W8: Weekly Poultry & Egg Update
Chicken
Europe: The European Agency for Food Safety Advises Against Raising Chickens in Cages (Feb 21)
The European Agency for Food Safety (EFSA) has recommended on Feb 21 to avoid the use of cages in the breeding of chicks or laying hens to improve animal welfare. The EFSA, a scientific body based in Parma (Italy), has published two reports with recommendations to improve the welfare of chicken production (“broilers” and laying hens), in which it advises avoiding various practices: mutilation, restriction of feed and the use of cages. The agency's opinions affect the space, stocking density, lighting, noise, litter or platforms used on poultry farms. In the case of cages, EFSA experts advocate avoiding them and looking for alternative methods. The reports respond to questions raised after a citizen initiative that has promoted the end of the use of cages in livestock farming.
Europe: Poultry Farming Is in Danger of Collapse (Feb 23)
According to Copa-Cogeca, the latest recommendations from the European Food Safety Authority (EFSA) on the welfare of broilers and laying hens spell the end for most EU poultry farms. The recommendation to reduce the broiler stocking rate in conventional production to a maximum of 11 kg/m² is particularly shocking to the association. Currently, up to 26 broilers/m2 are allowed in the EU, this corresponds to approximately 42 kg/m2. In Austria and Switzerland, only 30 kg/m2 is allowed, which gives chickens almost 30% more space. This means expensive investments in poultry houses for conventional poultry farmers, while the number of animals would have to be reduced by 72%. Similar recommendations are contained in the EFSA report on laying hens. Copa-Cogeca criticized the report as unrealistic.
Europe: The European Commission Would Ban Keeping Hens in Cages (Feb 23)
It would be very painful for Hungarian poultry farmers if the European Commission really banned the keeping of hens in cages, since 80-85% of the hens raised in Hungary are still kept in this way. The proposals for new EU regulations will be made public in W8. In the middle of the week, the European Commission will present its ideas on how to change the currently used label system for the way poultry is kept. The conditions of keeping animals have become an important issue in the European Union. The Commission decided in 2021 to propose legislation until 2023 to phase out and then ban the keeping of breeding animals in cages, after the population of the member states launched a successful pan-European civil movement on the issue. Poultry farming is currently covered by four categories in terms of the living conditions of the animals: organic farming, free farming, alternative farming and cage farming
The 10.970M/MT forecast at the moment remains short of the 11.030M/MT of 2020 and, if achieved, will represent a very limited annual increase of less than 0.5% compared to the 10.920M/MT of 2022. Effect of Avian Influenza which, combined with the interruption of world trade due to Covid-19 (2020), caused European exports to decline by more than 15% compared to the pre-pandemic period (2.148M/MT in 2019; 1.780M/MT in 2022). The detail in relation to European poultry farming is that more than 80% of the expected production is concentrated in one third of the 27 members of the bloc, that is, in just nine countries.
Malaysia: Supply of Chicken and Eggs Enough for Ramadan (Feb 25)
The Agriculture and Food Security Ministry has confirmed that the supply of chicken and eggs in the country is enough to meet the high demand ahead of the coming Ramadan month. Its minister Datuk Seri Mohamad Sabu said he held a discussion with poultry farmers about problems they faced, including the lack of foreign workers. “Eggs and chicken supply are enough; we have already discussed with egg and poultry farmers. The shortage was caused by a lack of manpower, which is being rectified. The government, with the cooperation of the Immigration Department, the police, and the human resources ministry, will facilitate the process so that operators can hire more workers,” he said at a press conference after officiating the Agro-tourism and Agro-youth Tour Program on Feb 25.
Belgium: Bird Flu on Broiler Farm (Feb 24)
There are few other poultry farms in the immediate vicinity of the affected farm, but there are a number of poultry slaughterhouses. According to the report from the National Poultry Association, the contamination has been detected in broilers ready for slaughter and an increased mortality has already been observed in one of the stables in recent days. The source of contamination is not (yet) clear. In addition to this infection, there was also an infection recently at a hobby holder in Péruwelz, near the French border. Due to the small number of animals, no transport ban has been imposed there. In W7, there were also outbreaks at three private poultry farmers: in Lens (Henegouwen region), in Zandhoven (Antwerp region) and in Lochristi (East Flanders). Mortality was particularly high at all three locations. Enclosure and shielding obligation in Belgium, there is still a penning obligation or (when animals are outside) a shielding obligation.
