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Egg production in New Zealand is expected to fall 4.5% to 955.7 million eggs in 2019-20 as conventional cage farming is phased out under the Code of Welfare for Layer Hens, with the ban in effect since October 2018. IBISWorld says the 14% decline in the hen flock in 2018-19 reflected farmers exiting the market, while strong demand has encouraged others to reinvest in new systems.
Lower domestic egg supply amid rising demand pushes farm-gate egg prices higher, but this is a niche domestic poultry story with little direct effect on feed grain or meal prices.
odt.co.nzSally RaeJun 19, 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.
