The rupiah strengthened on Tuesday to around 18,130 per US dollar after briefly touching 18,200 the previous session. Support came from a better-than-expected September trade surplus, although imports grew faster than exports.
Food prices accelerated in October on El Niño-related supply disruptions, while Bank Indonesia maintained its intervention mix.
El Niño-driven food supply disruption in Indonesia could raise domestic feed and food input costs. Bank Indonesia's support for the rupiah limits near-term import cost increases for feed buyers.
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.