Korean food companies such as CJ CheilJedang, Nongshim, Orion and Lotte Wellfood source key raw materials including wheat, soybeans, corn, palm oil and cocoa largely from overseas, according to a 13 November filing review. The article says raw material costs, exchange rates and climate risks are squeezing their profitability.
Heavy reliance on imported grains, oilseeds and palm oil means Korean food makers' input costs track global grain prices and the won exchange rate, so sustained global price moves feed directly into their margins.
After 13 past neutral macro events, Wheat (SRW) moved a median -0.3% over 5 sessions (46% higher; middle half -2.0% to +0.2%), and -2.0% 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.