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The Bank of Korea reported that the won has depreciated against the dollar more steeply than other currencies, falling about 9% since early last year. The central bank cited soaring raw material prices, South Korea's reliance on China's economy, and foreign investors selling local stocks.
A weaker won raises the local cost of imported grains, soybeans and other feed inputs, which pressures Korean feed buyers' margins.
en.yna.co.krJan 18, 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.
