Browse Data and Analysis

On November 14, 2023, Statistics Korea (KOSTAT) released its final estimate of 2023 rice production at 3.7 million metric tons (MMT), up an additional 0.5 percent from the initial rice production estimates released in early October and down 1.6 percent overall from the prior year.

In 2023, the Korean government implemented three rounds of tariff rate quotas (TRQs) for various imported agricultural, livestock, and fishery products, including new TRQs to stabilize food prices.

As the 5th largest country export market for the United States, Korea provides a promising market for U.S. agricultural products. In 2022, Korea imported about $50 billion agricultural and food products from all over the world and the U.S. supplied a fifth of it, ranking number one. Other key suppliers were China, Australia, Brazil, Vietnam, and Thailand.

FAS/Canada forecasts Canada's wood pellet production to decline by six percent in 2023 as a result of closure of pellet mills, reductions in allowable cut, and a high activity wildfire season.

The Ontario provincial government announced that sales of wine, beer, low-alcohol ready-to-drink beverages, and cider will be allowed in all groceries and convenience stores starting from January 1, 2026.

Already reeling from high fruit prices, Korean consumers will face another year of expensive, lower-quality apples. Korea’s apple production for marketing year (MY) 2023/24 fell 25 percent year-on-year after orchards suffered a series of adverse weather events in 2023.

Canada proposes a draft protocol, under its Greenhouse Gas Offset Credit System Regulations, to incentivise feedlot operators implement changes to reduce enteric methane emissions from beef cattle, and to generate carbon offset credits.

Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.

Korea has not finalized the May 2021 revisions of its Living Modified Organism (LMO) Act, which defines Korea’s regulatory policies for products developed through innovative technologies including genome editing.

Health Canada opened pre-consultations on a proposed new regulatory framework for foods for special dietary use and infant foods, which include categories such as infant formula, prepackaged human milk, medical foods, gluten-free foods, formulated...

As Canada’s new Assessment and Revenue Management project (CARM) becomes mandatory in May 2024, the Canada Border Services Agency (CBSA) offers additional webinars for businesses to become familiar with this new electronic customs platform, and...

In September 2023, the government of Canada published a draft guidance document for plant breeders and feed manufacturers that reinforces Canada’s product-based approach and provides guidance on how Canada’s Feeds Act and Feeds Regulations are...