China's Egg Prices Plummet Due to Low Demand and...
China News
May 14, 2024
Egg prices in China have experienced a significant decline, reaching as low as 80 U.S. cents per kilo in some areas, marking a 27 percent decrease compared to the same period last year. The oversupply of eggs coupled with low demand has led to this sharp drop in prices, causing distress for egg farmers across the country. Rising costs of feed and labour are exacerbating the situation, with some farmers selling their produce at a loss.