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Korea’s cattle and hog herds will continue to grow next year, driving beef and pork production.

Korean imports of seafood in 2017 totaled $4.98 billion, up 10.7 percent from 2016 due to rising prices and increased imports of white fish and shrimp.

In Marketing Year (MY) 2019 (January – December), Korea’s chicken production is projected to increase about 2.4 percent to 932,000 metric tons (MT) from 910,000 MT in MY 2018....

Strong consumer demand for value, quality, convenience and diversity generates increased demand for imported agricultural products in the Korean retail sector.

On June 26, 2018, the Agricultural Affairs Office at U.S. Embassy Seoul, the U.S. Grains Council Korea office and the Korea Biofuels Forum jointly hosted the 2018 Seoul Bioethanol Conference.

Korean potato production is expected to increase to 530,000 metric tons (MT) in Calendar Year (CY) 2018, as potato farmers respond to higher prices caused by low supply in CY 2017.

As actual rice planting area was less than FAS/Seoul had estimated in the last report, the rice production forecast for MY 2018/19 is revised down to 3.73 million metric tons (MMT).

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....

Korea has an active greenhouse farming culture, accounting for about 12 percent of agricultural output by value.

Column chart comparing the change in value of U.S. agricultural exports before and after key trade agreements.

South Korea is the United States’ second largest beef market by value, a remarkable turnaround from the market closure in late 2003.

Korean rice production is forecast to decrease in MY 2018/19 as the government’s rice reduction program takes effect.