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Argentina's INDEC statistics agency reported monthly inflation of 13.2% in February, down from 20.6% in January and 25.5% in December. Annual inflation reached 276.2%, the highest in three decades.
Government officials and analysts expect a further rise in inflation.
Persistent high inflation keeps pressure on the peso, which affects Argentine farmers' selling decisions for soybeans, corn and meal, but the direct price impact on feed markets is modest.
apnews.comMar 12, 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.
