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Wednesday, November 29, 2017

US Farm Exports To South Korea Show Big Increase

South Korean imports of U.S. meat, grains, fruits, vegetables and other farm products have risen by 25 percent this year from January through September, according to a report from the U.S. ag attache office in Seoul, South Korea."Despite escalated competition from export-oriented competitors, consumer-oriented American products continued to lead the expansion of export market in Korea, which reflected Korean consumers' increased demand for better value, quality and diversity," the report said. Of note, the analysis said U.S. farm product exports to South Korea will continue to increase next year, adding the current Korea-U.S. (KORUS) trade accord is partially responsible along with an improving South Korean economy