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This report provides updates to the Korea Rice Production 2022 report issued by FAS/Seoul on June 28, 2022, based on new data released by the Korean Ministry of Agriculture, Food, and Rural Affairs (MAFRA) in December 2022.
On December 27, 2023, Korea issued its flexible tariffs (Adjustment and Tariff Rate Quota) list for certain agricultural, forestry and fishery products for calendar year (CY) 2023.
MY 2016/17 corn imports are forecast to decrease 200,000 MT to 9.8 MMT due to competitively-priced wheat replacing corn for feed use.