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Australia's government confirmed a third type of avian influenza virus in commercial poultry within one month, causing mortalities in an emu flock. Eight countries halted poultry imports from Victoria by the end of August, and Philippine authorities banned live birds, eggs and poultry products from Australia.
Russia and Taiwan also reported new avian influenza outbreaks.
Multiple import bans cut Australian poultry export demand, which weighs on domestic chicken prices. Outbreaks in other major producing regions could also shift global trade flows.
wattagnet.comJackie LindenSep 2, 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.
