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Egypt's poultry sector is under strain from currency turmoil and accelerating food inflation. The government has increased imports of corn and Brazilian chicken and offered incentives for local farming and early Ramadan discounts.
Egypt's large corn import program supports demand for US and Black Sea corn, while the currency-driven cost squeeze raises the risk of weaker feed buying if producers cut flocks.
reuters.comSarah El SaftyMar 27, 2023After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.
