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The South African rand traded about 0.2% weaker against the dollar after March inflation fell to 2.7% year-on-year, below the 2.9% Reuters poll and the first decline in five months. Trading has been volatile amid budget disputes in the ruling coalition and uncertainty over US tariffs.
A weaker rand raises the local-currency cost of USD-priced feed imports such as soybean meal and corn, so South African feed costs tend to rise even when global prices are flat.
reuters.comApr 23, 2025Not 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.
