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The South African Poultry Association says the local industry grew to about R59 billion over three years and invested R1.8 billion in 2022. However, it faces headwinds including Covid-19 impacts, avian flu culling of three million birds, and rising input costs that point to tough near-term conditions.
Sustained industry investment supports long-term feed demand in South Africa, but near-term distress from input costs may curb flock expansion and feed purchases.
moneyweb.co.zaAkhona MatshobaMar 1, 2023Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
