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Rabobank's quarterly poultry report says the global poultry industry faces its biggest trade shake-up in decades this year. Drivers include the 'Operation Weak Flesh' investigation in Brazil, temporary EU export restrictions on a major Brazilian exporter, a pending Saudi stunning ban, avian influenza restrictions, and a Chinese anti-dumping probe into Brazilian imports.
Brazil has limited alternative markets for whole birds and breast meat, so losing access could push surplus product onto other markets and pressure chicken prices. Competing exporters such as Ukraine, Russia and Poland may gain share.
meatingplace.comSusan KellyApr 2, 2018Not 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.
