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Argentina's central bank surprised markets by raising its key rate from 27.25% to 30.25% and said it is ready to act again if inflation stays high. The peso strengthened 1.31% to 20.65 per US dollar after the move, and inflation reached 25.4% in the 12 months through March.
A stronger peso and tighter credit can reduce the peso cost of imported feed ingredients and fertilizer, but slower domestic growth may trim local meat and feed demand.
en.mercopress.comApr 29, 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.
