Contrary to the usual rainy-season decline, Chinese egg prices have risen since mid-April. The main 2607 egg futures contract rallied to 4,485 yuan/500 kg on June 4, the highest since late July 2024, while national wholesale spot prices are over 30% above April 9. Market participants cite 2025 industry losses driving capacity withdrawal, low inventories, festival restocking and speculative fund flows as the primary drivers. In the near term supply tightness is unlikely to fully reverse and price

Contrary to the usual rainy-season decline, Chinese egg prices have risen since mid-April. The main 2607 egg futures contract rallied to 4,485 yuan/500 kg on June 4, the highest since late July 2024, while national wholesale spot prices are over 30% above April 9. Market participants cite 2025 industry losses driving capacity withdrawal, low inventories, festival restocking and speculative fund flows as the primary drivers. In the near term supply tightness is unlikely to fully reverse and prices may remain elevated, though upside volatility at high levels is a growing risk.