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South Africa's Agbiz warned that avian flu, with H5N8 spreading across several provinces, could push up food inflation. Chicken carries a 14% weight in the food basket, and meat inflation reached 14.4% year on year in July, its highest since 2011.
Culling of about 60,000 birds in the Western Cape was reported in August.
Disease-driven losses in a major South African poultry market tighten local chicken supply and support domestic prices.
iol.co.zaLuyolo MkentaneSep 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.
