The Colombian peso is on a hot streak, and that’s good for national pride, consumers of luxury imports and tourists heading to Disney World. But it’s a bouquet of trouble for Bogota flower grower Carlos Borrero and the rest of this nation’s export-centered rose industry. Like most growers who sell abroad, Borrero is paid in dollars but absorbs his costs in pesos. That means the revenue he’s taking in buys about 40 percent less locally than four years ago. Meanwhile, the cost of his labor and materials have risen 40 percent in the same period. Full Story
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