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Bank Indonesia Governor Destry Damayanti said the rupiah was at Rp18,145 per dollar on November 2, up from about Rp17,830 at the end of Q3. She attributed the pressure to the Middle East conflict, US monetary tightening and investor sentiment toward emerging-market assets.
Sustained rupiah weakness raises the local-currency cost of imported feed ingredients and fertiliser. Pressure from US rate tightening adds to the cost of importing feed for Indonesian 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.