Brazil: In January, São Paulo Consumers Paid the Lowest Price in 10 Months for Chilled Chickens (Feb 23)
According to Procon-SP, chilled chicken was among the top five products in the basic basket of São Paulo consumers, which, last January and compared to the previous month, recorded a price drop (5.23%). But not only that, as the average price recorded, of USD 2.15/kg (R$11.24) corresponded to the lowest value in the last 10 months, being only above that observed in the 1st quarter of 2022. Even so, by minimal margins, very close to the inflation official index accumulated in the same period (5.77% by IPCA). Comparing retail prices to those registered in the Great Wholesale of the city of São Paulo, it is possible to see that in the average of the 25 months between January 2021 and January 2023, the margin between the two segments was, on average, 66%. The lowest variation was recorded in July 2021, when chilled slaughtered chicken reached consumers in São Paulo with an increase of 37% on the retail price. The biggest change occurred in January last year, when the wholesale price suffered a monthly retraction of more than 13%, but retail prices did not fall in the same proportion, resulting in a margin of 100%. That is: the consumer paid twice the price reached in the wholesale market.
Brazil: Chicken Meat Shipments Maintained Good Performance in the Third Week of February (Feb 24)
In the third week of February (12 to 18, five working days) 107.49K MT were exported, which meant average daily shipments close to 21.5K MT and an accumulated total (13 working days) of approximately 248K MT. Hence the current daily average, 19.06K MT/day, volume 7.91% and 6.70% higher than the daily averages of last January and February 2022. It's just a pity, as has been said before, that the month is shorter. But even if the current projection, around 362K MT in the month, leads to a lower result than last January (almost 390K MT of in natura product), the expectation of annual expansion prevails (339K MT a year ago).
Brazil: São Paulo Poultry Farmer’s Purchasing Power Improves (Feb 24)
Live chicken prices have been registering an increase in this part of February, while the values of the activity's main inputs, corn and soy bran, are falling. This movement has resulted in an improvement in the purchasing power of poultry farmers in the state of São Paulo. Cepea data show that, in the February part (until the 22nd), producers from São Paulo manage to acquire 1.74kg of soybean meal with the sale of a kilogram of live chicken, 3.7% more than in January.
Brazil: Frozen and Chilled Chicken Prices in São Paulo Went Up on Feb 24 (Feb 24)
Quotations in a mixed field mark the end of this Feb 24 for the chicken market. According to the president of the Brazilian Association of Chick Producers (Apinco), José Paulo Meirelles Kors, the accommodation of broiler chicks in December 2022 will accelerate, generating an extra supply of chicken meat in the internal market, putting pressure on prices at the beginning of the year. However, according to data from Cepea/Esalq, a reaction in the market is starting to be outlined. In São Paulo, according to Scot Consultoria, poultry on the farm was stable at USD 0.94/kg (R$4.90) while chicken wholesale had a decrease of 0.45%, costing USD 1.26/kg (R$6.62). In the case of live animals, São Paulo had no price reference.
Australia: Launching 5-Year Research and Development Poultry Plan (Feb 22)
Agri-Futures Australia has announced a new 5-year research, development and extension plan for Australia’s USD 4.46B (AUS$$6.6B) chicken meat industry. Chicken meat, which represents more than 46% of all meat consumed in Australia, is the most popular source of animal protein in the country, contributing almost USD 2.03B (AUS$3B) to the national economy and employing over 58K people. While approximately 800 contract growers rear about 80% of Australia’s meat chickens, meat exports account for less than 5% of total production and are dominated by low-value cuts such as edible offal and chicken feet. Poultry meat production in 2023/24 is projected at 1.3M MT, when it is estimated that consumption per person will reach 47.6 kg/person.
Peru: Increase in the Price of Chicken Is Due to the Fact That Less Soybeans Entered the Country (Feb 22)
The Minister of Agrarian Development and Irrigation, Nelly Paredes, announced that the recent increase in the price of chicken in the markets is due to the fact that soybeans, an input for feeding these birds that comes from Bolivia, have had difficulties entering the country for the Puno region. "Another option has been seen for it to enter through another highway, but there also a change of truck is necessary, because the Bolivian truck cannot pass," he said. He also indicated that Midagri is evaluating other measures to achieve the largest supply of soybeans. "As a ministry we are looking for alternatives so that soybeans can enter the country as quickly as possible and we are also working with the Ministry of Production to encourage more fish consumption at this time," he said. He said that soy does reach the different departments of the country, but not in the necessary quantity; and ruled out that there is a shortage of chicken in the markets.
