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As the fifth largest country export market for the United States, Korea provides a promising market for U.S. agricultural products. In 2023, Korea imported about $47 billion agricultural & related products from all over the world and the U.S...
On July 1, 2024, the United States and Republic of Korea agreed to the labeling requirements outlined in this report regarding storage state for U.S. red meat and poultry products and U.S. processed red meat, poultry, egg, and dairy products.
Marketing Year (MY) 2024/25 rice production and consumption forecasts remain unchanged since the April 2024 Grain and Feed Annual Report. Post revised MY 2023/24 rice imports down based on the import tender fulfillment pace by the Korean government. Progress allocating the 2024 rice tariff rate quota (TRQ) has been favorable for the United States, but local distribution of imported U.S. table rice has not kept pace, as auctions remain suspended since November 2023.
South Africa's agricultural exports reached an estimated $256 million in 2014, up from $226 million in 2010.
South Korea is the fifth largest export market for American agriculture.
Korea is an excellent market for American fruit juices.
Korea’s total citrus production for Marketing Year (MY) 2014/15 is forecast at 688,000 metric tons (MT), 2.4 percent higher than the 672,000 MT of MY 2013/14.
The Korea - Australia FTA will go into effect on December 12, 2014. The first year of this FTA will cover the period December 12-31, 2014.
On November 15, 2014, Statistics Korea (KOSTAT) released its revised rice production estimate of 4,240,739 metric tons.