Loading…
The rand and South African stocks retreated early on Thursday as global risk appetite weakened. The rand traded at 14.48 per dollar, about 0.5% weaker.
Worries about the Chinese property sector and a possible Evergrande default weighed on sentiment.
Risk-off sentiment tied to Chinese property stress weakens the rand, which raises the local cost of imported feed ingredients. The move reflects broad market sentiment rather than a change in feed supply.
brecorder.comReutersOct 21, 2021Not 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.
