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Peru's voters approved three of four constitutional reforms proposed by President Martín Vizcarra in a December 9 referendum, by roughly a 4-to-1 margin. The reform creating a Senate was rejected, which ends the chance of a two-chamber Congress.
The result strengthens Vizcarra's political position ahead of possible prosecutorial action tied to Odebrecht.
This is a domestic political development with no direct effect on feed-ingredient supply, demand or prices. Any follow-on economic reforms could affect Peru's currency and investment climate over time.
globalsourcepartners.comRoberto Abusada, Jose ValderramaDec 10, 2018Not 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.
