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The European Commission forecasts EU egg production to rise only 0.2 percent to 7.3 million tons in 2018. Prices ended 2017 47 percent higher year on year after fipronil contamination cut Dutch and Belgian output.
Flat European egg output limits growth in EU layer feed demand, and expected price normalization reduces the upside for EU feed grain and meal consumption.
wattagnet.comMark ClementsMar 8, 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.
