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JPMorgan raised its forecast for Egyptian inflation to 14.3% by year-end because the pound has fallen about 7.3% since early October. Annual inflation was 12.8% in September, and subsidised prices have not been raised.
Higher inflation and a weaker pound push up Egypt's imported feed input costs over time. Subsidised goods being unchanged limits the immediate effect on feed demand.
Not 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.