South Korea: Grain and Feed Update
Korea continues to meet its mandatory import volume of 408,700 metric tons (MT) from Most Favored Nation (MFN) countries, with purchases of 138,610 MT (milled) from the United States in CY 2017. Of this total, Korea purchased 37,000 MT of milled rice for table use from the United States. Although imports continue, auctions of medium and short grain rice imported under the 2015 TRQ have been suspended since September 18, 2017, due to pressure from domestic farmers. In early 2018, Korea plans to decrease some of its stocks by donating rice as food assistance through the ASEAN Plus Three Emergency Rice Reserve (APTERR) and through the Food Assistance Convention.
