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The rupiah weakened 0.22% to close at Rp14,680 per dollar on August 11 amid concerns about an imminent Indonesian recession. The Coordinating Minister projected a 5.32% contraction in the second quarter and further negative growth in the third and fourth quarters.
Weaker domestic demand and recession risk can reduce Indonesian feed and livestock demand, while a weaker rupiah raises import costs for feed ingredients. The impact on global commodity prices is limited.
en.antaranews.comCitro Atmoko/SuhartoAug 11, 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.
