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An H5N1 outbreak announced May 16 in Rio Grande do Sul has led South Korea to restrict Brazilian poultry imports, pushing buyers to seek alternatives. Boneless chicken leg prices surged in South Korea, and buyers are looking at Thailand as a source.
Japan's market is stable on sufficient inventory, and the export suspension could last up to 60 days.
Brazil supplies a large share of global chicken exports, so the ban shifts demand to other exporters and lifts global chicken prices. Price effects will persist as long as the suspensions last.
spglobal.comMay 21, 2025Not 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.
