South Korea: Grain and Feed Update
Link to report:
This report provides updates to the Korean 2020 Rice Production report released by FAS/Seoul on November 18, 2020, based on new data released by the Ministry of Agriculture, Food, and Rural Affairs (MAFRA) in December 2020. FAS/Seoul’s 2020 rice production estimate remains unchanged at 3.5 million metric tons (MMT), with a projected 1.7 percent increase in demand over the previous estimate. Korean rice prices increased in late 2020 and early 2021 due to lower overall production in 2020, increasing pressure on the government to release rice stocks and increase imports.
