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On November 12, 2020, Statistics Korea (KOSTAT) released a revised 2020 rice production estimate of 3.507 million metric tons (MMT), down an additional 3.4 percentage points from the initial...
In marketing year (MY) 2020/21 (July-June), FAS Seoul projects Korea’s pear production to decrease by 20 percent (to 160,000 MT) mainly due to reduced planted area and unfavorable weather conditions..
The MY 2020/21 wheat import forecast remains unchanged at 4 MMT. 2020/21 corn consumption projections are revised up to 12 MMT, consisting of 9.7 MMT for feed purposes and 2.3 MMT for food, seed...
Korea has a strong food processing industry that manufactures a wide variety of food and beverage products. It also relies heavily on imports to fulfill its food and agricultural needs.
This report provides an overview of the impact to date of COVID-19 on the Korean trade balance, distribution channels, wholesale prices and government support programs provided to cope with the...
The Korean food market has been seriously hit by the on-going COVID-19 outbreak.
U.S. beer exports to South Korea totaled $67 million in 2019, up 74 percent from the previous year.
The outbreak in Korea of Novel Corona Virus 2019 (COVID 19) in January 2020, is creating significant economic headwinds, reducing demand for animal protein.
In April 2019, the Rural Development Administration (RDA) announced the creation of its Center to Commercialize New Breeding Technologies.
FAS Seoul forecasts that Korean soybean production for MY 2020/21 will increase by 3 percent.