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South Africa announced an increase in its annual tariff-rate quota for US frozen bone-in chicken from 71,290 to 71,632 tonnes, applied retrospectively to April 2022. The change comes as domestic chicken meat costs rise.
A small quota increase modestly expands US poultry access to South Africa, a minor shift in US chicken export flows with limited effect on feed demand.
Not 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.