South Korea: Grain and Feed Update

The FAS/Seoul June 2023 Grain and Feed update covers changes to the Korean rice situation since the March 2023 Grain and Feed Annual report. Marketing year 2022/23 production and consumption will be unchanged, with a small decline in imports. Rice production is expected to continue falling gradually due to reduced consumption of table rice and the Korean government’s efforts to diversify agricultural crop production. From June, the Korea Agro-Fisheries and Food Trade Corporation (aT) has resumed weekly auctions of U.S. table rice following a 9-months pause since September 2022.