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Crisil expects the avian flu outbreak in India to cut poultry sales by about a third in January 2021. Broiler wholesale prices have fallen 20-30% from December levels, though it expects a price rebound later.
A temporary demand drop in India's broiler sector trims feed consumption near term, but expected price recovery limits the lasting bearish effect on feed demand.
crisilratings.comJan 18, 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.
