South Korea: Grain and Feed Annual

While per capita grain consumption in Korea remains steady, or declining in the case of rice, increased manufacturing of K-food for exports drives total consumption, offsetting decreases in other sectors. Ramen exports hit a record high in CY 2024, boosting wheat use for food processing and encouraging expansion in ramen production capacity. Although total rice consumption is declining, rising demand for manufacturing rice products, such as frozen kimbap for export, partially offsets the decrease. The Korean government faces backlash over its mandatory rice acreage reduction plan. The U.S. is expected to regain around 30 percent of the imported corn market share in MY 2024/25, though this is still below the 30-40 percent share seen until MY 2020/21.