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Russian poultry production fell 6.2% in the first two months of 2021, the sharpest decline in over a decade. Feed additive prices rose 260% year on year, and wheat and soybean meal costs also increased.
A hatching egg shortage following import bans adds to production costs.
Rising feed costs and falling Russian output reduce poultry margins and may curb feed demand, while higher imports of feed ingredients keep wheat and soybean meal prices supported.
foodagribusiness.worldVladislav VorotnikovApr 26, 2021Not enough comparable past events yet for a historical read.
Not 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.
