GIEWS Country Briefs

Republic of Korea PDF version    Email this article Print this article Subscribe FAO GIEWS RSS  Share this article  

Reference Date: 16-October-2014

FOOD SECURITY SNAPSHOT

  1. 2014 rice production forecast at similar level to last year’s near-average output

  2. Cereal imports in 2014/15 marketing year (October/September) expected to remain firm

Rice production in 2014 is forecast at a similar level to last year’s near-average output

Harvesting of the 2014 rice crop is almost complete. FAO forecasts the 2014 rice production (in paddy terms) at 5.5 million tonnes, 2 percent below last year’s good outcome. Assuming average yields, the anticipated decrease is attributed to a 2 percent contraction in plantings. The area planted to paddy has been declining since 2002, particularly in recent years, as farmers shift to more profitable crops and more land is converted to other uses. According to official data, the area planted to rice decreased by 23 percent in 2014 compared to the 1.1 million hectares planted in 2002. In addition to rice, small quantities of barley, maize and other cereals are produced.

Cereal imports in the 2014/15 marketing year (October/September) are forecast to remain firm

Total cereal imports in the 2014/15 marketing year (October/September) are forecast at 14.6 million tonnes, similar to last year’s high level. Given the low domestic outputs of wheat and maize (for feed), large volumes are normally imported. In 2014/15, imports of wheat and maize are forecast at 4.5 million tonnes and about 9.5 million tonnes, respectively. Limited rice imports of about 450 000 tonnes are forecast in 2014.

The country enjoys relatively low inflation and high economic growth. The year-on-year inflation rate in September stood at 1.9 percent.







Relevant links:
From GIEWS:
 Earth Observation Indicators
 Maps
 Seasonal Indicators
 Vegetation Indicators
 Precipitation Indicators
 Graphs & Data
 NDVI & Precipitation
From FAO:
 FAO Country Profiles

Email this article Print     Subscribe FAO GIEWS RSS Subscribe GIEWS RSS Share this article  Share it

GIEWS   global information and early warning system on food and agriculture