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Large Kazakh egg farms are selling below production costs because of seasonal supply growth from backyard farms and rising smuggling from Russia. Retail egg prices rose 30.4% over the past year after roughly 1.5 million birds were culled in late 2020.
Producers are seeking export access, including to China.
The story reflects a local seasonal glut with limited bearing on global feed demand. It has little effect on grain or meal prices.
poultryworld.netVladislav VorotnikovJul 19, 2021Not 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.
