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Colombia's peso has weakened to around 3,000 per US dollar, with the country's economy hit by the oil price slump. The government raised the sales tax from 16% to 19% under a tax reform, and analysts now expect 2017 GDP growth near 1.8%.
A weak peso raises the cost of imported feed ingredients for Colombian compound feed producers, while slower growth limits meat and dairy demand growth.
thecitypaperbogota.comPeter HillAug 8, 2017Not 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.
