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Poultry News analysis says the pandemic will keep global poultry markets volatile for at least six months. European foodservice demand fell 40% in 2020 versus 2019, and Rabobank expects 2021 foodservice sales to remain 10% below 2019.
Retail demand is rising, with a permanent shift toward online grocery shopping.
Shifting demand from foodservice to retail and sharp European price drops affect poultry production planning and feed purchases. The net effect on feed demand is uncertain.
poultrynews.co.ukChloe RyanOct 6, 2020Not 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.
