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Korea was the 5th largest country importer of the U.S. agricultural and related products in 2023. The United States is the leading supplier of imported consumer-oriented agricultural products for Korean retail industry, shipping $4.9 billion in 2023.
Chicken production in South Korea will continue its gradual growth trend through 2024 and into 2025, as poultry inventories recover from productivity challenges in 2023 and fend off a 2024 outbreak of HPAI.
The imported beer market in South Korea continues to show robust growth due to strong consumer demand for products of diversified taste and higher quality.
In crop year 2016/17, South Korean tangerine production is expected to continue a multi-year trend of decreasing quantity and increasing quality.
In February 2016, Korea revised the Food Sanitation Act, expanding mandatory biotech labeling to include all products with detectable biotech ingredients.
On November 16, 2016, South Korea reported an outbreak of the Highly Pathogenic Avian Influenza (HPAI) H5N6 that has since continued to spread rapidly.
Despite high domestic cattle and beef prices, Post forecasts Korea’s cattle calf crop to see its third consecutive yearly decline in 2017.
Imports of American food and agricultural products into Korea in 2016 through September totaled $5.1 billion, down 11 percent from the previous year mainly due to reduced demand for basic...
On November 15, 2016, Statistics Korea (KOSTAT) released its revised 2016 rice production estimate to 4.197 million metric tons (MMT), slightly down from 4.2 MMT, the initial rice production...