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Bank Indonesia raised its policy rate in late August, less than a week after Governor Perry Warjiyo signaled the move. The rupiah rose and sat about 1.2% above its July lows, outperforming regional peers.
A stronger rupiah and tighter Indonesian policy lower the local cost of importing feed ingredients, while the currency's resilience limits pressure on Indonesian crush and palm-related feed margins.
reuters.comRae WeeAug 24, 2022Not 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.
