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Fitch Solutions cut its 2021 ringgit-dollar average forecast to RM4.15 from RM4.05 and its 2022 forecast to RM4.10. It also lowered its 2021 Malaysian GDP forecast to 4.9% from 11.2% due to the third Covid-19 wave.
A forecast of a weaker ringgit and slower growth points to higher USD-based costs for Malaysian feed and oilseed buyers and softer local demand.
thesun.myThe Sun BizMar 23, 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.
