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The Turkish lira set a new historic low, trading past 50 lira to the dollar on the Istanbul exchange on November 4. The lira has lost more than 18% against the dollar this year.
Market participants surveyed by the central bank expect 51.5 per dollar by year-end.
Continued lira weakness raises the lira cost of imported dollar-priced feed ingredients, supporting Turkish feed 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.