South Korea: Grain and Feed Annual

  |   Attaché Report (GAIN)   |   KS2023-0005

Contact:

Office of Agricultural Affairs, Seoul   |   (011-82-2) 397-4297

Link to report:

South Korea: Grain and Feed Annual

FAS/Seoul forecasts marketing year (MY) 2023/24 corn imports to remain flat, with U.S. market share gradually recovering towards the end of the year. Wheat imports are expected to decline towards the long term average as feed wheat loses a temporary price advantage over corn. Domestic wheat production will increase substantially in MY 2023/24 (albeit from a very low starting point), supported by government incentives to increase wheat self-sufficiency. In contrast, rice production in MY 2023/24 will fall due to acreage reduction incentives and low domestic prices.

East Asia and the Pacific, South Korea
Grains, Feeds and Fodders, Corn, Rice, Wheat

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Ukraine: Biotechnology and Other New Production Technologies Annual

The biotechnology regulatory system in Ukraine is still not fully developed, but the country is gradually adjusting its domestic policies to align with European Union regulations.
Attaché Report (GAIN)

Tunisia: Agricultural Biotechnology Annual

Tunisia is continuing to postpone non-urgent matters in front of major political and economic reforms. As a result, Tunisia’s biosafety framework, which was drafted in 2014, remains on hold with no timeframe for a review and parliamentary vote.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.