Egg prices began to recover at the beginning of November, with the increase in egg prices being more intense than the increase in the price of corn, as indicated by a survey by Scot Consultoria. Given this scenario, the exchange rate for laying hens is more favorable.

According to market analyst Juliana Pila at Scot Consultoria, egg prices had been falling sharply, and now in October and early November, they have started to recover. “Prices are currently rising more intensely than the increase in the price of a bag of corn,” she told Notícias Agrícolas.

According to data from Scot Consultoria, egg prices on the São Paulo farm are priced at R$115.00 per box of 30 dozen and have increased by 17.26% compared to the price observed on October 1, when prices were close to R$98.50 per box of 30 dozen. 

The prices for wholesale eggs in São Paulo are being negotiated at R$120.00 per box of 30 dozen and there was a gain of 16.50%, compared to the prices observed on October 1st, when they were priced at R$103.00 per box of 30 dozen. 

However, the Scot analyst still warns that caution is needed since the egg market is unstable and may suffer devaluation in the short term, and it is possible that this exchange rate could become unfavorable again.

According to information from Cepea, the increase in egg prices was influenced by demand, which recovered at the beginning of October, raising prices in the first fortnight and, consequently, the monthly average, and by the reduction in supply, due to the disposal of older laying hens.

In the annual comparison, information from HN Agro highlights that the exchange rate for white eggs compared to corn fell 8.07% in November this year, compared to the same period in 2023. The exchange rate for brown eggs fell 9.1% in November compared to the same period last year.

The Director of HN Agro, Hyberville Neto, highlighted that in one year, corn prices appreciated by 21.6% and there was a decrease in the exchange rate in the annual comparison. For the box of white eggs, the exchange rate is 24.9% lower compared to cereal, which was at 2.3 bags of corn for each box, and is now at 1.75. 

Regarding brown eggs, the exchange rate was 2.65 bags of corn per box, and is currently 1.98 bags of corn per box. “This represents a drop of 25.2%, but this exchange rate has been falling since April of this year,” commented Hyberville. 
 

In the case of soybean meal, Safras & Mercado analyst Fernando Henrique Iglesias reported that availability is abundant in the market and the crushing industry is paying the cost of margins. 

In a note, Cepea also reported that the purchasing power of poultry farmers in São Paulo increased compared to the oilseed derivative, interrupting the downward trend that had been observed for six months. According to Cepea researcher Thiago Bernardino, the price of soybean meal fell 1.52% compared to the average from September to November. 

The Safras & Mercado analyst also highlights that the demand for eggs is growing due to the population seeking proteins with lower added value. “Eggs are the most affordable protein here in Brazil, especially when other proteins are registering significant increases,” he told Notícias Agrícolas.