- According to analysts, the limited increase in egg supply despite high profitability is largely the result of the transformation of the egg production sector among some significant EU egg producers, especially in Germany, which involves replacing cage farming with cage-free farming.
- For this reason, they believe that the space for a significant decline in egg purchase prices in the coming quarters is limited.
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Falling feed prices keep poultry production profitable
Egg purchase prices will remain relatively high
According to the data presented in the agromap, in the period from January to March 2024, the value of Polish egg exports decreased by 23.1%. y/y compared to an increase of 95.7%. in the same period of 2023, which was primarily the result of lower prices obtained by exporters.
Deterioration of profitability of egg production on an annual basis
The authors of the report noted that the purchase price of class M eggs in April was PLN 48.86/100 pieces (-31.9% y/y), and the price of feed for laying hens was PLN 1.42/kg (-24%). .2% y/y). As a result, in April the price ratio for 100 eggs/feed was 34.46 compared to 38.44 a year earlier, indicating a deterioration in the profitability of egg production on an annual basis.
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Cargill sells another Polish plant to Drosed
Egg purchase prices – forecast for 2024 and 2025.
"Taking into account the prospects for the situation on the EU and domestic egg markets, we forecast that the purchase price of class M eggs at the end of 2024 will be approximately PLN 50/100 pieces and approximately PLN 48/100 pieces at the end of 2025." – analysts emphasize.
The main risk factors for their egg price forecasts are the course of bird flu in the next season in Europe, as well as the pace of supply growth among the largest egg producers, as noted by the authors of the report.
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