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Excessive rain and mudslides from El Niño have hit Peru, with as many as 1 million people potentially affected. Preliminary damage estimates are $3-4 billion, mostly to infrastructure, with less impact on crops.
Flooding in Peru is mainly an infrastructure shock, with limited crop losses, so the feed price impact is modest. Rain-driven disruption to farm output and logistics could still tighten local supplies of feed inputs.
globalsourcepartners.comRoberto Abusada, Jose ValderramaApr 4, 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.
