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Argentine supermarket wholesaler Diarco launched its own dollar exchange rate, letting shoppers pay for peso-priced goods with cash dollars at 1,400 pesos per dollar, about 55 pesos above the blue rate. The offer applies only to purchases at least equal to the bill's value at its wholesale locations.
This is a retail currency workaround with no direct effect on grain or feed supply, demand or prices, and it signals ongoing peso stress in Argentina's economy.
buenosairesherald.comAug 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.
