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The South African rand plunged during the week after deadly protests erupted following former President Zuma's jailing, disrupting the Covid-19 vaccination program and threatening food shortages. The currency lost its place as the year's top emerging-market performer, and the nation's dollar debt saw its biggest three-day drop since May.
Civil unrest threatening supply chains and food distribution in South Africa is a demand and logistics concern for feed importers, and a weaker rand raises local costs for imported feed ingredients.
bloomberg.comNetty Ismail, Selcuk Gokoluk, Leah WilsonJul 14, 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.
