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Nigeria's first avian influenza outbreak in two years has hit poultry farms in several states including Kano, Bauchi and Kaduna, with culling ongoing. Industry groups say the outbreak compounds losses from COVID-19 and escalating feed grain prices.
The Poultry Association of Nigeria says government support has been insufficient.
Culling reduces Nigerian poultry output and feed demand, while high feed-grain prices continue to strain producer margins and may limit flock rebuilding.
businessday.ngJosephine Okojie-OkeiyiApr 15, 2021Not enough comparable past events yet for a historical read.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
