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Indonesia's October CPI came in below expectations, with headline inflation easing to 3.23% year on year and core inflation slowing to 2.56%. MUFG notes the rupiah remains weak above 18,000 per dollar and the 10-year bond yield rose to 7.7%, and says a Bank Indonesia rate hike cannot be ruled out if currency pressure intensifies.
A weak rupiah and possible BI tightening would raise the cost of imported feed ingredients for Indonesian buyers, while the dollar strength is a modest headwind for dollar-denominated grain and meal prices.
fxstreet.comFXStreet Insights TeamNov 3, 2026
mitrade.comFxstreetNov 3, 2026Not 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.
