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Egg
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In May, the average price of EU egg dropped by 3.8% m-o-m and 5.2% y-o-y to reach EUR 1,254/MT, mainly
driven by high supplies in the market. The EU 2021 egg production is forecast to increase by 2.5% y-o-y due to
biosecurity measures implemented at poultry farms in countries including Spain, Germany and France, to control
the AI in egg-laying hens. This has led to an increase in the egg-laying population in the EU, thus weighing on
prices.
The average price of US egg fell marginally by 1% m-o-m to reach USD 1,043/MT in May. However, the price
increased 23.6% y-o-y during the same period as producers placed fewer birds to the layer flock in March and April,
with decreasing profit margins due to high feed costs. A rise in shipments to Canada, Japan and South Korea also
supported US egg prices.
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Egg medium del bulk ave US - USD/MT
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21 May 21
200
600
1,000
1,400
1,800
MR21 - Egg medium del bulk ave US
Egg medium/large whs EU - EUR/MT
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21 May 21
600
1,000
1,400
1,800
UW96 - Egg medium/large whs EU