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FTSE Russell launched the forward-looking FTSE Term ZARONIA benchmark on November 3 to support South Africa’s transition away from JIBAR. The benchmark uses transaction data and executable market pricing and is designed to provide a rate known at the start of an interest period.
The benchmark affects South African financial contracts and rate-setting, but the article identifies no direct change to agricultural supply or demand or feed-commodity 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.