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Peru's Odebrecht bribery scandal is deepening, with new accusations that ex-president Ollanta Humala's wife received at least $3 million from Odebrecht for his 2011 campaign and an arrest warrant for ex-president Alejandro Toledo. Analysts expect the scandals to weaken the government's ability to raise investment, which has fallen to under 22.8% of GDP.
Weaker investment dampens Peru's medium-term growth outlook, which is a macro factor for the sol rather than a direct feed-supply shock. Near-term fisheries rebound is the main growth driver for agricultural inputs like fishmeal.
globalsourcepartners.comRoberto Abusada, Jose ValderramaMar 10, 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.
