jeff9366
Super Star Member
- Joined
- Jan 14, 2011
- Messages
- 12,777
- Tractor
- Kubota Tractor Loader L3560 HST+ ~~~~~~~~~~~~~ 3,700 pounds bare tractor, 5,400 pounds operating weight, 37 horsepower
KIOTI raising prices 3% ?
The US$ has weakened against the Korean Won about 7% in the last twelve months.
Kioti may be trying to recoup some of the drop in Korean purchasing power relative to the US$ through a 3% price increase.
The US$ has weakened 11% against a diffuse basket of foreign currencies in the last year.
That should mean a rise in the price goods imported to the USA.
Bad for US consumers. Good for US exporters, whose products are cheaper to foreign customers.
The time to institute a price increase is when the economy of your customers is doing well.
FRIDAY: Nonfarm payrolls increase by 313,000 in February vs. 200,000 estimated.
The US$ has weakened against the Korean Won about 7% in the last twelve months.
Kioti may be trying to recoup some of the drop in Korean purchasing power relative to the US$ through a 3% price increase.
The US$ has weakened 11% against a diffuse basket of foreign currencies in the last year.
That should mean a rise in the price goods imported to the USA.
Bad for US consumers. Good for US exporters, whose products are cheaper to foreign customers.
The time to institute a price increase is when the economy of your customers is doing well.
FRIDAY: Nonfarm payrolls increase by 313,000 in February vs. 200,000 estimated.