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The United States is the leading supplier of imported consumer-oriented agricultural products to the Korean retail industry, shipping a record $6.2 billion in 2021. The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products, including beef, pork, processed meat, vegetables, fruits, nuts, dairy products, juices and soft drinks, alcoholic beverages, condiments and sauces, processed organic foods, coffee, bakery products, snacks and confectioneries.
The FAS/Seoul June 2022 Grain and Feed update covers changes to the Korean rice situation since the March 2022 Grain and Feed Annual report. MY 2022/23 rice production will likely decline slightly (1.4 percent) from the previous estimate due to government efforts to avoid overproduction, while consumption and imports are projected to remain unchanged from FAS/Seoul’s initial forecast.
In June 2022, Poland reported four new outbreaks of African Swine Fever (ASF) on hog farms, The outbreaks were located in ASF restricted areas that have a high concentration of ASF infections in wild boars. Additional outbreaks on farms are expected as the disease is more prevalent in the summer.
A Tableau visualization comparing exports to the current top U.S. agricultural export markets since 1989.