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Mumbai egg wholesale prices fell about 25% in early January, and retail egg prices dropped 10-15%. Consumption has fallen roughly 20% amid bird flu fears after the virus appeared in the state.
A roughly 20% drop in egg and poultry consumption in Mumbai reduces local feed demand, a small bearish factor for corn and meal.
indianexpress.comJan 14, 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.
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.
