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GlobalSource Partners forecasts modest Peruvian growth in Q1 2019 and weak Q2 if the blockade of the Las Bambas copper mine persists, which could cut about 1% of monthly GDP. It keeps its 2019 growth forecast at 3.8% and expects the central bank to hold its 2.75% policy rate with at most a 25 bp rise by year-end.
Copper supply disruption and currency intervention affect Peruvian export and import flows, though the article has little direct bearing on feed ingredient prices. Expected flat terms of trade suggest limited pressure on feed import costs.
globalsourcepartners.comRoberto Abusada, Jose ValderramaApr 11, 2019Not 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.
