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China - Egg prices down 15% in 2015 due to weakness in consumer demand - Guangzhou, Guangdong province

sharon sanders

Editor-in-Chief & President
Egg prices below 5 yuan
Ocean News Time: 2015-04-14 Source: Guangzhou Daily Author: Gengxu Jing
 
An adequate supply of eggs weak consumer wholesale drop four percent
  Guangzhou Daily News (Reporters Gengxu Jing) "actually can buy on the market price of eggs 4 prefix, eggs really cheap." Recently, many people find that the price of eggs began to quietly fall. Reporters from Guangzhou price monitoring department was informed that this year, Guangzhou wholesale egg prices continued to fall, from the high dive more than four percent last year; the retail price has declined, but the magnitude is relatively small.Expected to near Guangzhou wholesale egg prices will continue at low levels, the retail price is still room for further decline.
  Price:
  Four percent more than the wholesale price of eggs Diving
  Recently, many people have found that egg prices began to fall quietly.Reporters saw yesterday in the Haizhu a supermarket, eggs special promotions 4.58 yuan / kg. Member of the public told reporters: "We have not seen for a long time the price of eggs 4 prefix in early cheapest supermarket eggs every five yuan more than a pound, that time is now down more than 15%."
  Guangzhou price monitoring department data show that the current wholesale egg prices hit a new low since last year. April 9, Chatou egg wholesale market of ordinary red shell eggs wholesale price of 6.6 yuan / kg, compared with the beginning of the year fell by nearly thirty percent, compared with last year's Mid-Autumn Festival in front of the high price fell more than four percent, down significantly. Chatou egg wholesale market relevant person in charge told reporters yesterday: "Today's price a little back up some, is 6.9 yuan / kg, but still remain low." It is reported that from May to September last year, egg supply is tight and festivals of factors influence, Guangzhou egg prices continue to rise, reaching new heights. Before and after the Mid-Autumn Festival, egg prices began to decline slightly continued influence antecedents in the Chinese New Year holiday effect, the price tends to be stable, but after the Spring Festival to regain the downward trend, falling.
  With wholesale prices fell sharply, Guangzhou, along with a steady decline in the retail price of eggs. April 9, egg farmers market retail price of 10.53 yuan / kg, compared with the beginning of the year fell by 15.5%, compared with last year's high prices fell by more than two percent, but compared with the wholesale price declines, the relatively small decline .
  The reason:
  Egg consumption was more sluggish supply
  "This year's downturn in consumption exceeded market expectations." According to the analysis of the price department, egg prices is largely due to market supply restructuring, while weak demand. 2014, due to the egg industry has been the impact of H7N9 outbreaks again, resulting in many egg farmers Bulan wishes low, resulting in laying hens breeding stock have certain level of decline than in previous years, the relative lack of egg production, resulting in annual prices than in previous years high. Affected by higher profits in 2014 laying hens, farmers Bulan enthusiasm high, from the beginning of the fourth quarter of 2014, the reserve chicken breeding stock began to increase along with the new hens Bulan gradually into production after the Spring Festival egg stage, led to the recent egg supply remains adequate.
  On the other hand, continued weakness in consumer demand for eggs. In accordance with usual practice, the annual Spring Festival after entering the egg off-season demand, weak consumer demand in general, but this year's downturn in consumption exceeded market expectations. It is part of the egg farmers Guangzhou reflects the overall economic situation and a variety of factors such as holiday demand affected by the overlay, only after the Spring Festival, the degree of weakness in consumer demand for eggs and even in previous years, that egg consumption demand during the Spring Festival Spring Festival has also been subdued than in previous years .
  Forecast:
  Retail price or fall further
  It is predicted that the recent wholesale price of eggs will continue to be weak to run the retail price or is still down space.
  Since last year, egg prices continued to fall, the cumulative decline significantly, the current low price of eggs in recent years, farmers widespread losses, is expected to post the wholesale price of eggs has little room to continue to decline, but the market supply is generally adequate, egg prices in the short term it is difficult to effectively rebound, the shock at low levels.
  Due to the relatively small retail prices in the early fall of magnitude, in the wholesale egg prices continued to run low condition or future retail price of eggs is still room for further decline.
  Wholesale prices dropped by four percent
  April 9, Chatou egg wholesale market of ordinary red shell eggs wholesale price of 6.6 yuan / kg, compared with the beginning of the year fell by nearly thirty percent, compared with last year's Mid-Autumn Festival in front of the high price fell more than four percent.  
  Retail prices dropped by two percent
  April 9, egg farmers market retail price of 10.53 yuan / kg, compared with the beginning of the year fell by 15.5%, compared with last year's high prices fell by more than two percent.


zhttp://gzdaily.dayoo.com/html/2015-04/14/content_2903749.htm

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