Our weakening dollar alongside global poultry prices that are set to well exceed the first half, looks like a very positive sign for Tegel.
Matrix/Chart below was taken from IMF website last month [ I have amended to NZD ]
Month Price Change Apr16 1.62 - May16 1.64 1.61% Jun16 1.59 -3.26% Jul16 1.57 -1.60% Aug16 1.54 -1.88% Sep16 1.51 -1.78% Oct16 1.54 1.98% Nov16 1.54 -0.08% Dec16 1.6 4.50% Jan17 1.61 0.59% Feb17 1.58 -1.87% Mar17 1.79 13.29%
Spike in march is mostly due to the Brazilian poultry woes of late... Poultry is looking like a good investment given the current climate.
https://www.bloomberg.com/news/artic...ry-for-chicken
http://www.telegraph.co.uk/news/2017...market-plants/ - Brazils poultry industry has been absolutely crushed and their reputation is gone.
Bookmarks