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USD/IDR rebounded to about 14,480 after a three-day decline, bouncing off its lowest level since June 21. Bank Indonesia Governor Perry Warjiyo said the central bank will shift to a 'pro-stability' stance in 2022 while using other tools to support recovery.
The IMF and the Indonesian government both cut 2021 growth forecasts.
A weaker rupiah and tighter Indonesian liquidity affect the cost of imported feed inputs and Indonesian feed demand, but the effect on global feed commodity prices is small.
octaafrica.netJul 30, 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.
