Inghams Shares Drop as Higher Feed and Fuel Costs Hit Outlook

🇦🇺 Bloomberg (AU) —

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Inghams Group Ltd. shares dropped significantly due to rising costs for feed, diesel, and packaging amid the Middle East war. The Australian poultry producer revised its earnings outlook downward for the next year.

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.

Conflict Markets Commodities Energy Inghams Group share price drop feed costs fuel costs Middle East war poultry industry

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