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The South African rand strengthened on Tuesday but was on track to finish March over 6% weaker against the dollar after an Iran-war-driven selloff. The government cut its fuel levy for one month to cushion fuel price increases.
A weaker rand raises the local cost of imported feed ingredients and fuel for South African feed buyers, while energy-driven inflation pressure keeps monetary policy tight.
uk.marketscreener.comReutersMar 31, 2026
reuters.comMar 31, 2026Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, WTI moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
