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The rand hit an all-time low of 19.9325 to the dollar on Wednesday, beating the previous record of 19.9075 set in June 2023. The move reflected investor concern over Trump's trade war and the possibility that South Africa's coalition government could split.
A record low in the rand sharply raises the local cost of imported feed ingredients priced in dollars, which pushes up feed costs for South African livestock producers.
reuters.comTannur AndersApr 9, 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.
