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As countries roll back COVID-19 restrictions, foreign market demand for beef is becoming a bright spot for U.S. producers.
On June 22, 2021, Korea announced an additional 36,000 MT temporary tariff rate quota (TRQ) for eggs and egg products in effect until December 31, 2021.
The FAS Seoul June 2021 Grain and Feed update covers changes to the Korean rice situation since the March 2021 Grain and Feed Annual report.
The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products.
While Korean seafood imports declined in 2020, the United States remains the country's fifth-largest seafood supplier with a 4.1 percent market share.
A look at how U.S. agricultural exports performed in 2020.
COVID-19 has shaped food trends in South Korea with online food sales growing by 46 percent in 2020 to $17 billion.
FAS/Seoul projects Korea’s corn imports and consumption to increase in 2021/22, recovering from a projected 3 percent decline in imports during the current marketing year.
The 2020 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world. This summary lists only the United States’ primary trading partners.
South Korean wine imports reached a record $330 million in 2020, up 27 percent from 2019. Imports from the United States totaled $56 million, up 65 percent.
South Korean wine imports reached a record $330 million in 2020, up 27 percent from 2019.
Korea has a strong food processing industry that manufactures a wide variety of food and beverage products.