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Zambia has banned exports of soya and sunflower meals, a major feed raw material. Kenyan feed costs have hit record highs, with soya meal reported to have doubled in price over the past year.
Fifteen Kenyan feed millers have reportedly closed.
Losing Zambian meal supply tightens Kenya's available soymeal and sunflower meal, pushing up feed costs and squeezing regional feed buyers' margins.
businessdailyafrica.comGERALD ANDAEAug 30, 2021After 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.
