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On November 12, 2020, Statistics Korea (KOSTAT) released a revised 2020 rice production estimate of 3.507 million metric tons (MMT), down an additional 3.4 percentage points from the initial...
In marketing year (MY) 2020/21 (July-June), FAS Seoul projects Korea’s pear production to decrease by 20 percent (to 160,000 MT) mainly due to reduced planted area and unfavorable weather conditions..
The MY 2020/21 wheat import forecast remains unchanged at 4 MMT. 2020/21 corn consumption projections are revised up to 12 MMT, consisting of 9.7 MMT for feed purposes and 2.3 MMT for food, seed...
Despite high domestic cattle and beef prices, Post forecasts Korea’s cattle calf crop to see its 3rd consecutive decline.
The Korean poultry market is expected to continue to expand in 2017, with increases in production and imports increasing to meet growing popularity of chicken products.
Despite challenging economic environment, the South Korean wine market continues to expand.
Hanjin Shipping, the largest shipping company in Korea (7st largest shipping company in the world), filed for court receivership on August 31, 2016. It is almost certain that difficulties with port...