Yes that's the guts of it, (behind the paywall article).
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Come on, these guys are both building capacity to capture market share, just the goal posts arent moving. Poultry is a commodity - excess supply = lower value.
Back down she goes. Glad I sold out of this at $1.42 when there was a small bounce, even if it was at a decent loss.
I have very little confidence in Tegel and they have been so quiet since their IPO. Little to get excited about?
This could help our exports
South Korea culls 30m poultry to contain bird flu | Bangkok Post: news
http://www.nzherald.co.nz/business/n...ectid=11801111
Ingham's sees New Zealand's chicken oversupply persisting
SQUAAAWWRRK! Low feed prices still; have big part to play in this ?