Livestock and fisheries have long been called out for being the top contributors to greenhouse gas emissions in the agriculture industry. New research suggests that it is all because of conventional animal feed. In a recently published study in the journal Current Biology, scientists share that at least 78% of chicken and 69% of salmon industries’ contribution to environmental degradation can be accounted for by the animal feed used. In terms of greenhouse gas emissions, more than 55% of both industries’ contribution also comes from the type and processing of animal feed. This comes as a surprise, especially since the chicken and salmon industries are known to be more environmentally efficient than beef, according to scientists.
South Korea: Egg and Chicken Farm Prices Continue to Decline (Feb 21)
The price of eggs and chicken farms is showing a downward trend every day. According to the data of the Livestock Products Quality Evaluation Institute, on the 20th, the production site price for a special plate (30 pieces) was USD 3.11 (4,091 won), down 13.5% from the average of USD 3.60 (4,731 won) last month. As for chicken, the price per kg of live chicken distribution has been around USD 1.52 (2K won) since the beginning of this month, but has gradually declined to USD 1.44 (1,894 won) from the 13th and USD 1.21 (1,592 won) on the 20th. In the field, it is believed that the price is falling as the stock piled up all at once and is not consumed. However, with the opening of school in early March, a recovery is expected if meal supply increases. The reason for the drop in chicken prices was found to be weak due to an increase in supply due to the overlap of the decrease in body weight due to the cold and the existing shipments.
South Korea: Highly Pathogenic AI Confirmed at Two Chicken Farms in Jeongeup, 167K Slaughtered (Feb 25)
Jeonbuk-do announced on Feb 25th that the avian influenza (AI) virus recently detected in the native chicken farm and laying hen farm in Jeongu-myeon, Jeongeup-si was confirmed as highly pathogenic for the H5N1 type. The province slaughtered 37K native chickens and 87K laying hens from the farms by mobile heat treatment. In addition, 43K native chickens from a farm 200 meters away from the farm where the outbreak occurred are being culled as a preventive measure. Jeonbuk Province intensively disinfected poultry farms in quarantine areas within a radius of 10 km, restricted movement and entered into close inspections.
Egypt: The Foodstuff Division Reveals the Fact That Cheap Chicken Is Widespread in the Market (Feb 21)
Hazem Al-Menoufy, Head of the Foodstuffs, Grocery and Spices Division at the Alexandria Chamber of Commerce, said that the chickens that have spread in the markets over the past days and whose photos have increased in recent hours are frozen poultry imported from Brazil. Al-Menoufi added in statements that the new chickens are imported in large quantities from several companies, and entered Egypt this February, while they passed all the tests related to food and safety, and therefore there is no crisis in their circulation and purchase.
Egypt: Why Did the Government Put Imported Frozen Chicken on the Local Market? (Feb 23)
Ambassador Nader Saad, the official spokesman for the Council of Ministers, confirmed that the government's import of frozen chicken will not be for the purpose of profit, but rather to fill the deficit, as the General Authority for Supply Commodities and state-affiliated holding companies have imported 50K MT of poultry from Brazil to put it at cost in the local market to solve the crisis of high prices. Saad said that the frozen chickens were imported from the number 1 country in the world that exports poultry to the European Union, which is strict in the procedures of imported goods for its markets. Saad added that Brazil's exports of frozen chickens are equivalent to 21% of the world's poultry exports, with a value of USD 8.5B in 2022. Saad confirmed that the government introduced imported frozen chicken in the local market, which is a commodity that is not sold by force.
Egypt: The Price of Chicken Is USD 0.98 on the Alexandria Chamber of Commerce (Feb 23)
Hazem Al-Menoufy, Head of the Foodstuffs, Grocery and Spices Division at the Alexandria Chamber of Commerce, said that the market witnessed a significant increase in the price of the white chick, which reached approximately USD 0.98 (30 pounds), while the price of the pan in the market reached approximately USD 6.53 (200 pounds). Al-Menoufi also said that at the present time, prices vary before the start of the holy month of Ramadan, in which the demand for meat in general increases. He added that the prices of white chickens on farms on Feb 23 have risen to USD 3.40 (104 pounds) until they are sold in the market at approximately USD 3.46 (106 pounds), while the price of white sasso chicks has reached USD 3.17 (97 pounds) and is sold to the consumer at a price of approximately USD 3.40 (104 pounds), while the price of mother chicks to the consumer reaches about USD 3.07 (94 pounds) in conjunction with the rise in the price of the chick. He pointed out that the chickens that have spread in the markets over the past days, and the circulation of their pictures increased during the last hours, are frozen poultry imported from Brazil.
