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Bank Indonesia has cut spot FX intervention to about 30% of its total currency operations, shifting more defence of the rupiah to offshore and domestic NDF markets. USD/IDR traded as high as 18,057 on September 28 and closed near 17,970.
The report cites US 10-year yields above 5%, Brent near $105 a barrel and uneven foreign demand for Indonesian assets.
The policy shift changes how the rupiah is defended but does not directly alter feed supply or demand. Continued currency pressure keeps Indonesian import costs elevated, a modest factor for feed buyers.
ebc.comCharon N.Sep 29, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
