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The South African rand edged lower on Tuesday after budget data showed a December budget surplus of 19.47 billion rand, down from 44.97 billion a year earlier. Money supply growth and credit extension ended 2023 stronger than expected.
Fiscal and monetary data move the rand, which affects the local cost of imported feed ingredients for South African buyers. The impact on global feed prices is negligible.
reuters.comJan 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.
