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The FAS Seoul June 2021 Grain and Feed update covers changes to the Korean rice situation since the March 2021 Grain and Feed Annual report.

The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products.

While Korean seafood imports declined in 2020, the United States remains the country's fifth-largest seafood supplier with a 4.1 percent market share.

Korean imports of seafood in 2018 totaled $5.79 billion, up 16.2 percent from 2017 due to rising prices and increased imports of shrimp and squid.

Elevated food safety concerns coupled with evolved taste of the South Korean consumers generate increased demand for imported organic foods.

Strong consumer demand for value, quality, convenience, and diversity generates increased demand for imported agricultural products in the Korean retail industry.

On April 30, 2019, U.S. Embassy Seoul’s Office of Agricultural Affairs, the U.S. Grains Council (USGC) Korea office, and the Korea Biofuels Forum (KBF) jointly hosted the 2019 Seoul Fuel Ethanol....

The 2019/20 Marketing Year rice production forecast is unchanged from the previous report at 3.88 million metric tons (MMT), as price supports offset the government’s attempts to reduce rice paddy....