Tuesday, September 28, 2010

China's domestic egg prices soar

China's domestic egg prices have been rising since June, according to reports.
A full one-third of the country is experiencing egg retail prices over RMB10 (US$1.49) per kilogram. While prices may drop slightly after the holidays, breeding and feed costs are expected to remain high, influencing egg numbers. A shortage of supply, hot weather (which decreased egg production in China by as much as 30%), flooding in south and northeast China and rising transportation costs have also contributed to the rise in egg prices.

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