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The South African rand strengthened on April 30 as markets digested monthly domestic data, including producer inflation at 2.3% y/y in March, a trade surplus of 31.87 billion rand and a budget deficit of 45.61 billion rand. Oil briefly jumped above $126 a barrel on Iran war fears before retreating.
Feed buyers in South Africa face currency and energy swings that shape import costs for feed inputs. The rand's gain eases import costs slightly, while the oil spike points to higher freight and fuel costs.
cnbcafrica.comReutersApr 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.
