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An avian disease outbreak in Brazil, the world's largest chicken exporter, has disrupted supplies, according to Charoen Pokphand Foods CEO Prasit Boondoungprasert. Some customers unable to buy Brazilian chicken have placed additional orders with CP Foods in Thailand.
Loss of Brazilian chicken export supply tightens global poultry markets and redirects demand to Thailand, supporting prices for chicken and related 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.