Egypt: Find Out Where Brazilian Chicken Is Sold in the Local Market (Feb 23)
Search rates for places to sell Brazilian chicken have increased, via the famous search engine “Google” on the Internet, which has become a preoccupation for a large number of citizens for days as a result of the high prices of local chicken, whether slaughtered or frozen. “Al-Mal” provides places for selling Brazilian chicken in the local market through the branches of the consumer complexes of the Nile and Alexandria companies affiliated to the Ministry of Supply and spread in the governorates of Cairo, Qalyubia, Giza and Alexandria. Places for selling Brazilian chicken are also available in the branches of the Egyptian Company for Wholesale Trade and the branches of the General Company for Wholesale Trade, which are affiliated to the Holding Company for Food Industries, one of the companies of the Ministry of Supply. The prices of a kilo of Brazilian chicken range from USD 2.12 to USD 2.94 (65 pounds to 90 pounds), depending on the weight, as the weight of the frozen Brazilian chicken ranges from 1kg, 1.1kg, 1.2kg, and 1.3kg.
Egypt: Chicken Prices Decreased by USD 0.29 After Importing 100K MT (Feb 24)
Sameh Al-Sayed, head of the Poultry Division at the Chamber of Commerce, revealed a decline in poultry prices for farmland delivery from levels of USD 2.61/kg (80 pounds) to USD 2.31/kg (71 pounds) for delivery on Feb 24, expecting a further decline during the next few days, which will be reflected in the final price for the consumer. Sameh Al-Sayed added that the drop in prices came after putting 100K MT of frozen poultry on the market, imported from Brazil, which is less than its counterparts in the market by more than 30%, indicating that these quantities are offered at the outlets of government agencies, including those of the Ministry of Supply.
Brazilian chicken raised a state of welcome and condemnation by a large number of citizens as a result of its introduction to the local market, despite the availability of its locally produced counterpart. The sources pointed out that these contracts are made through the Holding Company for Food Industries, with the aim of providing food and consumer goods, whether local or imported, at suitable prices for low-income people. The sources added that the Brazilian chickens were introduced in March 2022, and were at lower prices than those in the local market at the time. The sources indicated that the price of the Brazilian chicken, which was offered in supply outlets during March 2022, ranged from USD 1.43 to USD 1.88 (44 pounds to 57.60 pounds), depending on the weight. The sources said that frozen Brazilian chicken is currently being offered at prices ranging from USD 1.96 to USD 3.10 (60 to 95 pounds), depending on the weight, while the price of a kilo of chicken in the local market ranges from USD 3.00 to USD 3.91 (92 to 120 pounds).
Egypt: Chicken Prices Have Decreased by USD 0.65, and a Kilo for Consumers Is USD 2.44 (Feb 25)
Sameh Al-Sayed, head of the Poultry Division at the Giza Chamber of Commerce, announced that chicken prices for consumers fell from USD 3.10/kg to USD 2.44/kg (95 pounds to 75 pounds) in Feb 25’s dealings, with a drop value of USD 0.65 (20 pounds) in less than 24 hours, indicating that the kilo of farmland delivery decreased by USD 0.33 (10 pounds) from USD 2.61 to USD 2.28 (80 to 70 pounds). Sameh Al-Sayed added, in statements to “The Seventh Day”, that the markets responded to pumping more supply in the past hours, after providing 100K MT of Brazilian poultry, which contributed to the decline in prices, expecting a further decline with the return of the full production cycle in the Egyptian market. The head of the poultry division revealed that the price of chicks also decreased from USD 0.98 to USD 0.62 (30 pounds to 19 pounds) for the white chick, and USD 0.55 (17 pounds) for the sasso chick in farms, and the price of the hybrid chick decreased to USD 0.26 (8 pounds), as well as USD 0.26 (8 pounds) for the municipal chick. He pointed out that the rates of decline in prices exceeded 20%, as expected by the poultry division in the Giza Chamber of Commerce more than 10 days ago, pointing out that the abundance of supply contributes to controlling prices with the approaching month of Ramadan and the high demand.
