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FAS Seoul forecasts that Korean soybean production for MY 2020/21 will increase by 3 percent.
On December 24, 2018, Korea issued an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products....
Korea relies heavily on imports to fulfill its food and agricultural needs. Korea maintains a strong food processing industry that manufactures a wide variety of food and beverage products.
Korea relies heavily on imports to fulfill its food and agricultural needs. Korea maintains a strong food processing industry that manufactures a wide variety of food and beverage products.
Total production of grain and other crops on a grain equivalent basis is estimated at 5.75 million metric tons (5 MMT, milled basis for rice and grain equivalent for soybeans) in marketing year....
Due to a government program incentivizing a decrease in rice production, FAS Seoul projects that soybean production for Marketing Year (MY) 2018/19 will increase by approximately 20 percent....
Due to a government program incentivizing a decrease in rice production, FAS Seoul projects that soybean production for Marketing Year (MY) 2018/19....
Several categories of U.S. food and agricultural exports to South Korea saw significant growth in fiscal year 2017 (Oct/Sept).
Beginning February 4, 2017, Korea’s Ministry of Food and Drug Safety began enforcing biotech labeling requirements that were finalized on February 3, 2016.