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The rand was flat on Thursday as investors weighed mixed signals from the Federal Reserve that pushed the dollar off two-month highs. South Africa's producer price inflation rose to 7.4% in May from 6.7% in April, following consumer inflation at a 30-month high.
Rising domestic inflation and a range-bound rand keep import costs for feed ingredients elevated for South African buyers, though the move is small and no grain-specific driver is involved.
brecorder.comReutersJun 24, 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.
