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Korea JoongAng Daily reports that the won closed at 1,323.9 per dollar on May 9 and has stayed above 1,300 since March 31. Airlines and energy firms face pressure from dollar payments, while exporters have not benefited from the weak won due to weak sales.
Higher dollar costs for Korean importers of energy and feed raise input costs in the region. The article describes an existing trend rather than a new shock to grain or meal prices.
koreajoongangdaily.comNEWS1May 9, 2023Not 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.
