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The rupiah has fallen sharply, approaching Rp15,900 per dollar, and Indonesia's economy looks more exposed to global market turbulence than it did last year. External shocks are the main driver, but domestic factors also contribute, including market concern over Prabowo's policy intentions.
The article contrasts this with last year's relative resilience.
A sustained rupiah slide raises the local-currency cost of imported feed ingredients and could pressure Indonesian feed mills' margins. Persistent weakness would also make import buying more expensive.
magz.tempo.coYopie HidayatMar 30, 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.
