Tight Supply and Rising Egg Prices, Layer Farming Enterprises' Profits Expected to Recover in Q2
The average price of eggs in China has risen significantly, reaching 10.87 yuan/kg in the first week of June, a 5.9% increase from the previous week and a 21.3% rise year-on-year. This price surge is also reflected in the futures market, with the main egg futures contract hitting a new high. The market is currently experiencing tight supply, leading to a balanced supply-demand situation and improved profitability prospects for egg-laying hen farming enterprises in the second quarter. AI