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LDC, France's largest poultry group, said it will need to raise prices about 10% next year to cover energy and other costs after raising prices by a third over the past year. Food prices in France rose 12% year over year in October, and the company is facing sharply higher electricity costs for 2023.
Higher European poultry costs and price pass-through reflect strong cereal and energy costs, but grain markets are easing, which slightly reduces feed cost pressure for European poultry producers.
euronews.comNov 23, 2022After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.
After 69 past bearish macro events, Wheat (SRW) moved a median -0.5% over 5 sessions (35% higher; middle half -2.6% to +0.8%), and -0.7% 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.
