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Egypt's central bank unexpectedly raised its main deposit rate to 20% at its October policy meeting, the first increase since 2024. The central bank cited heightened risks and uncertainty, and the pound came under sharp pressure during October.
A higher Egyptian rate and a weaker pound raise the cost of imported feed ingredients priced in dollars, since Egypt is a large importer of grains and meal. Currency weakness tends to lift local feed costs even if global benchmark prices are unchanged.
ar.fxstreet.comNov 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.
