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The Colombian peso weakened and local bonds sold off after President Gustavo Petro considered a tax on capital outflows. The currency fell 0.7% to 4613.5 per dollar, extending a decline that began the previous Wednesday.
A capital outflow tax and currency weakness raise import costs for Colombian feed buyers and can weigh on demand for dollar-priced feed ingredients.
bloomberg.comAndrea Jaramillo, Oscar MedinaOct 6, 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.
