South Korea: Citrus Annual

Korea's total citrus production is forecast at 570,000 metric tons (MT), a 2.1 percent decline from the previous marketing year (582,000 MT), driven by lower yield for open-field tangerines, and a slight reduction in planted area. As the prices of other domestic and imported fruits rise, consumption of relatively cheap citrus - both imported and domestic - is expected to remain strong. Korea's imported orange consumption in MY 2023/24 is forecast to increase by 5.7 percent (5,000 MT) to 92,000 MT from the previous year (87,000 MT), helped by the decrease in domestic fruit supply and a recovery in the supply of U.S. navel oranges.