In recent times, the price of eggs in Mainland China has been continuously rising. At the Beijing Xinfadi Market, the price of loose eggs has increased by over 20% in just one month, compared to nearly 50% surge from early April. Meanwhile, the average price of eggs in the main production areas has risen by over 75% year-on-year. Additionally, retail platforms such as Sam’s Club, Hema, and JD Daojia have started displaying restrictions on some egg products.
According to a report by “Lanjing News” on June 12, the price trend at the Beijing Xinfadi Market revealed that on June 10, the average price of loose eggs was 5.85 yuan per jin, a more than 20% increase from a month ago when it stood at 4.7 yuan per jin. Compared to the price on April 1 of 3.95 yuan per jin, the increase is close to 50%.
Citing the latest report from Shanghai Zhengzhou Futures, on June 9, the average price of eggs in the main production areas was 5.11 yuan per jin, marking an increase of 0.46 yuan from the previous week, a weekly increase of 9.89%, and a substantial year-on-year surge of 75.6%. Furthermore, data from Wind, a financial data and analysis service provider, shows that egg futures prices on the Dalian Commodity Exchange have reached a high point in the past two years.
The rise in egg prices has now reached the retail sector. Chinese media reports have indicated that in the past two months, prices of some egg products from large retailers such as Hema and Sam’s Club have surged by over 20%. Simultaneously, restrictions on the purchase of certain egg products have been implemented on platforms like Hema, Sam’s Club, Walmart, and JD Daojia.
As per a report by “The Economic Observer,” Sam’s Club’s online platform offers a 1.5kg pack of selected fresh eggs for 35.76 yuan, with a limit of two packs per person. The customer service at Sam’s Club mentioned that some egg products are currently subject to purchase restrictions, with some being limited on a daily basis and the relevant arrangements subject to potential daily changes, making the end date uncertain.
Alibaba’s fresh retail platform, Hema, has also placed restrictions on its “Assu…