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Drought-breaking rains and an excellent growing season in eastern Australia is expected to result in a sharp rebound in grain production, with Australian wheat production in MY 2020/21 forecast...
The Korean wine market continues to expand as consumers look for high quality, lower alcohol beverages.
Post revised its marketing year 2019/2020 (MY19/20) and MY20/21 total corn consumption estimates up to 14.25 million metric tons (MMT) and 15.00MMT, respectively, due to higher feed...
As of 2019, the Korean pet food market is estimated at over one billion USD. Korea’s pet food market is expanding along with its growing pet population.
Beer is the most consumed alcoholic beverage in Korea. Imported beer continues to expand market share.
Coffee consumption in Korea is widespread and growing rapidly. Tea is also becoming more popular due to health-conscious consumers.
Korea is a major importer of a diverse range of dried fruit.
Cherries are one of the most popular imported fruits in Korea, followed by bananas and oranges. This trend is expected to continue in the coming years.
While the overall distilled spirits market has stagnated, changes in consumer tastes are creating new opportunities for imported products.
Korea is the United States’ top export market for oranges and the third largest market for lemons and grapefruit.
In most cases Japan’s Food Labeling Law does not require genetically engineered (GE) food labeling for highly processed food products that contain no foreign genetic material.
Japan’s Ministry of Health, Labour and Welfare announced revisions to Japan’s maximum residue levels for Chlorpyrifos, Diethofencarb, Myclobutanil, Pymetrozine, Deltamethrin and Tralomethrin...