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Bloomberg reports that Korea's heavy reliance on raw-material imports is becoming more costly as the won weakens. Growing offshoring also means export dollar proceeds are not fully repatriated.
Persistent won weakness raises the cost of imported raw materials for Korean buyers, a structural factor for feed import budgeting.
bloomberg.comSam KimMay 6, 2024Not enough comparable past events yet for a historical read.
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.
