South Korea: Grain and Feed Annual

MY 2019/2020 wheat production will remain negligible at 25,000 metric tons (MT), while wheat consumption is anticipated to grow slightly to 3.85 million MT (MMT). MY 2019/2020 corn consumption, almost all of which is imported, is expected to rise about 2 percent to 10.6 MMT due to projected increases in swine and poultry inventories. Despite a government rice reduction program, rice production is forecast to stay around 3.88 MMT in MY 2019/2020, while rice consumption is forecast to decrease to 4.5 MMT. Korea will continue to donate rice and use some as feed in an attempt to draw down rice stocks.

South Korea: Grain and Feed Annual