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The Korea oilseeds and products market is mature with limited annual change, reflecting stable consumer demand and stagnant domestic production.
MY 2021/22 Korean soybean production and consumption is projected to remain mostly unchanged from the prior year, amid stagnant domestic production and flat consumer demand...
FAS Seoul forecasts that Korean soybean production for MY 2020/21 will increase by 3 percent.
On December 24, 2018, Korea issued an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products....
Korea relies heavily on imports to fulfill its food and agricultural needs. Korea maintains a strong food processing industry that manufactures a wide variety of food and beverage products.
With a slight increase in projected acreage due to the government-run rice area reduction program, soybean production is expected to rise slightly to 92,000 metric tons (MT) in Marketing Year....
Korea relies heavily on imports to fulfill its food and agricultural needs. Korea maintains a strong food processing industry that manufactures a wide variety of food and beverage products.
Total production of grain and other crops on a grain equivalent basis is estimated at 5.75 million metric tons (5 MMT, milled basis for rice and grain equivalent for soybeans) in marketing year....
Due to a government program incentivizing a decrease in rice production, FAS Seoul projects that soybean production for Marketing Year (MY) 2018/19 will increase by approximately 20 percent....
Due to a government program incentivizing a decrease in rice production, FAS Seoul projects that soybean production for Marketing Year (MY) 2018/19....
In MY 2015/16, 37 percent of the total South Korean edible oil supply was palm oil, 35 percent was soybean oil, 9 percent was rapeseed oil and 20 percent was an assortment of other oils.
Several categories of U.S. food and agricultural exports to South Korea saw significant growth in fiscal year 2017 (Oct/Sept).