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The ringgit closed at 4.0960/1000 per US dollar on April 26, rising 120 points from the previous Friday. The move followed Malaysia's US$1.3 billion sovereign sukuk issuance, which was oversubscribed 6.4 times, and a weaker dollar on US growth uncertainty.
A stronger ringgit against a softer dollar slightly reduces Malaysian feed and ingredient import costs, with limited direct effect on grain prices.
beta.malaymail.comApr 26, 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.
