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The Korean government revised official cattle inventory statistics going back to the end of 2014.
Graphic showing the top markets for U.S. ag exports in 2017. Canada was the top market, followed by China and Mexico.
A temporary crisis in egg supply in 2017 created an opportunity for U.S. eggs to enter the Korean market.
Due to a government program incentivizing a decrease in rice production, FAS Seoul projects that soybean production for Marketing Year (MY) 2018/19 will increase by approximately 20 percent....
Due to a government program incentivizing a decrease in rice production, FAS Seoul projects that soybean production for Marketing Year (MY) 2018/19....
In February 2017, Korea implemented new biotech labeling requirements for any food with detectable biotech ingredients. In May 2017, the National Seed Management Agency (NSMA) found....
Distiller’s dried grains with solubles (DDGS) are a byproduct of corn ethanol production. This derivative is primarily used in compound animal feeds as a vegetable based protein.
Citrus production in Marketing Year (MY) 2017/2018 is projected to continue a multi-year decrease to 560,000 MT, the lowest production level for the past two decades.
Several categories of U.S. food and agricultural exports to South Korea saw significant growth in fiscal year 2017 (Oct/Sept).
U.S. agricultural exports to South Korea have grown in recent years, largely due to tariff reductions and the lifting of non-tariff barriers under the U.S.-Korea Free Trade Agreement (KORUS).
On November 14, 2017, Statistics Korea (KOSTAT) released its revised 2017 rice production estimate of 3.972 million metric tons (MMT), slightly up from 3.955 MMT....