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Bird flu outbreaks in the US, Asia and Europe have opened export opportunities for Australian chicken meat and egg producers. Sunny Queen and Pace Farms are shipping eggs to South Korea, where a 30 per cent import tariff has temporarily dropped to zero.
South Korea, Taiwan, Japan and Hong Kong have restricted US poultry imports.
Strong Asian import demand for non-US poultry supports global chicken prices and may increase Australian grain and feed demand as local output expands.
farmonline.com.auAndrew MarshallApr 11, 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.
