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Indian poultry prices fell about 10% in two days as social media rumours suggested coronavirus could spread through birds, cutting demand by 10-15%. Broiler prices now trade below estimated production costs, squeezing farm margins amid high feed costs.
Lower Indian broiler demand reduces feed buying and squeezes producers, which is mildly bearish for feed ingredients in India.
business-standard.comDilip Kumar JhaFeb 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.
