Forward contract clarity

CFA Level I Derivatives
#1

From Kaplan:

Explanation
Either a decrease in benefits or an increase in costs of holding the underlying asset would increase the no-arbitrage price of a forward contract.

So theoretically the price of the forward contract increases if costs increase or benefits go down? Is this the market value after initiation of the contract?

#2

This is the price: the agreed forward price when you enter into the contract.

A change in the benefits or costs will also affect the value (later).

#3

Why would an increase in costs make the “value” of a contract become greater?

#4

They’ll affect the spot price, which affects the value.

#5

That tip was helpful.