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On December 10, 2021, Korea released its 2022 Market Access Quota (MAQ) updates, which cover a variety of agricultural commodities ranging from mung bean, red bean, soybeans to various feed ingredients. These MAQs are used to minimize local price fluctuations resulting from domestic supply shortages.

This report provides updates to the Korea Rice Production 2021 report issued by FAS/Seoul on November 22, 2021, based on new data released by the Korean Ministry of Agriculture, Food, and Rural Affairs (MAFRA) in December 2021.

Korea has issued its annual list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural products for calendar year 2022. Korea’s 2022 tariff adjustments were relatively unchanged from the previous year; however, expanded TRQ’s in a handful of agricultural commodities will increase opportunities for U.S. agricultural exports, particularly in feed grains and food ingredients.

This report includes technical information and certificate requirements for food and agricultural product exports to the Republic of South Korea. Notable updates include dairy export certification for Korea and the NAQS electronic import certification for processed organic products.

This report outlines specific requirements for food and agricultural product imports into the Republic of South Korea. Updates to the 2021 FAIRS Report are included in sections I, II, III, IV, V, VII, VIII, IX and Appendix II.

In MY 2021/22, Korea's total citrus production is expected to drop by about 7 percent, with consumption falling by 5 percent.

In the current marketing year running from July 2021 to June 2022, Korea’s fresh apple production and consumption are projected to rise by 13 percent after several years of gradual decline.

On November 15, 2021, Statistics Korea (KOSTAT) released a revised 2021 rice production estimate of 3.882 million metric tons (MMT), up an additional 1.6 percentage points from the initial rice production estimate in early September and up 10.7 percent from the previous year.

Korea is in the process of revising its existing Living Modified Organism (LMO) Act to cover products of innovative biotechnologies, including genome edited products.

Biosafety regulatory efforts in the Caribbean remain stalled, and it is yet to be seen whether countries can regain the will and secure the international financing required to fully implement their National Biosafety Frameworks in a harmonized manner.

FY2021 agricultural exports reach record levels.

This report is an October 2021 update to the FAS Seoul Grain and Feed Annual released on March 31 and the Grain and Feed Update from June 27.