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The South African rand held near three-year highs after President Jacob Zuma resigned under pressure from the ANC. Markets had been rallying since December on expectations that Zuma would be ousted.
Analysts said the removal was only the start of a new policy phase.
Political change that lifts the rand lowers the rand cost of imported feed ingredients for South African buyers. The effect on global feed prices is limited.
cnbcafrica.comReutersFeb 15, 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.
