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Absa's Spring AgriTrends Report says chicken price inflation in South Africa is easing after two years of double-digit increases, possibly to about 1% this year. Brazil's 2024 Newcastle disease case caused a 21-day trade suspension, highlighting South Africa's reliance on Brazilian chicken imports.
Expanding Brazilian supply and lower feed costs point to softer chicken prices, while disease-related trade suspensions remain a supply risk.
businesstech.co.zaBusinessTechOct 1, 2024Not 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.
