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Kenya's animal feed costs reached a record high after Zambia banned exports of soya and sunflower meals, a key source for Kenyan feed producers. Soya prices in Kenya have roughly doubled over the past year, and feed manufacturers say 15 millers have closed.
A Zambian export ban removes a key regional supply of soymeal and sunflower meal, tightening East African feed supply and pushing up import demand for alternatives such as maize and soya.
nation.africaGerald AndaeAug 31, 2021After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
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.
