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South African poultry producers have culled about five million layers and face losses of around R550 million, with no government compensation yet. The Department of Trade, Industry and Competition has proposed a temporary rebate on anti-dumping duties on chicken meat and offal imports, and vaccination is under consideration.
Heavy culls keep domestic layer and chicken supply constrained, and a possible import duty rebate would increase imports to fill the gap, shaping poultry prices and feed demand.
dailymaverick.co.zaGeorgina CrouthOct 8, 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.
