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Korean potato production is expected to increase to 530,000 metric tons (MT) in Calendar Year (CY) 2018, as potato farmers respond to higher prices caused by low supply in CY 2017.
As actual rice planting area was less than FAS/Seoul had estimated in the last report, the rice production forecast for MY 2018/19 is revised down to 3.73 million metric tons (MMT).
South Africa's agricultural exports reached an estimated $256 million in 2014, up from $226 million in 2010.
South Korea is the fifth largest export market for American agriculture.
Korea is an excellent market for American fruit juices.
Korea’s total citrus production for Marketing Year (MY) 2014/15 is forecast at 688,000 metric tons (MT), 2.4 percent higher than the 672,000 MT of MY 2013/14.
The Korea - Australia FTA will go into effect on December 12, 2014. The first year of this FTA will cover the period December 12-31, 2014.
On November 15, 2014, Statistics Korea (KOSTAT) released its revised rice production estimate of 4,240,739 metric tons.