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The Colombian peso has fallen over 11% against the dollar in the past month to record lows and is down 20% year to date. Weakness reflects a hawkish Federal Reserve after a 75 basis point hike and investor concern over President Petro's heterodox policy proposals.
Sustained peso depreciation makes dollar-priced feed imports more expensive for Colombian buyers at the margin and reflects broader emerging-market risk premia, though the direct effect on global feed prices is limited.
focus-economics.comBy: FocusEconomicsNov 8, 2022Not 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.
