South Korea: Grain and Feed Update

  |   Attaché Report (GAIN)

The MY 2020/21 wheat import forecast remains unchanged at 4 MMT. 2020/21 corn consumption projections are revised up to 12 MMT, consisting of 9.7 MMT for feed purposes and 2.3 MMT for food, seed, and industrial (FSI) purposes, up 4.3 percent from FAS/Seoul’s initial forecast of 11.5 MMT. The 2020/21 corn import forecast is revised up to 12 MMT from FAS/Seoul’s initial forecast of 11.5 (a 4.3 percent increase), due to rising animal inventories and limited availability of price competitive feedgrade wheat and domestic rice for feed. Statistics Korea (KOSTAT) estimates 2020 rice production at 3.63 million metric tons (MMT), down three percent from the previous year due to both lower production area and reduced yields.

South Korea: Grain and Feed Update

Related Reports

The United States Department of Agriculture, led by the Animal Plant Health Inspection Service, finalized new export health certificates for several animal products in three West African countries.
Attaché Report (GAIN)

Haiti: FAIRS Country Report Annual

This report is an overview of general legal and technical requirements imposed by the Government of Haiti for food and agricultural imports.
Attaché Report (GAIN)

Venezuela: FAIRS Country Report Annual

This report is an annual update of Venezuela’s agricultural product import standards and enforcement mechanisms for U.S. exporters of agricultural commodities, foods, and beverages.