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South Africa's Portfolio Committee on Agriculture received a report from the South African Poultry Association on avian flu. No new commercial farm outbreaks were reported as of 9 January 2018, but egg and chicken production has declined steadily since June 2017, forcing reliance on imported chicken.
The industry lost R954 million from culling and about 1,300 jobs.
Lower domestic egg and chicken output increases South African reliance on imports, supporting demand for imported poultry and feed inputs such as soybean meal and corn over the near term.
parliament.gov.zaFeb 13, 2018Not enough comparable past events yet for a historical read.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% over 20.
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.
