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The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.
While per capita grain consumption in Korea remains steady, or declining in the case of rice, increased manufacturing of K-food for exports drives total consumption, offsetting decreases in other sectors.
Wheat consumption in the Dominican Republic (DR) during marketing year (MY) 2025/26 (July 2025/June 2026) is forecast to increase by two percent, reaching 520,000 metric tons (MT).
Market share of U.S. corn in South Korea is expected to remain strong in MY 2024/25 after rebounding to 20 percent in MY 2023/24. Domestic rice production continues its slow decline as the government incentivizes farmers to switch to planting alternate crops.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
The Korean government’s policy incentivizing farmers to replace rice acreage with other crops is the driving force behind record low rice planting and production projected in marketing year (MY) 2024/25.
Wheat consumption in the Dominican Republic (DR) during marketing year (MY) 2024/25 (July 2024/June 2025) is forecast at 490,000 metric tons (MT), unchanged from the previous MY. Dominican wheat imports are forecast to rise to 670,000 MT due to manufacturers’ international expansion plans and growth in the hotel, restaurant, and institutional (HRI) sector.
Rice production in Korea is forecast to be gradually down in marketing year (MY) 2023/24 on reduced acreage in response to government incentives encouraging farmers to switch to other grains, such as wheat and soybean.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
FAS/Seoul forecasts marketing year (MY) 2023/24 corn imports to remain flat, with U.S. market share gradually recovering towards the end of the year. Wheat imports are expected to decline towards the long term average as feed wheat loses a temporary price advantage over corn.
Wheat consumption in the Dominican Republic (DR) during marketing year (MY) 2023/24 (July 2023/ June 2024) is forecast at 460,000 metric tons (MT), up two percent from MY 2022/23. Dominican wheat imports are forecast at 622,000 MT, a two percent increase from the last forecast due to manufacturers’ international expansion plans as well as expected population and hotel, restaurant and institutional (HRI) sector growth.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.