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Country Briefs

  Republic of Korea

Reference Date: 24-October-2018

FOOD SECURITY SNAPSHOT

  1. Paddy production in 2018 forecast at below-average level

  2. Cereal import requirements in 2018/19 forecast slightly above five-year average

Paddy production in 2018 forecast at below-average level

Harvesting of the 2018 paddy crop is expected to be finalized by end-October and is forecast at 5.2 million tonnes, a slight decrease from last year’s below-average level. The area planted to paddy has been steadily decreasing since 2002, reflecting the Government’s efforts to discourage paddy cultivation, in response to a gradual decline in rice consumption.

Cereal import requirements in 2018/19 forecast slightly above five-year average

Total cereal import requirements in the 2018/19 marketing year (October/September) are forecast at 15.2 million tonnes, slightly above the previous five-year average. Overall, cereal imports have been steadily increasing at a moderate pace since 2009.

Import requirements for maize, which account for the largest share of the total imports, are forecast at 10.2 million tonnes, 4 percent above the five-year average, reflecting strong demand from the feed industry. Wheat imports are anticipated to remain close to the average levels of 4.5 million tonnes due to sustained demand for wheat for consumption and feed use.

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