Price on Chinese Egg increased 34% for the past month, July 2020

As reported by Chinese Ministry of Agriculture and Rural Affairs, the price of egg is report at $1.20 USD/kg as of end of July 2020, it was reported $0.89 USD/kg, which is about 35% increase. Analyst responded produced was reduced after July due to hot weather and feed stock cost increase was also the reason. It is reported both corn and wheat, the main raw material for feed stock is 26% and 63% in respective, more expensive compare to last year in July 2019.