The price of eggs has significantly increased compared to the same period last year, and experts predict that the market will tend to stabilize in the future.
According to reporters from Beijing Xinfadi Agricultural Products Wholesale Market, the wholesale price of ordinary eggs has surged about 5.5% compared to the same period last month and has increased approximately 48% compared to the same period last year, with a daily trading volume of 540 tons, up 128 tons year-on-year. Zhu Ning, an associate researcher at the Institute of Agricultural Economics and Development, Chinese Academy of Agricultural Sciences, indicated that looking ahead, as the Mid-Autumn Festival and National Day holidays approach, along with the start of a new school term for primary and secondary schools, the consumption potential for eggs will be fully unleashed. The price of eggs is expected to operate at a relatively strong trend. The supply of eggs is expected to increase due to a considerable number of chickens being replenished in the second quarter, coupled with a rise in new egg-laying hens recently. This is favorable for stabilizing egg prices, making it unlikely for egg prices to see a significant rise.
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