# Malaysians to pay more for staples as weak ringgit enters ‘uncharted territory’ amid global slowdown | South China Morning Post

> 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.

- Date: 2023-10-29 · published 2023-10-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33895-malaysians-to-pay-more-for-staples-as-weak-ringgit-enters-uncharted-territory
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weak ringgit lifts the cost of imported food and feed inputs in Malaysia, squeezing domestic livestock and feed margins.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- scmp.com: https://www.scmp.com/week-asia/economics/article/3239330/malaysians-pay-more-staples-weak-ringgit-enters-uncharted-territory-amid-global-slowdown

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.