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The Bank of Korea governor said external factors such as aggressive US rate hikes make policy guidance harder. The central bank delivered a 50-basis-point hike, citing the won's 6.5% slide against the dollar in September as a major driver of higher import costs.
A weaker won raises the local cost of dollar-priced feed imports such as corn, soybean meal and wheat, which tightens Korean feed margins. Continued currency weakness keeps import demand under pressure.
reuters.comOct 15, 2022Not 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.
