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- (-) November 2015
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On November 13, 2015, Statistics Korea (KOSTAT) released its revised 2015 rice production estimate of 4.33 million metric tons.
Post revises rice production upward, despite a decline in planted area, based on record average yields of 5.33 MT/ha, due to favorable weather in September.
The Korean government has expended considerable resources in an effort to contain Foot & Mouth Disease (FMD) in swine and cattle as well as High Pathogen Avian Influenza (HPAI) in poultry farms.
Soybean imports are expected to be around 1.2 million MT for MY 2014/15, a decrease of six percent from the previous marketing year due to higher beginning stocks.