South Korea: Grain and Feed Annual
Korean rice production is forecast to decrease in MY 2018/19 as the government’s rice reduction program takes effect. Meanwhile, rice imports are anticipated to remain steady. The government will continue to decrease rice stocks, using more limited amounts of rice for feed, and also donating through food aid. Feed wheat consumption is expected to rebound in MY 2018/19 from a drop in 2017/18, while wheat flour use remains steady. Corn feed consumption is forecast to increase steadily, as other uses stay stagnant. Wheat and corn imports are thus expected to increase to meet this improved demand.