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The Philippines’ gross international reserves fell 11.7% year over year to $97.4 billion in October, their lowest level since December 2022. The central bank cited, among other factors, lower gold valuations; reserves also declined from September.
Declining reserves amid peso weakness may add pressure to the currency, raising the local-currency cost of imported feed ingredients. The report does not identify a direct change in commodity supply or demand.
business.inquirer.netNyah Genelle C. De LeonNov 9, 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.
