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Malaysian consumers face higher prices for staples such as onions, which nearly doubled in a month, as the ringgit weakens to levels economists call uncharted. Malaysia's central bank has limited options to support the currency because the weakness reflects external factors.
A weak ringgit lifts the cost of imported food and feed inputs in Malaysia, squeezing domestic livestock and feed margins.
scmp.comJoseph SipalanOct 29, 2023Not 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.
