Inghams Shares Drop 2 Months After Higher Feed and Fuel Costs Hit Outlook
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Inghams Group Ltd. shares dropped the most in about two months after the Australian poultry producer flagged that higher feed, diesel and packaging costs caused by the war in the Middle East would impact its earnings forecast in the next year.
The increase in costs is attributed to ongoing geopolitical tensions, which have affected supply chains and pricing in the agricultural sector.
Inghams Group
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“Inghams Group Ltd. shares dropped the most in about two months after the Australian poultry producer flagged that higher feed, diesel and packaging costs caused by the war in the Middle East would impact its earnings forecast in the next year.”
Bloomberg — Inghams Shares Drop as Higher Feed and Fuel Costs Hit Outlook