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Argentina's new president Javier Milei began implementing his program in his first week, with a currency devaluation that drove prices sharply higher. Financial markets stayed calm, while labor and student unions announced mass protests and new security protocols were introduced.
Domestic inflation and social unrest mainly affect Argentine consumers and domestic feed costs, with limited direct effect on world grain prices. The devaluation mechanism remains relevant for export flows.
english.elpais.comConstanza LambertucciDec 18, 2023Not 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.
