The April-September ‘21 average price of EU eggs increased by 1% to EUR 1,264/MT against the previous average (Oct ’20-Mar ‘21). EU egg prices showed a downward trend between April and mid-August as the EU placed a larger number of egg-laying hens since February 2021, which continued till June. EU egg prices started rising in mid-August with a decline in egg production in Ukraine, one of the largest egg suppliers to the EU.
Meanwhile, the six-month average price of US eggs (Apr ’21-Sep ’21) decreased by 8% to USD 1,034/MT, compared to the previous average (Oct ‘20-Mar ‘21), mainly driven by large egg inventories in the country. The retail market indicators such as shell-egg inventories (supply-side) and national egg purchases (demand-side) indicated that the industry is building up stocks, while the retail demand lagged the supply.
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.