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Bank Indonesia kept its benchmark rate unchanged and cut its 2021 growth outlook as renewed mobility curbs weigh on consumption. Foreign outflows are adding pressure on the rupiah.
A weaker rupiah raises the local cost of imported feed ingredients and soymeal, which can squeeze Indonesian feed margins. Slower growth also trims demand for feed and livestock products.
bloomberg.comClaire Jiao, Grace SihombingApr 20, 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.
