Automotive, Consumer Staples Nov 11, 2021 01:58 PM (GMT+8) · EqualOcean
In October, the off-season of egg market was not light, and the high price of egg exceeded the highest price in the third quarter. This year, egg prices are easy to rise but difficult to fall. The most fundamental reason is that egg supply continues to be tight. In terms of demand, the boost of "double 11" to egg demand is not obvious, and the vegetable price is lower than that in October, so the support of vegetable price to egg price is weakened. Due to the poor delivery in the market, it is expected that there may be room for short-term egg price reduction, but the supply side will still support the egg price. It is expected that the egg price may maintain a narrow shock adjustment trend in November. On the whole, although the cold winter has come, the supply is relatively sufficient to support the egg price. This year, the egg market may experience a "warm winter".
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