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Chicken farmers in South Korea, represented by the Korea Poultry Association, threatened a nationwide boycott of fried chicken chains including BBQ and Kyochon. The farmers accuse franchises of raising consumer prices while raw chicken prices have fallen nearly 20 percent in a week after an avian influenza outbreak.
The association says higher retail prices are further reducing poultry consumption.
Weak raw chicken prices in Korea reflect demand destruction from avian flu fears, which pressures poultry feed demand locally. The dispute is a regional demand story with limited effect on global feed prices.
scmp.comJun 14, 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.
