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The Colombian peso fell to historic lows, with the dollar trading near 5,000 pesos on Monday and forcing central bank intervention in the forex market. The currency has lost over 30% against the dollar since June and about 10% since early September.
Analysts point to widening fiscal and current account deficits and policy uncertainty under new president Gustavo Petro.
A weaker peso raises the cost of imported feed ingredients and increases Colombia's dollar debt burden, which can dampen import demand for corn, soybean meal and other feed inputs priced in dollars.
nearshoreamericas.comNarayan AmmachchiOct 27, 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.
