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Kyoto confirmed its first highly pathogenic avian influenza case of the season on November 12 at a farm in Kameoka City. About 200,000 chickens were culled.
Average egg prices have reached a record 312 yen per pack, and demand is expected to rise for Christmas and New Year cooking.
Culling a large layer flock removes egg supply in Japan during a seasonal demand peak, supporting higher egg prices. The price implication is upward pressure on Japanese egg prices and possibly on imports.
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.