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FAS/Seoul forecasts marketing year (MY) 2023/24 corn imports to remain flat, with U.S. market share gradually recovering towards the end of the year. Wheat imports are expected to decline towards the long term average as feed wheat loses a temporary price advantage over corn.
South Korea's rebounding consumer demand for beef and pork, together with elevated retail prices, led to greater domestic slaughter and import totals in 2022 and into 2023.
Income growth and popularity in pet ownership, especially dogs, have increased demand for pet food in South Korea. Korea imported a total of $148 million worth of pet food in 2015, an 11% increase...
American cranberry farmers are in the homestretch of the harvest season in what looks to be another banner year for U.S. cranberry production.
The Korean pear industry is projected to continue declining, as both supply and demand for the fruit come under pressure.
Korean ending stocks of rice are revised upward to 1.7 MMT and 1.8 MMT in MY 2015/16 and 2016/17, respectively. Stocks continue to grow as a result of continued decline in per capita rice...