Source: latest quotation for egg price

Recently, there has been another outbreak of bird flu in the United States, Japan and other countries, causing egg prices to soar again.

David Anderson, a professor of agricultural economics at Texas A & M University and a food economist, said: "the price of eggs has risen sharply.OkumatelecarpThe reason is that highly pathogenic bird flu attacked egg farms, resulting in the death of chickens and a reduction in egg production. "

More than 8 million birds in commercial flocks in the United States are still infected in the past 30 days, according to the U.S. Department of Agriculture. Two weeks ago, Cal-Maine, the world's largest egg producer, temporarily suspended production and slaughtered nearly 2 million chickens at one of the factories after the bird flu outbreak.

"many countries and regions around the world, such as the United States, the European Union, Russia, South Africa, India and Nigeria, are facing the highest egg prices in history," said Nan-Dirk Mulder, a senior analyst at Rabobank.

A dozen A-sized eggs currently sell for 2% in the United States.Okumatelecarp.41 US dollars, up 10% year-to-date.

In Japan, poultry farms in several prefectures have reported cases of bird flu, infecting hundreds of thousands of hens. The price of Japanese medium-sized eggs rose more than 20% from 179 yen ($1.16) per kilogram at the beginning of the year to about 218 yen per kilogram on April 17.

From Mexico to Norway to Indonesia, egg prices have also risen for a variety of reasons.

According to local media reports, hot weather in Mexico caused several hens to die of heatstroke. Due to the strong heat wave, the price of Mexican eggs rose 30% a week to 45 pesos ($2.63) per kilogram. On April 15th, Mexico had its highest temperature in history. In addition, the price of Indonesian purebred eggs has risen by more than 10% since the beginning of this year.

As a result, consumers around the world are looking for new ways to cope with higher egg prices.

In Norway, egg shortages during Easter forced some Norwegian to flock to neighboring Sweden, where they hoarded eggs. A 12-month index of Norwegian egg consumer prices showed that Norwegian egg consumer prices rose 17.4% in March, according to a local research database.

Bird flu is not the only factor affecting the supply of eggs. Other drivers include an increase in demand for eggs as a result of rising meat prices.

Anderson of Texas A & M University said: "the retail prices of beef, pork and chicken are at record highs, so eggs can be used as substitutes, which means the price of eggs will go up."

However, in China, the price of eggs is still falling, and egg companies are losing money.

According to data released by the National Development and Reform Commission, the national egg price ratio this week was 2.39, up 3.02% from the previous month. According to the current price and cost, there will be a loss of 1.17 yuan per layer in the future.

Egg prices in producing areas bottomed out last weekend, but demand has not improved, and egg supply is still plentiful. Egg prices have fallen this week as the market slows down, but the weekly average price is slightly higher than last week.

Short-term demand remains flat, and the supply of eggs is still relatively abundant, but as International Labour Day approaches, demand may increase temporarily, egg prices are expected to fall first and then rise next week, and the expected profit of laying hens may still be at a loss.

(source: Huitong Network, Egg World Integration)