South Korea: Poultry and Products Annual
After a difficult year in 2017 caused by a long-lasting Highly Pathogenic Avian Influenza (HPAI) outbreak in Korea, Post projects that production will rebound in marketing year (MY) 2018 to 905,000 metric tons (MT) from 850,000 MT in MY 2017. Post also anticipates that consumption will increase in MY 2018 to 1.01 million MT, as consumer confidence rebounds following the cleanup of HPAI, and demand is increased due to a series of international sporting events. Finally, imports are forecasted to increase to 135,000 MT to meet the increased demand from these sporting events. Both U.S. and Brazilian imports are expected to increase, as the United States recovers from the effect of its own 2017 HPAI outbreak and Brazil recovers from the impact of an April, 2017, tainted poultry meat scandal.
