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The Indonesian rupiah closed virtually flat at Rp14,327 per US dollar on February 18, 2022. Investors moved to safe assets amid escalating Russia-Ukraine border tensions following Ukrainian shelling of separatist areas, and rising COVID-19 cases weighed on sentiment.
A weaker rupiah raises the local-currency cost of imported feed ingredients such as soybean meal and corn, adding modest upward pressure on Indonesian feed costs.
en.antaranews.comCitro Atmoko, Juwita TrisnaFeb 18, 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.
