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Chicken consumption in India has fallen about 30% after rumours linked chicken and eggs to COVID-19. Farm-gate chicken prices have dropped from 80 to 40 rupees per kg against a production cost of about 75 rupees per kg, largely due to feed costs.
Sharp demand loss and below-cost farm prices reduce poultry feed purchases in India, pressuring corn and soymeal demand and prompting producers to cut flock sizes.
thehindu.comM. L. Melly MaitreyiFeb 27, 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 50 past bearish disease events, SOY moved a median +0.5% over 5 sessions (58% higher; middle half -1.7% to +2.4%), 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.
