Loading…
Bank Indonesia says it has introduced a domestic non-deliverable forward market, with regular DNDF auctions at 08:30 Jakarta time, to curb offshore NDF pricing that has pushed onshore rupiah spot rates around. BI reports outstanding auction volume of US$1.4 billion since November 1, 2018.
This is a currency-market policy that mainly affects rupiah volatility rather than commodity supply, so its direct effect on feed prices is limited, though it may ease import cost swings for Indonesian feed millers.
cnbcindonesia.comHerdaru PurnomoJan 18, 2019Not 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.
