Eggs are recognized as "full nutritional ingredients", rich in protein, as well as amino acids required by the human body, very common on the table, can be described as the "food of all people" in the mainland, occupying an important position in the "vegetable basket" of residents. Egg prices have remained high over the past few years, putting pressure on consumers. Now the price of eggs continues to decline, and eggs have fallen sharply recently, and the price of eggs in some areas has fallen to 3.6 yuan per catty. Whether it is a consumer or a farmer, they are very concerned about the later trend of eggs, so let's learn about the forecast of the egg market trend in May 2024.
Egg prices plummet!
It is understood that egg prices have shown a downward trend since October last year. According to the monitoring of the Ministry of Agriculture and Rural Affairs, the wholesale price of eggs in April was 8.2 yuan per kilogram, and eggs in some areas have fallen below 3 yuan per kilogram, hitting a new low in nearly three years.
How much is a pound of eggs now?
1. Shandong region
The wholesale price of eggs in Laixi City, Qingdao City, Shandong Province is 5 yuan / catty; The wholesale price of eggs in Yinan County, Linyi City, Shandong Province is 5 yuan/catty; The wholesale price of eggs in Hedong District, Linyi City, Shandong Province is 4.8 yuan / catty; The wholesale price of eggs in Yuncheng County, Heze City, Shandong Province is 4.5 yuan / catty.
2. Hubei region
The wholesale price of eggs in Dongxihu District, Wuhan City, Hubei Province is 5.14 yuan / catty; The wholesale price of eggs in Jiangxia District, Wuhan City, Hubei Province is 5.2 yuan / catty; The wholesale price of eggs in Caidian District, Wuhan City, Hubei Province is 5.71 yuan / catty; The wholesale price of eggs in Xiangzhou District, Xiangyang City, Hubei Province is 4.4 yuan / catty.
3. Guangdong
The wholesale price of eggs in Futian District, Shenzhen, Guangdong Province is 5 yuan/catty; The wholesale price of eggs in Rongcheng District, Jieyang City, Guangdong Province is 5.69 yuan / catty; The wholesale price of eggs in Heshan City, Jiangmen City, Guangdong Province is 5.5 yuan / catty; The wholesale price of eggs in Tianhe District, Guangzhou City, Guangdong Province is 6.28 yuan / catty.
4. Anhui region
The wholesale price of eggs in the suburbs of Tongling City, Anhui Province is 5 yuan/catty; The wholesale price of eggs in Huoqiu County, Lu'an City, Anhui Province is 4.44 yuan / catty; The wholesale price of eggs in Yingdong District, Fuyang City, Anhui Province is 4.88 yuan / catty; The wholesale price of eggs in Qingyang County, Chizhou City, Anhui Province is 5.43 yuan / catty.
Note: The above egg prices are all from the wholesale quotation of Huinong.com's origin market, which is for reference only.
Egg market trend forecast for May 2024
Industry insiders said that the price of eggs continued to fall this year, affected by a variety of factors, the main reasons are as follows:
1. Sufficient supply
At present, the number of laying hens in the country is at a high level in the same period in history, and the supply is sufficient. Data show that as of the end of March, the national inventory of laying hens reached 1.233 billion, a year-on-year increase of 4%, the highest level in the past three years.
2. Traditional off-season
It is understood that March to May is the traditional off-season for eggs. Due to the influence of returning to Nantian, egg quality problems in the southern producing areas are frequent, and traders are less willing to take goods. In addition, the consumer group of food processing enterprises in the north has limited demand, and the end consumers are in the stage of hoarding goods before the consumption holiday, and the enthusiasm for procurement is not high.
3. Agricultural technological progress
With the continuous progress of agricultural technology, such as new feeding techniques, improved chicken house conditions, and the emergence of high-quality feed, the production of eggs in the mainland has been greatly improved, and the supply is sufficient, thus reducing the price.
4. The export volume is reduced
The domestic demand for eggs has been saturated, coupled with the intensification of competition in the foreign egg market, the export volume of eggs in the mainland has declined to a certain extent, bringing certain excess pressure to the domestic market, directly leading to a decline in prices. In addition, the current decline in the price of raw materials such as corn and soybean meal has supported the downward trend of egg prices.
For the later egg market trend, experts generally believe that the price of eggs in the future is expected to maintain a stable or downward trend, one is the growth of the number of laying hens, and the market has no early elimination behavior, the number of new laying hens has increased, and the supply is sufficient; Second, the government will continue to support the agricultural industry, further reduce the cost of agricultural production, and provide continuous impetus for the decline in egg prices; Third, from May to June, it is in the off-season for egg consumption. Therefore, it is expected that in the coming period, the national egg price will remain low.
The above is the introduction of the egg market trend forecast in May 2024, for the majority of consumers, the price of eggs has fallen, which is good news. But for farmers, it's hard to accept. In short, according to the current inventory of laying hens, the domestic egg supply is sufficient, superimposed on the high temperature in summer, the overall demand for eggs has declined, and the price of eggs is expected to continue to fall in the future.