Egg prices, are you going to go up?

The Ministry of Agriculture and Rural Affairs recently released data showing that since July, China's egg prices began to rise.
from July 1st to July 31st, the wholesale price of eggs across the country has risen by 32% in a month.
, the price of eggs rose 68.91 percent from the beginning of July, based on the price at which farmers were acquired, according to Trotnic Information Monitoring.
industry pointed out that the current rise in egg prices is a restorative rise, with high temperatures affecting egg-growing rate decline, egg and chicken stock decline, high enthusiasm for intermediate trade, market circulation accelerated and other factors related.
note that although egg prices rose month-on-month, they were still down year-on-year as consumption was weaker than in previous years.
egg prices are still expected to rise in August, but there is limited room for sustained gains.
egg prices rose by more than 60% month-on-month, according to the Ministry of Agriculture and Rural Affairs, on July 1st the price of eggs in the country's wholesale agricultural market was 6.31 yuan/kg, while on July 31st it rose to 8.33 yuan/kg.
Beijing News found that in just one month, the wholesale price of eggs climbed 32%.
, the rally continued, with wholesale egg prices rising to 8.62 yuan per kilogram as of August 3.
August 4th, Zhuo Tsing analyst Zhang Wenping told the Beijing News that from previous years' experience, egg prices in July were mostly in the recovery stage.
, due to the low price of eggs in the previous period, the increase in egg prices in July was higher than the same period in previous years.
" from the wholesale price alone to see the adjustment of egg prices may be relatively lagging, if from the production area to farmers' purchase prices, from the beginning of July to August 4, egg prices reached a peak of 4.02 yuan / kg (8.04 yuan / kg) on August 2, up 68.91% from the beginning of July.
"Why did egg prices continue to rise in July?" Zhang Wenping believes that, first of all, on the supply side, into July, affected by the hot weather, egg-producing rate of eggs and chickens have declined to varying degrees.
at the same time, due to the first half of the continuous loss of breeding, breeding units in May-June had concentrated on the elimination of some eggs and chickens, but in July the number of newly opened eggs and chickens is limited, resulting in a decline in egg-producing chicken storage.
, the overall supply capacity of eggs declined in July.
, in terms of demand, although the improvement in terminal demand in July is not obvious, but the intermediate trade link to take goods enthusiasm increased, making the market circulation speed up.
egg prices have gradually climbed as supply has declined but demand has improved.
For the reasons for the increased enthusiasm to take goods, Changjiang Futures in the research report pointed out that, with the spot price rebound, the market began to look forward to the Mid-Autumn National Day consumption season, recently some food processing plants have been started, egg procurement increased.
addition, with the southern plum, downstream dealers replenishment speed up, egg delivery speed up, egg inventory shortened to 1 day.
egg supply capacity is higher than last year's Beijing News reporter noted that although egg prices rebounded month-on-month, but in the Ministry of Agriculture and Rural Affairs statistics, whether it is the wholesale price of eggs, market prices, supermarket prices, are lower than in the same period last year.
, an official, said the phenomenon was mainly due to weaker overall consumption of eggs than in the same period a year earlier, but that did not mean that the supply capacity of eggs was weaker.
in terms of egg and chicken production, as of the end of July, Trollyn's monitoring of egg-producing chicken stocks was 1,297 million, up 6.38 percent year-on-year.
" means that egg-producing chickens are still at a higher level than in the same period last year, and the supply capacity of eggs is still higher than last year.
Beijing News reporter noted that in addition to the increase in egg and chicken storage column, the number of egg and chicken enterprises in China is also increasing.
enterprise inspection data show that in the livestock and poultry farming-related enterprises market, poultry farming enterprises accounted for 71%, livestock farming enterprises accounted for 29%.
, there are 826,000 egg and chicken-related enterprises in China.
, With 129,000, ranked first, accounting for 15.6% of the country's total.
hebei and Henan followed closely behind.
in the first half of 2020, the number of egg and chicken-related enterprises registered reached 0.74 million, of which 0.45 million were newly registered in the second quarter, up 18.4% YoY and 55.2% YoY.
for the follow-up egg price trend, Zhang Wenping believes that in the first half of 2020, egg and chicken stock continued to be at a high level, but the market consumption is not good, so egg prices have been below the cost.
the second half of this year, egg prices are expected to be better than in the first half of the year, as the number of egg-producing chickens gradually declines and demand improves.
among them, eggs in August will face continued to increase demand, supply is difficult to have a significant change in the situation, affected by this, August egg prices or volatility higher, the highest price or rose to 4.30-4.50 yuan / catty (8.6 yuan / kg - 9 yuan / kg).
And in terms of rising space, Inner Mongolia Wuhai City Development and Reform Commission in the official website analysis that, although egg prices in the recovery of the rise, but considering the impact of the epidemic concentrated, concentrated activities decreased compared to the same period, demand is difficult to return to the same level, egg prices continue to rise or will be limited.
.