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A confirmed H5N1 bird flu case in commercial poultry in Argentina on Feb. 23 led the national food safety service to temporarily suspend exports to countries requiring disease-free status.
Argentina shipped about 164,000 mt of chicken in 2025, mainly to China, South Africa, Chile and Hong Kong.
Lost Argentine supply is expected to push buyers toward Brazil, and Brazilian exporters are already raising offers for April shipments to China. Traders see low risk of the disease spreading to Brazil.
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.