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A Colombian economic report says the current account deficit shrank from 3.6% of GDP at the start of 2020 to 2.7% in Q3, driven by remittances and factor payments. It warns that strong portfolio inflows into Colombia in Q4 could mask underlying external weakness, and that exports and imports kept falling through Q3.
Colombia is a modest feed importer, so the currency and external balance mainly affect local import costs and peso purchasing power rather than global grain or meal prices.
globalsourcepartners.comAndrés Escobar Arango, Juan Carlos EcheverryDec 23, 2020Not 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.
