Peru's political standoff between President Martín Vizcarra and Congress continues after he requested early general elections six weeks earlier. The report notes falling public support for the president and early elections, and H1 2019 GDP growth of 1.7% y/y, with weaker private consumption and exports in Q2.
Political uncertainty and slower growth in Peru can weigh on the sol and the fishmeal sector's economics, which are important for global fishmeal supply and pricing. Direct effects on feed commodity prices are limited.
Not enough comparable past events yet for a historical read.
Not 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.