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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.
The Office of Agricultural Affairs hosted the 7th annual Roundtable on Agriculture in the Democratic People’s Republic of Korea (DPRK) in Seoul on September 13, 2018.
South Korea’s HRI Food Service sector continues to grow as the nation’s socio-economic changes continues to spur consumers’ spending on dining out.
South Korea’s imports of American food and agricultural products in 2018 through October totaled $7.9 billion, up 16.8 percent from the same period of the previous year.
Due to bad weather during the flowering and fruit growing seasons, Korean fresh apple production is projected to decrease by 14 percent to 467,800 metric tons (MT) in Marketing Year (MY) 2018/19.
Korea’s Ministry of Food and Drug Safety will begin implementation of its previously announced pesticide Positive List System (PLS) on January 1, 2019.
On November 13, 2018, Statistics Korea (KOSTAT) released its revised 2018 rice production estimate of 3.868 million metric tons (MMT), slightly down from 3.875 MMT, the initial rice production....