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China will exempt some Brazilian chicken imports from retaliatory tariffs. China has banned breeding bird imports from many major suppliers because of bird flu, which has hurt its domestic production.
Demand for poultry meat has also risen as African swine fever reduced pork consumption.
Lower tariffs make Brazilian chicken more competitive in China, which supports Brazilian export volumes and poultry prices. Strong demand for chicken as a pork substitute adds to the bullish case.
reuters.comDominique PattonFeb 15, 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.
