South Korea: Grain and Feed Annual
Wheat imports remain fairly steady at 3.9 and 4 million tons for MY 2014/15 and MY2015/16 respectively. Imports hinge to a large extent on the continued availability of feed wheat with milling wheat remaining steady. Meanwhile, corn consumption is expected to remain around 10.1 and 10 million MT for MY 2014/15 and MY 2015/16 respectively. Imports of U.S. corn in My 2015/16 are forecast to increase to 4 million MT, about 41 percent of total corn imports. Rice consumption continues its downward trend as Korean consumers show an increasing preference for Western foods.
