Loading…
The rupiah closed at 14,317 per US dollar on February 28, 2020, down 2.09% from the prior day's close of 14,025. Economist Piter Abdullah of CORE said global investors now believe the coronavirus outbreak will be hard to contain, which is weighing on the currency.
He also said the economic impact will be larger than previously expected.
A currency sell-off of this size makes dollar-priced feed ingredients more expensive for Indonesian buyers, and a slower economy could reduce demand for feed and animal protein. Both effects point to higher landed feed costs.
money.kompas.comFika Nurul UlyaFeb 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.
