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South Africa is facing one of its worst bird flu outbreaks, with more than seven million egg-laying hens culled, equal to 20-30% of the national stock. Supermarkets have run out of eggs and retailers are rationing purchases, while poultry meat supplies are also under threat.
Losses of layer hens and broiler supply tighten domestic poultry and feed demand for eggs and chicken, which should push local poultry prices higher.
bbc.comNobuhle SimelaneOct 11, 2023Not 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.
