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South African NAMC commentary examines the socio-economic effects of the H5N8 avian influenza outbreaks, which caused 195 outbreaks in recent years. It notes poultry consumption grew 21.2% against 8.4% production growth from 2007 to 2017, forcing imports.
Avian influenza outbreaks reduce domestic poultry output and push South Africa to import more poultry, supporting demand for imported chicken and feed grains. The effect on global feed prices is modest.
namc.co.zaLucius PhalengApr 29, 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.
