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Tamil Nadu's poultry sector, centered in Namakkal, has suffered heavy losses as rumours linking chicken and eggs to coronavirus have reduced consumption. Broiler prices have fallen sharply and egg prices have dropped to under half of earlier levels.
Collapsing Indian poultry prices and reduced flock economics cut demand for feed ingredients such as corn and soymeal in one of Asia's growing markets.
indianexpress.comJanardhan KoushikMar 23, 2020Not enough comparable past events yet for a historical read.
After 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.
