
A Bank Danamon economist said rupiah volatility had eased to about 4% at the end of October despite Indonesia’s five-year CDS rising to 105 basis points. He said the rupiah is more sensitive to foreign capital outflows from the bond market than from equities, estimating that a $100 million equity outflow would weaken the currency by around Rp11–Rp12 per dollar.
Capital outflows can weaken the rupiah and raise the local cost of imported feed ingredients, but the article discusses currency sensitivity rather than an actual commodity-market disruption.
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.