South Korea: Grain and Feed Update

  |   Attaché Report (GAIN)   |   KS2022-0016

The FAS/Seoul June 2022 Grain and Feed update covers changes to the Korean rice situation since the March 2022 Grain and Feed Annual report. MY 2022/23 rice production will likely decline slightly (1.4 percent) from the previous estimate due to government efforts to avoid overproduction, while consumption and imports are projected to remain unchanged from FAS/Seoul’s initial forecast. The 2022 TRQ tenders for U.S. rice through May have thus far failed to generate contracts due to limited supplier interest.

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