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Brazil's truckers' strike, now more than a week old, is winding down as police presence reduces roadblocks, though domestic trade will take time to normalize. Losses are mounting across sectors, notably perishables and livestock.
ING expects the inflation and activity hit to be short-lived but says the fiscal impact will last.
Roadblocks disrupt feed and livestock logistics in Brazil, adding short-term cost pressure on local feed and meat supply. The lasting fiscal strain adds risk to the real and local assets, which can feed into import costs for feed buyers.
think.ing.comMay 30, 2018After 338 past bullish events of any kind, Brazilian Real (BRL per USD) moved a median +0.3% over 5 sessions (56% higher; middle half -1.3% to +1.7%), and +1.0% over 20.
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.
