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Colombia's trade deficit widened to USD 1.419 billion in October 2024, up from USD 1.224 billion a year earlier. Imports rose 6.6% to USD 5.731 billion, with food and beverage imports showing strong growth.
Pepperstone analysts say the peso remains under pressure against the dollar ahead of Fed decisions.
Rising food and beverage imports point to firm demand for imported feed ingredients, while the weaker peso raises the local cost of those purchases. The article is mainly a currency outlook, so its direct effect on feed prices is modest.
businessnewsthisweek.comBhumika LenkaDec 19, 2024Not 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.
