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Astral Foods, South Africa's largest integrated poultry producer, reported that its earnings doubled in fiscal 2026, and analysts believe earnings have peaked for now. The company said lower maize and soybean feed costs supported its results in the first half and are expected to continue into the second half.
Lower feed input costs are supporting margins for South African poultry producers, but rising food inflation, fuel costs and El Niño could pressure future earnings and feed demand.
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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.