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South Africa's HPAI H5N1 outbreak on an East Rand farm led to culling of 240,000 hens, with a second outbreak on a North West broiler breeder farm killing 7,000 birds. Botswana, Mozambique, Lesotho and Namibia imposed trade bans on South African poultry products and eggs.
Regional trade bans reduce South African poultry exports and local supply, which may lift domestic poultry prices while weighing on feed demand from affected producers.
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.