Egypt: Putting Out Brazilian Chicken in Those Places, Catch the 50K MT Before the Quantity Runs Out (Feb 25)
The government, represented by the Ministry of Supply and Internal Trade, offered 50K MT of frozen Brazilian chicken, at a price starting at USD 2.12/kg (65 pounds), in the branches of the consumer complexes of the Holding Company for Food Industries. The introduction of these quantities of Brazilian chickens came after the large increases that occurred in the price of a kilo of local chickens, which ranged from USD 2.77 to USD 3.81 (85 pounds to 117 pounds) in the governorates of the Republic.
Egypt: The Importers Division in Egypt Reveals the Price of a Ton of Brazilian Chicken (Feb 26)
The Google search engine on the Internet witnessed many searches for the price of a ton of Brazilian chicken that was imported during the past few days, and some claimed that the price per ton reaches USD 0.85K (26K pounds). Frozen Brazilian chicken is offered in the local market at prices starting from USD 2.12 to USD 3.13 (65 pounds to 96 pounds), depending on the weight, in the branches of consumer complexes affiliated to the Ministry of Supply and Internal Trade. Frozen Brazilian chicken is also offered in Ahlan Ramadan outlets, exhibitions, and stands scattered throughout the Republic, with a number of 341 exhibitions in 17 governorates. In this context, Sayed Al-Nawawi, a member of the Importers Division of the Chamber of Commerce in Cairo, confirmed that the price of a ton of Brazilian chicken is not as it was published during the past hours on social media.
Egypt: Is the method of slaughtering Brazilian chickens done according to Islamic law? (Feb 26)
A state of controversy prevails in the Egyptian street after huge quantities of frozen Brazilian chicken were put on the local market, and whether the method of slaughtering it is done according to Islamic law. Sayed Al-Nawawi, a member of the Importers Division at the Chamber of Commerce, said that Egypt imports large quantities of frozen chicken without guts from Brazil and enters the market annually. Al-Nawawi confirmed that the method of slaughtering Brazilian chickens is carried out in accordance with Islamic law and conforms to the Egyptian standard specifications, and is offered in the local market at a price of USD 2.12/kg (65 pounds).
Argentina: Beefing up Security Measures as Number of Avian Flu Cases Grows (Feb 21)
Argentina's health authorities have decided to up their biosecurity measures following the increase in the number of avian flu cases detected nationwide, particularly in provinces bordering Uruguay, but also in Córdoba and Salta. After declaring a sanitary emergency a few days ago, the National Agri Food Health and Quality Service (Senasa) reinforced epidemiological surveillance controls. Thus, the agency is dealing with cases in backyards, carrying out surveys in the areas where positive cases were detected. The agency continues to carry out raking and surveillance in Córdoba and Salta, in addition to preventive controls in the province of Entre Ríos on the border with Uruguay.
Egypt: Brazilian Chickens Prevail Over Local Poultry in the Price Battle (Feb 25)
The Brazilian chickens imported by the state succeeded, during the last period, in dropping the prices of locally produced white poultry by about USD 0.65 (20 pounds) for the final consumer. Abdel Aziz Al-Sayed, head of the Poultry Division at the Cairo Chamber of Commerce, said that the prices of white poultry fell on Feb 25 to USD 2.44 (75 pounds) for the consumer, instead of USD 3.10 (95) during the last period. The volume of investments of poultry farms operating in the Egyptian market is about USD 2.93B (90 billion pounds), and more than 2.5M workers work in the sector.
Argentina: New Positive Cases of Avian Flu in Backyard Birds in Córdoba (Feb 22)
The National Service of Sanitation and Agro-Food Quality (Senasa) of Argentina confirmed three new cases of avian influenza (AI) H5 in domestic birds (chickens and other birds) found dead in the province of Córdoba, in the municipalities of Villa del Rosario, Deheza and Baldisera. The detections were confirmed on Feb 22 in analyzes carried out by the Senasa National Laboratory on samples taken from chickens and other dead birds. Thus, to date, there are 8 confirmed cases in wild and backyard birds (5 in Córdoba, 1 in Salta, 1 in Santa Fe and 1 in Jujuy). Senasa is working in the region where the findings were made, as well as in Jujuy, Salta and Santa Fe, and in Entre Ríos, on the border with Uruguay, strengthening controls and preventive measures.
