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Bird flu outbreaks and subsequent import bans in Indian states have created a glut of poultry in local markets, pushing chicken prices down to about 60 rupees per kg in Karnataka against production costs near 80. Industry breeders say consumption patterns have largely held up so far.
A poultry farmers' strike over growing charges adds uncertainty.
Oversupply and falling prices cut near-term feed buying by Indian poultry integrators, a bearish factor for regional feed ingredients. Demand may recover if consumption holds, limiting the downside.
thehindu.comChitra V. RamaniJan 9, 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.
