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A feature on the ringgit's decline to a 26-year low describes rising food prices in Malaysia, which imports about 60% of its food. Households and businesses are cutting back as imported inflation spreads, while analysts remain divided on whether the currency can recover.
Malaysia's heavy reliance on imported food and inputs means a weak ringgit raises local feed and food costs, which can weigh on domestic demand for animal feed and protein.
channelnewsasia.comFaith LeongMay 18, 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.
