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The rand firmed after the SARB lifted its policy rate to 7%, its first increase in three years. Consumer inflation hit 4% in April and producer inflation rose to 4.8% year on year.
A stronger rand after the rate hike lowers the local-currency cost of South African imports. The effect on feed commodity prices is limited.
Not 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.