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South African poultry producers faced avian flu outbreaks and rising competition in 2019, according to a Research and Markets report. Cheap chicken imports from Brazil, which the report says are sold below foreign production cost, are undercutting local producers, who are also burdened by higher feed, transport, energy and labour costs.
Surging low-priced Brazilian chicken imports into South Africa push down local poultry prices and weaken domestic demand for feed grains, a modest bearish signal for chicken and feed demand in the region.
freightnews.co.zaJan 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.
