Tegel says chicken glut should be over by summer
Tegel is promising it is on track to meet its prospectus forecasts.
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Tegel says the chicken glut which has pushed poultry prices to a nine-year low should be over by summer.
The glut, highlighted in briefings for rival chicken processor Inghams’ upcoming float, has led to Tegel shares plunging from $1.80 in August to as low as $1.44, well below the $1.55 issue
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Jenny Ruth
Thu, 20 Oct 2016
Thu, 20 Oct 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Tegel says chicken glut should be over by summer
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