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Absa's AgriTrends Report expects South African poultry price increases to ease to about 1% this year, helped by a stronger rand and production growth from suppliers such as Brazil. Lower feed prices are expected to improve producer margins and could stimulate supply.
Lower feed costs and expanding supply point to softer chicken prices, which weighs on poultry demand for feed in South Africa.
iol.co.zaGiven MajolaSep 12, 2024Not enough comparable past events yet for a historical read.
After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
