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The rupiah firmed to around 18,130 per dollar on Tuesday after briefly touching 18,200 in the prior session. Support came from a stronger-than-expected September trade surplus, and October inflation eased slightly while food prices rose on El Niño supply disruptions.
Rising food prices tied to El Niño point to tighter domestic food supply, which can push up feed-grade ingredient costs in Indonesia. Currency support lowers the cost of imports 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.