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Russian poultry growth in 2018 was the weakest in two decades, at 0.7%, with production at 6.7 million tonnes. Avian influenza outbreaks rose to 82 in 2018 from 37 in 2017, and several dozen producers went bankrupt.
Wholesale broiler prices rose 28% in 2018 but did not stop closures.
Shrinking Russian output from disease and bankruptcies tightens domestic poultry supply and supports prices, modestly reducing regional demand competition for feed.
foodnavigator.comAshley WilliamsMar 11, 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.
