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China - The wholesale price of eggs rises by 20% in one month in Beijing - August 11, 2021

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  • China - The wholesale price of eggs rises by 20% in one month in Beijing - August 11, 2021



    The price of eggs rises, 8 to 9 yuan per catty, to catch up with pork?
    747
      Original title: Egg price rises, 8 to 9 yuan per catty, to catch up with pork?

      Chinanews client, Beijing, August 11 (Reporter Xie Yiguan) "I bought a box of 450 grams of eggs on the e-commerce platform for 6.9 yuan in mid-July. Today, it has risen to 7.9 yuan, and it has risen in less than a month. One yuan." Less than exclaimed.

      In previous years, the price of eggs was not calm when it reached the “dog days”. This year, the price of eggs has risen fiercely. Is the “Rocket Egg” going to make a comeback?

    The price of eggs in a vegetable market in Xicheng District, Beijing. Photo by Xie Yiguan, a reporter from China News ServiceThe price of eggs in a vegetable market in Xicheng District, Beijing. Photo by Xie Yiguan, a reporter from China News Service

      The wholesale price of eggs rises by 20% in one month

      According to the monitoring of the Ministry of Agriculture and Rural Affairs, on August 10, the wholesale price of eggs was 10.67 yuan/kg, compared with 8.89 yuan/kg on July 9, an increase of 20% in one month.

      According to the monitoring of the National Agricultural Products Wholesale Market Price Information System of the Ministry of Agriculture and Rural Affairs, from July 30 to August 6, the price of eggs was 10.22 yuan/kg, up 6.7% month-on-month and 33.4% year-on-year.

      The wholesale end broke the "5 yuan" mark per catty, and the retail end egg prices also rose significantly.

      In a supermarket in Xicheng District, Beijing, the price of loose eggs was 5.98 yuan per catty, the price of net-bag firewood eggs and grain eggs was 15 yuan 15.8 yuan, and the price of 10 firewood eggs in a box was 21.8 yuan.

    The price of eggs in a supermarket in Xicheng District, Beijing. Photo by Xie Yiguan, a reporter from China News ServiceThe price of eggs in a supermarket in Xicheng District, Beijing. Photo by Xie Yiguan, a reporter from China News Service
      In a vegetable market in Xicheng District, Beijing, "Bulk eggs have risen to 6 yuan a catty, net bag five-grain eggs 15 yuan, and farm firewood eggs are 9 yuan a catty." The seller of eggs introduced.

      "Eggs have risen quite a lot recently. When I bought them in early July, they were still 3.9 yuan, but recently they have become 5.2 yuan." said Zheng Jie, who lives in Zhumadian, Henan.

      The price of eggs sold on e-commerce platforms is not cheap. On Hema Xiansheng, 400g of fresh eggs is 6.9 yuan, which is the cheapest one; on Daily Fresh, a box of 750g of 15 fresh eggs is priced at 19.9 yuan, and one egg costs more than 1 yuan.

      It is worth mentioning that, according to the latest monitoring by the Ministry of Commerce, the wholesale price of pork is 10.28 yuan per catty; in a Yonghui supermarket in Haidian District, Beijing, the price of about 500g of skin front thigh is 12.9 yuan. This means that the price of hardcover eggs has caught up with the price of pork.

      Not only that, but the rising price of eggs has also driven up the cost of related products.

      An owner of pancakes selling miscellaneous grains told a reporter from Chinanews.com that recently the purchase price of a basket of eggs was 237 yuan, which was 5 yuan higher than the previous two days. "However, the price of eggs is adjusted frequently. The lowest price was 166 yuan per basket, and I never thought about adjusting the price of the products in the store."

    Data map: Chinese pancakes. Photo by China News Agency reporter Liao PanData map: Chinese pancakes. Photo by China News Agency reporter Liao Pan
      Why is the price of eggs rising rapidly?

      "The decrease in supply and the slight increase in demand are the main reasons for this round of egg price increases." Zou Xiaodong, an analyst at Zhuochuang Information, told a reporter from Chinanews.com.

      “On the supply side, the profitability of early layer breeding was not satisfactory. Breeding units often reduced the scale of stock or extended the empty period. As of the end of July, the national stock of laying hens was 1.171.9 billion, a year-on-year decrease of 9.64%.” Zou Xiaodong said.

      Zou Xiaodong also mentioned that the egg production rate of small and medium retail layer hens dropped by about 10% after the summer, which also reduced egg production. In late July, the central and northern part of Henan was affected by heavy rains, and some chicken houses were damaged, which also made the market insufficient egg supply.

      "In terms of demand, affected by public health incidents, end consumers and distributors at all levels in Jiangsu, Henan and other places are actively preparing goods, and the speed of egg digestion has accelerated; some food companies began to prepare goods before the Mid-Autumn Festival, which stimulated market demand."

    Data map: The breeder is feeding the chickens. Photo by Huang YanmeiData map: The breeder is feeding the chickens. Photo by Huang Yanmei

      Mid-autumn moon cakes are ready for stock, and the price of eggs will continue to rise?

      According to Zou Xiaodong's analysis, with the gradual approach of the peak demand season before the Mid-Autumn Festival, the purchasing enthusiasm in all downstream links has increased, and market circulation has accelerated.

      "It is expected that high prices will appear around mid-to-late August, and the average price in major production areas across the country may reach 5.30-5.40 yuan/kg. This is a normal price increase expectation during the peak season." Zou Xiaodong said.

      Liu Tong, head of the Beijing Xinfadi Market Statistics Department, believes that after the Mid-Autumn Festival, the demand for eggs in pastry factories will decline. "When the conditions that drove the increase in egg prices disappear, there will also be seasonal declines in egg prices."

      Have you bought eggs recently? How much is a catty?

    zhttps://news.sina.com.cn/o/2021-08-11/doc-ikqcfncc2109599.shtml


  • #2
    10.67 Yuan to US Dollars

    Convert ¥ 10.67 Yuan to US Dollar with today Exchange rate
    10.67 CNY = 1.65 USD

    https://currencymatrix.com/convert/10.67-cny-to-usd

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    • #3
      bump this

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