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South Africa's egg prices rose sharply in October 2023 amid an avian flu outbreak that has culled about 5 million birds, roughly 20% of the commercial layer flock. The cost of 60 eggs rose from R136 to R162 between September and October.
Heavy layer losses reduce feed demand from South African producers, but the shortage may prompt imports of poultry products and supports regional chicken prices.
businesstech.co.zaGovernmentDec 1, 2023Not enough comparable past events yet for a historical read.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.
