Browse Data and Analysis

Under the 2019 rice Tariff Rate Quota (TRQ), Korea purchased a total of 408,700 metric tons (MT) of rice (milled basis) from three countries: the United States, China, and Vietnam.

A new government policy raising export taxes for agricultural products from 6.7 percent to 12 percent in December 2019 drives advanced MY19/20 grain crop sales.

Section Updated: Section I, II, III, V, VI, VII, VIII and IX and Appendix I and II.

This report provides minimal updates compared to the previous year’s report.

In MY 2018/19, total production of grain and other crops (grain-equivalent basis for potatoes) dropped 12 percent from the previous marketing year to an estimated 4.9 million metric tons....

2019/20 soybean planted area is forecast at 18 million hectares and production is forecast at 53 million tons, unchanged since September.

The Korean government implemented a volume-based liquor tax for beer on January 1, 2020.

For MY 2019/2020, Post forecasts fresh citrus production at 1.6 MMT for lemons, 720,000 MT for oranges and 390,000 MT for tangerines.