Exchange rate movements generate a mixed outlook from survey respondents
NUTRITION & FEED SURVEY AT-A-GLANCE
Overall, survey respondents were less optimistic about the business outlook for the year ahead. Although many feel their profitability will improve or stay the same in 2015, exchange rate fluctuations and other economic conditions have prompted a sizable number of respondents to feel the year will take a negative turn (Figure 1). For example, in Brazil and Mexico, currencies have devalued against the U.S. dollar. Though raw materials might be cheaper, the savings don’t translate given the value of the peso or the real — decreasing the competiveness in these countries.