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Country Briefs

  Republic of Korea

Reference Date: 15-January-2018

FOOD SECURITY SNAPSHOT

  1. Paddy production in 2017 estimated at below-average level

  2. Cereal imports in 2017/18 forecast to remain close to last year’s high level

Paddy production in 2017 estimated at below-average level

The 2017 paddy crop, which was harvested by October last year, is officially estimated at 5.3 million tonnes, 6 percent below the average level. The decrease is attributed to a decline in yields due to unfavourable weather conditions and a contraction in plantings. The year-on-year decrease in plantings reflects the continuing Government’s efforts to encourage a shift away from paddy cultivation to other crops, including wheat, following a gradual decline in rice consumption.

Small quantities of barley, maize and other cereals were also produced in 2017.

Cereal imports in 2017/18 forecast close to last year’s high level

Total cereal imports in the 2017/18 marketing year (October/September) are forecast at 15.5 million tonnes, close to last year’s high level. Wheat and maize imports are expected to account for 4.5 and 10.5 million tonnes, respectively. Imports of rice are projected at 480 000 tonnes in calendar year 2018, in part reflecting the quantities committed to purchase under the Tariff Rate Quota (TRQ) purchasing plan under the World Trade Organization agreement.

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