South Korea: Grain and Feed Update

  |   Attaché Report (GAIN)

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. The U.S. share was 32.8 percent, down 5.9 percentage points from the previous year. The slow pace of sale auctions for imported table rice in Korea has continued since 2014, resulting in unsold imported rice accumulating every year. The unsold rice loses quality in storage over time and usually in Korea is then converted for alcohol processing. Korea’s rice exports were only 52,663 MT in CY 2019, which included a 50,000 MT donation under the Food Assistance Convention (FAC), and a 1,000 MT donation under the ASEAN Plus Three Emergency Rice Reserve (APTERR).

South Korea: Grain and Feed Update

Related Reports

Attaché Report (GAIN)

Thailand: Cotton and Products Update

Post forecasts MY2022/23 cotton imports to increase 4 percent but remain well below the 5-year average annual import demand from MY2017/18 – MY2021/22 in anticipation of slow economic recovery in 2023.
Attaché Report (GAIN)

Hong Kong: The Hong Kong Wonton - Volume 3 Issue 6

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Aspiring Chefs Explore “The Science of Souffle” With U.S. Ingredients and Local Flavors
Attaché Report (GAIN)

Brazil: Food Processing Ingredients

The Brazilian Food Processors' Association (ABIA) reported that the food processing sector in Brazil had revenue of US$209 billion in 2022, showing a growth of 16.6 percent compared to the previous year.