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Attaché Report (GAIN)

South Korea: Grain and Feed Update

The FAS/Seoul June 2022 Grain and Feed update covers changes to the Korean rice situation since the March 2022 Grain and Feed Annual report. MY 2022/23 rice production will likely decline slightly (1.4 percent) from the previous estimate due to government efforts to avoid overproduction, while consumption and imports are projected to remain unchanged from FAS/Seoul’s initial forecast.
World Production, Markets, and Trade Report

Dairy Monthly Imports

This monthly report includes information on U.S. and global imports of dairy products, including maximum quantities that can be imported under tariff-rate quota licensing.
Quarterly Agricultural Export Forecast

Quarterly Agricultural Export Forecast

FAS and the Economic Research Service jointly publish the quarterly Outlook for U.S. Agricultural Trade. The agricultural export forecast is updated February, May, August, and November.
The Republic of Korea (ROK) has joined international commitments to reach carbon neutrality by 2050 and passed a Carbon Neutrality Act in 2021 to promote green growth. Although the agricultural industry will be relatively less impacted than some other sectors (including energy), agricultural producers will need to make some adjustments.
Attaché Report (GAIN)

South Korea: Korea Lobster Market Brief

The lobster market in Korea was hit hard by the COVID-19 pandemic in 2020. In 2021, Korean lobster imports totaled 413.6 metric tons. The United States was the second largest supplier, holding a 7.7 percent market share by volume. Canada is the largest supplier.
An increasing number of Korean customers are making values-based consumption decisions. Korean customers are willing to pay more for eco-friendly products.
Data Product

2021 Agricultural Export Yearbook

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
Attaché Report (GAIN)

South Korea: Food Processing Ingredients

Korea has a strong food processing industry that manufactures a wide variety of food and beverage products. It also relies heavily on imports to fulfill its food and agricultural needs.
Attaché Report (GAIN)

South Korea: Livestock and Products Semi-annual

Korea’s overall demand for beef and pork in 2022 will remain steady and could improve in the second half of the year with a reopening of its restaurant sector. However, Covid-related restrictions continue to limit Korea’s Hotel, Restaurant, and Institutional businesses where meat is heavily consumed.
Attaché Report (GAIN)

South Korea: Grain and Feed Annual

FAS/Seoul projects Korea’s corn imports and consumption to increase in 2022/23 to support anticipated growth in animal inventories, following an expected decrease in corn imports in 2021/22 due to the war in Ukraine. Korean wheat consumption in 2022/23 is forecast to decline 15 percent due to reduced feed wheat supply.
This report outlines the specific requirements for food and agricultural product imports into the Republic of South Korea. Updates to the 2022 FAIRS Report are included in Sections V, VI, VII and Appendix II.
This report includes technical information and certificate requirements for food and agricultural product exports to the Republic of South Korea.