China: In the fourth week of November, the egg-feed price ratio increased by 6.52% month-on-month; egg prices may rise and then stabilize
Market & Price Trends
Published Nov 27, 2023
According to the Price Monitoring Center of the National Development and Reform Commission, the price of egg feed has increased by 6.52% month-on-month, leading to a predicted profit of 40.32 yuan per egg in the future. The supply of eggs is stable as breeders are reluctant to sell at low prices, causing prices to continue rising. However, it is expected that egg prices may stabilize or slightly drop in some areas as downstream buyers become more cautious.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
The supply of eggs is stable during the week, because the industry has a bullish attitude towards the market outlook. Breeding units are reluctant to sell at low prices, and downstream links are purchasing according to the trend. The overall market circulation is accelerating, and egg prices continue to rise. Market supply and demand may be roughly balanced next week, and downstream purchases at high prices Becoming more cautious, it is ...