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Bank Indonesia raised its benchmark rate by 25 basis points on May 30 in a second hike in two weeks to defend the rupiah. The rupiah strengthened to 13,940 per dollar, its strongest since May 4, after the move.
Higher Indonesian rates and a firmer rupiah reduce the cost of imported feed inputs for Indonesian buyers, while tighter credit may slow domestic livestock and poultry expansion, modestly lowering feed demand.
cnbc.comYen Nee LeeMay 31, 2018Not 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.
