# Weak won pushes import prices up in October - The Korea Herald

> South Korea's import prices rose for a fourth consecutive month in October, up 0.5% from September, driven by a weaker won. The Bank of Korea said the won-dollar rate averaged 1,350.69, up 1.6% on the month. Import prices were down 10.2% from a year earlier, when oil prices had surged.

- Date: 2023-11-14 · published 2023-11-14T12:00:00.000Z
- Category: report · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/33418-weak-won-pushes-import-prices-up-in-october-the-korea-herald
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the won cost of dollar-priced imports, including feed grains and meals, which squeezes Korean feed buyers' margins. The data confirms that import costs remained elevated.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreaherald.com: https://www.koreaherald.com/article/3258365

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.