China: Since October 2020, price of eggs has risen by 26% and expected to continue to rise before Spring Festival

Since October last year, the price of eggs has risen again. According to Zhuo Chuang Information, since October last year, the spot price of eggs has increased by about 26%. Analysts said that the current inventory in each link is still low, and the prices of related substitutes It has not yet fallen, and the demand for eggs is still strong, but after the price rises and overdrafts, there is still a certain callback demand for egg prices. Repeated assembly In the spot market, the price of eggs has risen strongly since October, rising from the lowest price of 4.06 yuan per catty at the beginning of the month. On Monday, the average price of eggs in China’s main producing areas rose to 5.13 yuan per kilogram, higher than the peak before the Mid-Autumn Festival. It has risen by 26.35% in half a month. This phenomenon reminds Liu Mei, an analyst at Zhuo Chuang, of the situation two years ago, when it was also October, the price of eggs experienced a similar surge. "However, the ...