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Saudi Arabia has temporarily suspended imports of Brazilian poultry due to the Newcastle disease outbreak. The Saudi National Committee of Poultry Producers says local production, which covers 70% of demand, will offset the loss.
The remaining 30% of imports come from other countries.
Saudi Arabia's import ban removes a modest share of Brazilian poultry demand, but the kingdom expects to fill gaps from other suppliers. The net effect on global chicken prices is likely limited.
gulfnews.comKhitam Al AmirJul 27, 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.
