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Innscor Africa plans to invest over US$8 million to restock its Irvine's chicken subsidiary after avian flu forced culling of 835,000 birds. Egg prices in Zimbabwe have nearly doubled, and restocking is expected to take six to 12 months.
Lost layer and broiler breeder capacity keeps local egg and chicken supply tight, supporting prices until flocks are rebuilt. Restocking will gradually restore supply over the coming year.
thepoultrysite.comGlobal Ag MediaOct 8, 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.
