Loading…
Bank Indonesia injected an additional Rp 167.6 trillion this month to stabilize liquidity and the currency. Governor Perry Warjiyo said the rupiah, which was at its weakest since 1998 in March, is undervalued and could strengthen to Rp 13,600-13,800 per dollar.
The rupiah traded at 14,690 per dollar.
Expected rupiah appreciation would make dollar-priced feed imports cheaper for Indonesian buyers, though the forecast is a central bank view rather than a confirmed move. The story has little direct effect on global grain or meal prices.
thejakartapost.comAdrian Wail AkhlasMay 28, 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.
