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The rand fell to about R19.20 per dollar, its weakest since June, and South African bond yields hit record highs on fiscal concerns and a global risk-off mood. Citigroup said the Reserve Bank's caution was holding the rand back.
A sharp rand selloff raises the local cost of imported feed ingredients and pressures South African feed margins, though global prices are not directly moved.
moneyweb.co.zaColleen Goko, BloombergSep 28, 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.
