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Egg prices in China fell 21.74% month on month in October to RMB3.96 per jin. Laying hen numbers are forecast to edge up in November.
Spot prices in main producing regions are expected to trade between RMB3.90 and RMB4.30 per jin.
Lower egg prices and a slight rise in laying hen numbers point to softer demand for layer feed in China in the near term. The projected price range suggests the decline may stabilize.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.