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BNamericas reports that Peru's local governments face difficulty executing their 2018 infrastructure budgets ahead of October regional and municipal elections. About 26% of the 157bn-sol budget targets public infrastructure, which the government counts on to help drive 4% GDP growth.
Infrastructure spending supports domestic demand and logistics, which can affect freight and feed demand in Peru. The direct effect on feed commodity prices is small.
bnamericas.comAug 3, 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.
