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IndexBox reports that global chicken meat prices have risen sharply in 2021 on strong demand from foodservice and retail, higher feed grain costs, and reduced EU, South Korean and Japanese slaughter after avian flu. EU broiler prices in week 29 were 10% above the prior year, and Saudi Arabia's ban on Brazilian chicken may cut Brazilian exports.
Higher chicken prices reflect tight supply and firm feed costs, and the Saudi ban could shift export flows and affect Brazilian chicken and feed demand.
indexbox.ioAug 18, 2021Not enough comparable past events yet for a historical read.
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.
