Browse Data and Analysis

FAS/Seoul forecasts Korea’s 2025 milk production to decrease to 1.92 million tons. Korean milk production continues to decline in line with industry contraction and demographic-driven consumption declines.

Consumption of U.S. beef continues to gradually rise as consumer confidence in its safety goes up, however it’s less competitive due to higher prices and stiff competition.

As the well being trend is set to become even more prominent in Korea – U.S. Equivalency Agreement (KORUS EA) implementation since July 2014, the prospects for imported organic food seem very bright.

Expansion and diversification of large-scale retail businesses coupled with introduction of information technologies has led a rapid evolvement of the retail food sector in South Korea...

Wheat imports remain fairly steady at 3.9 and 4 million tons for MY 2014/15 and MY2015/16 respectively.