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Finance Minister Sri Mulyani said the government set a 2025 budget assumption of 16,100 rupiah per US dollar, reflecting uncertainty over the past six months. She noted that the rupiah had recently appreciated strongly after depreciating heavily over the previous three months, partly due to global factors.
The budget assumption signals the government's expectation of a weaker rupiah next year, which would raise the local currency cost of imported feed inputs. The statement is policy commentary with limited direct effect on global feed prices.
cnbcindonesia.comM Rosseno Aji NugrohoAug 27, 2024Not 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.
