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Indonesia is working to contain market contagion as bets on a further central bank rate hike rise. The rupiah has lost about 3% this year as investors pull money from emerging markets on rising US Treasury yields.
Currency weakness and capital outflows raise the cost of imported feed ingredients priced in dollars for Indonesian buyers, pressuring margins.
reuters.comMaikel JefriandoMay 28, 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.
