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India's poultry sector is under pressure after an 11-year-old boy died from bird flu, prompting NCDC surveillance and contact tracing. The Rs 90,000 crore industry faces potential curbs on egg and chicken sales.
Officials say human-to-human transmission is extremely rare.
Any curb on Indian poultry production would reduce feed demand for corn and soymeal, which is bearish for those feed inputs. The scale of the effect depends on whether the outbreak spreads beyond isolated cases.
rediff.comSanjeeb Mukherjee, Ruchika ChitravanshiJul 22, 2021After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.
