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Attaché Report (GAIN)

South Korea: Retail Foods

The United States is the leading supplier of imported consumer-oriented agricultural products to the Korean retail industry, shipping a record $6.2 billion in 2021. The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products, including beef, pork, processed meat, vegetables, fruits, nuts, dairy products, juices and soft drinks, alcoholic beverages, condiments and sauces, processed organic foods, coffee, bakery products, snacks and confectioneries.
International Agricultural Trade Report

Impacts and Repercussions of Price Increases on the Global Fertilizer Market

Executive Summary Global fertilizer prices are at near record levels and may remain elevated throughout 2022 and beyond. Fertilizer prices account for nearly one-fifth of U.S. farm cash costs, with an even greater share for corn and wheat producers...
On June 10, 2022, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued Notification F. No. Std/TF-Vegan Foods/Notif/FSSAI. The notification was published in the Gazette of India - Extraordinary (official gazette) on June 14, 2022.
On June 17, 2022, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) issued Notification F. No. 1828/Misc. Matters/FSSAI/Imports-2021 notifying the expanded list of rectifiable labeling deficiencies for imported food products.
On June 16, 2022, the People’s Republic of China (PRC), Ministry of Agriculture and Rural Affairs (MARA) released two draft National Food Safety Standards for maximum residue limits covering a total of 98 pesticides in foods for public comment.
Indonesia, the largest economy in Southeast Asia, was the 11th largest market for U.S. agricultural exports in 2021 valued at $24.5 billion. Indonesia is party to 14 Free Trade Agreements (FTA), creating tough competition for U.S. agricultural exports. Indonesia’s major FTA partners (i.e., Australia, New Zealand, China, etc.) also benefit from proximity.
Attaché Report (GAIN)

Turkey: Food Inflation in Turkey Marches Higher

Food inflation in Turkey is the highest it has been in decades. Average food prices in May were up 92 percent from a year ago. One of the leading reasons behind higher food prices is the rising cost of on-farm inputs, such as fuel, fertilizer, and feed.
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.
Attaché Report (GAIN)

Japan: Retail Foods

In 2021, the total value of all retail food and beverage (F&B) sales in Japan totaled $467.20 billion, a 2.3 percent decrease over 2020 sales of $478.12 billion. Supermarkets continue to represent the bulk of the retail food market, accounting for 74 percent of the market, with convenience stores, drugstores and internet sales of food and beverages accounting for the rest of the market.
This report outlines specific requirements for food and agricultural products to be imported into Turkey and was prepared by the USDA Foreign Agricultural Service’s Office of Agricultural Affairs in Ankara, Turkey for U.S. exporters of food and agricultural products.
This 2022 Food and Agriculture Import Regulations and Standards (FAIRS) Export Certificate Report for Turkey lists the major export certificates and other requirements expected by the Turkish government for food and agricultural products imports to Turkey.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices decreased 3-5 percent due to the weakening of the Thai baht.