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The South African rand strengthened about 0.8% to 16.53 per dollar on Thursday as the dollar index eased. Statistics South Africa reported producer inflation slowed to 7.5% year-on-year in June from 7.8% in May, below the 7.9% analysts expected.
A softer dollar and cooler producer inflation support the rand, which lowers the rand cost of dollar-priced feed imports such as soybean meal and corn. The effect on feed prices is modest and tracks the broader dollar move.
cnbcafrica.comReutersJul 30, 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.
