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FTSE Russell announced the launch of FTSE Term ZARONIA, a forward-looking interest rate benchmark based on the South African rand overnight index. It is designed to support the transition away from JIBAR.
The benchmark concerns financial market plumbing for South African borrowers and lenders and has no meaningful effect on feed commodity supply, demand or prices.
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.