South Korea: Grain and Feed Annual

  |   Attaché Report (GAIN)

Market Year (MY) 2020/21 Korean compound feed production is forecast to reach a record volume of around 21.2 MMT in MY 2020/21, based on strong growth in swine and poultry inventories. MY 2020/21 total corn imports are forecast to increase to 11.5 MMT, up 100,000 MT from the estimate for the current marketing year, consisting of 9.1 MMT of corn for compound feed, and 2.4 MMT of processing corn for food processing. Based on the average U.S. market share in corn in Korea over the previous five years, MY 2020/21 imports of U.S. corn are forecast to stay around 5 MMT. MY 2020/21 rice production is forecast at 3.75 million metric tons (MMT), essentially unchanged from 3.74 MMT in the previous marketing year. MY 2020/21 rice imports are forecast at 410,000 MT (milled basis). Korea is expected to purchase 408,700 tons (milled basis) of rice under the 2020 TRQ, which has been allocated to five countries as part of the rice tariffication agreement concluded at the end of 2019.

South Korea: Grain and Feed Annual

Related Reports

Attaché Report (GAIN)

Spain: Spain Seafood Report 2024

Spain is one of the world’s largest markets for fish and seafood. In 2023, Spain was the fourth largest importer of fish and seafood in the world after the United States, China, and Japan.
Attaché Report (GAIN)

Uruguay: Grain and Feed Annual

Uruguayan wheat production in marketing year (MY) 2024/2025 is forecast at 1.3 million tons, 260,000 tons lower than the previous crop season which saw record high yields. Wheat exports are projected down at 800,000 tons, 29 percent lower than the previous year.
Attaché Report (GAIN)

Malaysia: Food Processing Ingredients Annual

The Malaysian food and beverage manufacturing industry is a significant sector in Malaysia’s economic expansion for both the domestic and export market. This sector includes several multinational corporation facilities as well as a range of local company operations.