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Korea relies heavily on imports to fulfill its food and agricultural needs. Korea maintains a strong food processing industry that manufactures a wide variety of food and beverage products.
In 2017, domestic raw milk production totaled 2.06 million MT, down less than 1 percent from 2016. Since the FMD outbreak in 2010, local raw milk production has over-corrected....
In marketing year 2018/2019, FAS Seoul projects that Korea’s pear production will decline by close to 20 percent from the previous marketing year to 214,000 MT....
In Marketing Year (MY) 2018/19, heavy rains during the planting season caused farmers to opt out of the government program to reduce rice acreage and continue planting rice.
South Korea’s imports of American food and agricultural products in 2017 through September totaled $6.3 billion, up 25 percent from the same period of the previous year.
U.S. farm and food exports climbed eight percent in FY 2017, reaching the third-highest level on record.
Rice ending stocks are projected to decrease to 1.7 million metric tons (MMT) and 1.2 MMT in marketing year (MY) 2016/17 and MY 2017/18 respectively, as the Korean government has begun allowing....
Although planted area for pears continues to decline in a trend that has continued since the year 2000, expected increased yields will result in an increase in pear production....