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Peru's sol fell sharply against the US dollar on Monday after Prime Minister Guido Bellido threatened to nationalize the Camisea gas project and renegotiate gas supply prices with Pluspetrol. The dollar closed at a record 4,123 soles, and the central bank sold $183 million to slow the rise.
President Castillo later said negotiations would respect the rule of law.
Currency instability and expropriation risk in Peru raise local input costs and weaken the sol, which makes imported feed ingredients more expensive for Peruvian buyers; the direct effect on grain and meal prices is limited.
en.mercopress.comSep 28, 2021Not 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.
