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Home > News > Food Industry News > Egg Price Rebounded Average Price to 4 yuan for the third time this year

Egg Price Rebounded Average Price to 4 yuan for the third time this year

ECHEMI 2019-07-23

eggs-price

Affected by such factors as rising temperature, rising pork prices and raising costs, egg prices began to rebound and entered the four-yuan zone again, which is the third time that egg prices have returned to the four-yuan zone since this year.

According to price monitoring data of Harbin Development and Reform Department, the average retail price of eggs in the agricultural market was 4.1 yuan on the 10th, up 2.24% from yesterday, up 6.77% from last week, down 0.96% from last month and up 13.57% from the same period last year. Prices in individual farmers'markets are up to 4.5 yuan. Pork prices will not decline in the short term. Affected by this correlation, the price of eggs will fluctuate in the 4 yuan area in the later period, which is unlikely to decline. In addition, the Mid-Autumn Festival is approaching. According to the price law over the years, the price of eggs in the first month of the Mid-Autumn Festival is the highest stage of the year. Hence, it is expected that the price of eggs will continue to run above 4 yuan in the third quarter, with the possibility of breaking 5.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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