Network on October 25, the profit of eggs at the breeding end reached 0.
    54 yuan/kg in October

    .
    At the same time, according to data from Zhuochuang Information, a commodity analysis agency, in the third quarter of this year (July-September), based on the market price of eggs 5 yuan/jin and breeding costs, raising a layer hen can make a profit of 53.
    78 yuan

    .

    The rise in egg prices has also boosted the performance of related companies
    .
    According to the financial report, the first three quarters of this year’s “Laying Hen’s first share” Xiaoming shares listed in April this year’s main operating income was 534 million yuan, an increase of 25.
    14% year-on-year; the net profit attributable to the parent reached 77.
    066.
    9 million yuan, an increase of 53.
    52% year-on-year

    .
    The company's revenue and net profit also increased in the third quarter

    .
    The relevant person in charge of Xiaoming shares told China Business Daily that the increase in performance was indeed driven by the increase in egg prices

    .

    For the egg-related industry chain, the fourth quarter may still be a good time to "make performance gains
    .
    "
    "October farming end egg profit has far exceeded expectations.
    Originally, the market generally expected that the market in the fourth quarter was weak.
    Some farming end has already made good expectations of meager or unprofitable profits at this stage

    .
    However, after the current strong increase in egg prices, the farming end The end is also actively shipping

    .
    " Sun Nengji said

    .

    The possibility of a price fall in the latter part of the fourth quarter is high

    Industry insiders believe that in the fourth quarter, egg prices may remain relatively strong
    .

    The increase in egg supply in the fourth quarter is still limited
    .
    According to data from the Shanghai Steel Federation-My Agricultural Products Network, according to the current breeding cycle, the average monthly number of new laying hens in the fourth quarter is 76 million, which is about 25% less than the monthly average level from January to May this year

    .
    In the fourth quarter, the number of cullings (calculated based on the average 17-month breeding cycle) was 94 million birds per month.
    This shows that theoretically, the number of cullings in the fourth quarter entering the culling period is relatively large, and the overall increase in the stock of laying hens is expected to be limited

    .

    Under the current circumstances, the demand for eggs may increase in the future
    .
    Sun Nengji said that in the context of the overall low inventory, staged procurement in the market and centralized procurement in some areas with severe new crown pneumonia epidemics may make the demand for eggs relatively stable

    .
    In addition, there are many holidays in the latter part of the fourth quarter, and the demand for e-commerce platforms will increase significantly compared with the previous period

    .
    The
    overall market demand is expected to be relatively stable .
    At the same time, it is expected that vegetable prices in the latter part of the fourth quarter will be on the high side, coupled with the recent continuous rebound effect of pork prices, which will also give significant support to the rise in egg prices

    .

    "On the whole, it will take some time for the current high-cost sources to be transferred and transmitted to the terminal.
    Therefore, it is expected that egg prices will continue to rise or show weakness in the short term, and the possibility of later decline is greater

    .
    However, the overall fourth quarter, egg prices are expected Will be at a relatively high price

    .
    " Sun Nengji said

    .

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