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In the past 12 months, the peso has strengthened by 9% vs the usd and squeezed exporters' margins... especially among flower growers.
Local experts there say...adapt or close shop.
The annual $1 billion usd flower export business has been hurt the most because its costs are 100% in pesos...while sales are only in dollars.
Consolidation is already underway among the 360 flower farms.
