China - Price of eggs up 9.6% year-over-year, chicken price up 7.7%, commercial broiler chicks up 39.9% - April 11, 2023

[sharon sanders]

April 11, 2023 15:23

snip


　poultry product prices
　　The national average price of eggs was 11.66 yuan/kg, a decrease of 0.7% from the previous week and a year-on-year increase of 9.6%. The price of eggs in 10 major producing provinces including Hebei and Liaoning was 10.59 yuan/kg, a decrease of 1.2% from the previous week and a year-on-year increase of 8.1%. The national average chicken price was 24.30 yuan/kg, down 0.1% from the previous week and up 7.7% year-on-year. The average price of commercial egg substitute chicks was 3.95 yuan per chick, a decrease of 0.3% from the previous week and a year-on-year increase of 8.2%. The average price of commercial broiler chicks was 4.14 yuan/piece, down 0.2% from the previous week and up 38.9% year-on-year.

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zhttps://finance.eastmoney.com/a/202304112687720211.html

 

[sharon sanders]

So why follow egg prices? It can be an indicator of a larger problem.

For instance in the US, the USDA reports that egg prices are up 136% year-over-year in March. Well...the US has had a huge avian flu outbreak in poultry farms for a year. link

The China government manipulates the food markets because they know that an unaffordable price range can destabilize their regime. So a report of a 9.6% increase in egg prices year-over-year should be read as "at least". For instance please see:

China - Price controls implemented to guarantee supply of "vegetable baskets" and "rice bags" for Spring Festival at Hangzhou market, Zhejiang province - February 17, 2021