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Highly pathogenic avian influenza has hurt poultry markets in Russia and Ukraine. Russia's largest turkey producer, Eurodon, halted chilled turkey deliveries to retailers from 6 April for about two months after culling 6% of its flock.
The company estimates losses of about US$30 million, and officials warn of further outbreaks.
A turkey supply gap during the seasonal spring demand peak in Russia tightens poultry supply and supports prices for substitute meats. Further outbreaks could extend the shortage.
foodagribusiness.worldVladislav VorotnikovApr 26, 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.
