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On December 31, 2024, Korea issued its flexible tariff Adjustment and Tariff Rate Quota list for certain agricultural, forestry and fishery products for calendar year (CY) 2025.
On February 4, 2025, Canada’s Pest Management Regulatory Agency (PMRA) opened a consultation on proposed maximum residue limits (MRLs) for lambda-cyhalothrin.
Canada's Pest Management Regulatory Agency (PMRA) has initiated a consultation on a proposal to revoke the maximum residue limit (MRL) for tebuconazole on grapes.
The Korean government revised its marketing year (MY) 2024/25 rice production estimate down to reflect a 2-percent yield reduction from extreme heat, untimely rains, and pest damage.
The wheat-growing regions of the Prairie Provinces experienced improved soil moisture conditions going into the winter months and during the first three months of winter.
Canada continues to be the top international market for U.S. consumer-oriented products, accounting for approximately 25 percent of the United States' total global consumer-oriented agricultural exports.
Building upon initial consultations held in summer 2024, Canada’s Competition Bureau seeks public comments on new guidelines regarding environmental claims. Interested stakeholders have until February 28, 2025, to send their comments.
Chocolate is a popular product in the Korean market, with 2023 sales reaching $578 million and imports of chocolate totaling $356 million.
Korean imports of cheese products continue to grow, seeing a five percent compound annual growth rate over the last five years. Mozzarella is the most imported cheese product and the United States is the leading supplier of cheese to Korea.
Korea’s beer imports reached $218 million in 2023, up 11.8 percent from $195 million in 2022, but still 30 percent down from the record high of $310 million in 2018. Although Korea’s beer imports have been decreasing since the pandemic, the United States increased exports of beer to Korea in 2023, reaching $17.9 million, up 43% from $12.5 million in 2022.
E-commerce is one of the largest retail channels and an essential component of the overall consumer market in Korea. Food related online sales in 2023 including food, agricultural products, and food delivery services was once again the largest category, occupying about 30 percent of the total online sales for three consecutive years.
Korea’s marketing year (MY) 2024/25 citrus production is forecast down 2.6 percent to 565,000 MT, a 10-year low, on gradually declining acreage and adverse weather conditions. Jeju Island, where nearly all Korean citrus is grown, experienced a prolonged summer heat wave lasting into mid-September, followed by excessive fall rain, which caused fruit cracking and rot.