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South African egg prices are still near double year-ago levels following a bird flu outbreak, and chicken prices have risen sharply. Statistics SA reports poultry and egg inflation continuing to climb.
Producer Sapa expects egg prices to decline again as the outbreak fades over the next six to eight months.
Avian flu losses reduce poultry flock sizes and therefore feed demand in South Africa, a modest bearish signal for feed ingredients. Expected recovery would gradually restore that demand.
moneyweb.co.zaAdriaan KrugerMar 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.
