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A bird flu (H5N8) outbreak in South Africa has wiped out more than 15% of the layer flock, with over four million chickens culled or being culled across at least 23 commercial farms. Egg shortages are expected to push table egg prices up, and the flock may take one to two years to recover.
Losing roughly 15% of layer hens tightens domestic egg and poultry supply, with economists forecasting 15-20% price rises and possible imports that are costly to ship by air or sea. Higher egg and chicken prices may shift demand toward other proteins and raise feed-related demand questions for local buyers.
bizcommunity.comEvan-Lee Courie, Fathima Khan, Nontsikelelo Mpulo, Maroefah Smith, Katja HamiltonOct 18, 2017Not 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.
