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Indonesian authorities ordered broiler farmers to cull about three million 68-week-old birds over two weeks to ease plunging live bird prices. Farmers had reported selling birds below the government floor price and cost of production after overproduction ahead of Eid al-Fitr demand that failed to materialize.
Reducing parent-flock supply should firm Indonesian broiler prices, but the oversupply signals weak regional poultry demand that limits feed purchase growth.
poultryworld.netTony McDougalJul 5, 2019Not 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.
