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The Philippine peso closed at P63.535 per US dollar on November 4, weakening 6.5 centavos from P63.47. The decline came ahead of the October inflation release on November 5, which economists expect to be faster than September's 7.2%.
A weaker peso raises the local cost of imported feed ingredients, fuel and freight, which pressures Philippine feed buyers' costs. Expectations of higher inflation could also keep the central bank tight.
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.