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Update: Egg Market - March 2021

April 6, 2021

1 mins read

 

The Oct ‘20-Mar ‘21 average price of EU eggs decreased by 2% to EUR 1,251/MT against the previous average (Apr ‘20-Sep ‘20). The seasonal price decrease was driven by the placement of more egg-laying hens in Q2 and Q3 2020 compared to the same period in the previous year. France, one of the largest EU egg producers, placed 5% more egg-laying hens in Q2 2020 compared to Q2 2019. Meanwhile, Poland placed 9% more egg-laying hens in Q3 2020 compared to Q3 2019.

Meanwhile, The six-month average price of US eggs (Oct ‘20-Mar ‘21) increased by 24% to USD 1,133/MT, compared to the previous average (Apr ’20-Sep ‘20) and 9% y-o-y. High feed ingredient prices increased the cost of production, thereby supporting US egg prices. Egg prices seasonally declined in November and early December 2020, before recovering in late December due to continued elevated demand at retail during Christmas.

From economical to political, all the factors impacting the egg market have been analysed to provide a market outlook for the next six months. Mintec’s market outlooks (schedule) provide insights on factors shaping the market dynamics of various commodities, providing the opportunity for market participants to stay ahead of factors that will impact procurement decisions. Please visit our Mintec Analytics platform to find out more.

 

 

 

 

Topics: Meat & poultry
Rutika Ghodekar
Rutika Ghodekar

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