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Market Year (MY) 2020/21 Korean compound feed production is forecast to reach a record volume of around 21.2 MMT in MY 2020/21, based on strong growth in swine and poultry inventories.
South Korean wine imports reached a record $259 million in 2019, up 6.3 percent from 2018. U.S. wine exports to Korea increased 11.6 percent in 2019 to $34 million.
Exports of high-value, processed food products have been a significant contributor to the strongest five-year period for agricultural exports in U.S. history.