Paraguay: The Risk of Avian Influenza Entering Paraguay Is Greater Than 50% (Feb 21)
Considering the progress of cases of avian influenza in America, the National Service for Quality and Animal Health (Senacsa) reveals that the current risk situation is in a range of "high to imminent", so it is estimated that the probability of entry of the disease into the country would be greater than 50% in the next six months. In Paraguay, two suspicions were reported, but both gave a negative diagnosis. Paraguay is on maximum alert due to the increase in cases of avian influenza in the continent and this increases the probability of entry of the disease (greater than 50%) in the next six months. Currently, there are 16 countries in the Americas that have identified cases of avian influenza, including Canada, Chile, Colombia, Ecuador, the United States, Honduras, Mexico, Panama, Peru, Bolivia, Venezuela, Argentina, Uruguay, Cuba, Costa Rica and recently Guatemala.
Turkey
Egypt: Turkey Prices for the Consumer in the Local Market (Feb 26)
Turkey prices have decreased to USD 2.93 and USD 3.91/kg (90 and 120 pounds) in the local market, and the volume of Egyptian poultry production has reached 4M chickens per day, and the price of a kilo of turkey has fallen to USD 4.89 and USD 5.21 (150 and 160 pounds), depending on the region.
Argentina: Confirmed Cases of Bird Flu in Backyard Animals (Feb 21)
The National Agri Food Health and Quality Service (Senasa) confirmed new cases of avian influenza (AI) H5 in Argentina, with the novelty that they were detected no longer in wild birds, but in "backyard" species; that is, raised in houses in a homemade way. First, the disease was found in backyard turkeys found dead in Alejo Ledesma (Córdoba), and also in a hen en route to La Isla, Cerrillos department, in the suburbs of Salta. Later, the health agency also reported more cases in backyard chickens and ducks in Villa Cañás, Santa Fe. It should be remembered that after the first case was reported in wild birds in Jujuy, and after Senasa declared a health emergency, the disease had also been found in dead ducks in the Las Mojarras lagoon, in Córdoba.
Duck
Egypt: Duck Prices for the Consumer in the Local Market (Feb 26)
Duck prices have fallen today to USD 2.12 and USD 3.10/kg (65 and 95 pounds), and the Ministry of Agriculture aims to increase poultry export rates by storming the Saudi and Kuwaiti markets during the current year, after its success in entering the UAE and Oman last year.
Egg
Malaysia: Prices of Chicken and Eggs to Be Floated After June (Feb 21)
The prices of chicken and eggs are expected to be floated after June, as part of the government's efforts to overcome food shortages, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu. Mohamad said the prices would be floated, so that the Ministry of Domestic Trade and Cost of Living could monitor and assess fluctuations in prices of the goods compared to the current ceiling prices. The current retail ceiling price in Peninsular Malaysia for standard chicken is USD 2.10/kg (RM9.40), and for eggs, it is USD 0.10 (45 sen) for Grade A, followed by USD 0.096 (43 sen) for Grade B, and USD 0.091 (41 sen) for Grade C. In Langkawi, Sabah, Sarawak and Labuan, the maximum prices of the items differ based on zones and districts.
China: The Price Ratio of Eggs and Feed in the Third Week of February 2023 Was 2.63 (Feb 21)
According to the Price Monitoring Center of the National Development and Reform Commission, as of the week of February 15, the national egg-feed price ratio this week was 2.63, which was the same as the previous month. Based on current prices and costs, the future profit of laying hens will be USD 3.30/egg (22.64 yuan). Egg prices rose first and then fell this week, and the average weekly price was slightly lower than last week. In the first half of the week, as egg prices fell to a staged low, dealers carried out more low-level replenishment operations, and demand increased, driving egg prices up. Half a week, with the end of the phased replenishment, the demand decreased, coupled with the slow digestion of the terminal market, the egg price fell.
Japan: Egg Prices Surge on Bird Flu, Costs of Feed and Labor (Feb 23)
An avian influenza outbreak and rising feed costs are behind a shortage of chicken eggs in Japan that has led to rising prices for popular restaurant items including beef bowl dishes as well as the household staple mayonnaise. Poultry farmers were already reducing the number of egg-laying hens in response to soaring feed prices fueled by the war in Ukraine when bird flu hit Japan late last year. The increase in chicken culls has made the supply of eggs unstable , causing wholesale prices to skyrocket.
