Colombia received COP 79 trillion in dividends and other income from Ecopetrol, while COP 87.7 trillion went toward covering the accumulated deficit of the Fuel Price Stabilization Fund (FEPC). The figures were presented by Universidad de los Andes professor Sergio Cabrales.
Large fuel subsidy deficits point to pressure on Colombian fiscal policy and possible changes to diesel pricing, which affects freight and logistics costs for feed. The article does not signal a direct move in feed commodity prices.
After 27 past neutral policy events, ULSD / Diesel moved a median -1.4% over 5 sessions (41% higher; middle half -4.3% to +2.6%), and -4.6% 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.