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The Colombian peso broke a record low, moving past 4,500 per dollar on July 11 and extending a steep decline since Gustavo Petro's June election win. Capital flight fears and rising inflation and energy costs are cited as drivers.
A sharply weaker peso makes imported feed grains and meal more expensive for Colombian livestock and poultry producers, adding to their cost pressure.
thecitypaperbogota.comRichard EmblinAug 1, 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.
