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The rand weakened on December 31, the final trading day of 2020, with investors cautious amid vaccine rollouts and stimulus hopes. It was about 0.6% weaker at 14.72 per dollar, and the currency finished the year near its January level after rallying 16% in the fourth quarter.
A weaker rand slightly raises the local cost of imported feed inputs for South African buyers. The move is small and has no bearing on global grain supply.
brecorder.comReutersDec 31, 2020Not 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.
