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Quantum Foods' share price fell 13% after the company said bird flu had spread to more of its Western Cape hen houses, cutting its egg production by 17%. The company is reintroducing dormant facilities to recover some capacity, with some populated before end-October 2017.
A 17% production loss at a major South African egg producer tightens local egg supply and supports higher egg prices. Reopening dormant facilities could partly offset the shortfall later in the year.
bizcommunity.comRobert LaingOct 3, 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.
