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In the current marketing year running from July 2021 to June 2022, Korea’s fresh apple production and consumption are projected to rise by 13 percent after several years of gradual decline.
On November 15, 2021, Statistics Korea (KOSTAT) released a revised 2021 rice production estimate of 3.882 million metric tons (MMT), up an additional 1.6 percentage points from the initial rice production estimate in early September and up 10.7 percent from the previous year.
Korea is in the process of revising its existing Living Modified Organism (LMO) Act to cover products of innovative biotechnologies, including genome edited products.
FY2021 agricultural exports reach record levels.
This report is an October 2021 update to the FAS Seoul Grain and Feed Annual released on March 31 and the Grain and Feed Update from June 27.
Korea’s 2021/22 pear production is projected to surge by nearly 40 percent, driven mostly by increased yields. Korean pear consumption is expected rise by a similar level. Fresh U.S. (and other origin) pear imports are not allowed under Korea’s existing phytosanitary regulations.
In 2021 the U.S. Agricultural Trade Office (ATO) in Seoul, Korea partnered with Gallup Korea to survey Korean consumers views on imported and domestic food.
In 2012, retail sales of cheese reached a recorded to $404.7 million, which was an 11 percent increase from 2011. The United States was the largest dairy exporting country with 31 percent market share, followed by New Zealand with 18 percent, the EU...
A rapidly growing middle class in North Asia is expected to boost demand for U.S. agricultural exports over the next decade.
A look at U.S. exports to South Korea in the year since since the United States-Korea Free Trade Agreement entered into force.
While trade in chocolate confectionery remains small relative to overall demand, U.S. exporters are finding opportunities in both developed and emerging markets around the globe.