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The Indonesian rupiah fell 2.5% in September, its largest monthly drop this year, and was more in line with Asian peers. Analysts and investors are raising alarms over dwindling currency reserves, rising debt obligations and foreign capital outflows.
A weaker rupiah raises the local cost of imported feed ingredients such as soybean meal and corn, pressuring Indonesian feed buyers' margins and potentially reducing import demand.
reuters.comRae WeeOct 17, 2022Not enough comparable past events yet for a historical read.
After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.
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.
