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The South African Reserve Bank cut its repo rate by a further 25 basis points to 7.50% in a split decision. Its model projected the rand weakening to nearly 21 per dollar under a global trade-war scenario, and the rand traded near 18.44.
The rate cut is a domestic monetary move with no direct effect on feed commodity supply or demand. The trade-war scenario signals currency risk for South African feed importers.
reuters.comBhargav AcharyaJan 30, 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.
