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South Korea is the United States’ second largest beef market by value, a remarkable turnaround from the market closure in late 2003.
Korean rice production is forecast to decrease in MY 2018/19 as the government’s rice reduction program takes effect.
This is an update to implementation of Korea’s Special Act on Imported Food Safety Management (GAIN KS1609).
The KORUS FTA (Free Trade Agreement) went into effect March of 2012, and the agreement’s elimination of tariffs for almonds and pistachios, as well as tariff reductions for walnuts...
Since the FMD outbreak in 2010, local raw milk production has rebounded, but has outpaced slower growing demand. As a result, higher ending stock levels in 2014 carried over into 2015.