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The State Bank of Vietnam raised its central exchange rate to 23,963 dong per US dollar on August 29, a new 2023 high. Commercial bank quotes moved up in the same direction, with the dong down about 0.8% so far in August.
A weaker dong makes Vietnamese imports of feed ingredients such as corn, soybean meal and DDGS more expensive in local terms, which can dampen demand for them and pressure local feed margins.
theinvestor.vnTri DucAug 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.
