Loading…
Philippine bank economists warned that price pressures from transport fares, electricity rates, wages, high oil prices and El Niño could push inflation above 8% in November and December. The same roundup notes an egg glut prompting producers to cull layers, plus other unrelated national news.
Higher domestic feed and energy costs and El Niño risk to food supply point to firmer Asian feed input costs, while the egg oversupply weakens layer-flock economics and may reduce future feed demand.
Not 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.