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The rand weakened against the dollar in early trade on December 3, falling 0.33% to R15.33 per dollar. Traders cited fears of new lockdowns after South Africa recorded its highest daily rise in COVID-19 cases since mid-August.
A weaker rand modestly raises the local cost of imported feed inputs for South African buyers. The move has no meaningful effect on global feed supply or prices.
moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersDec 3, 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.
