Tridge summary
[Korea Farmers Newspaper] In the final stages of the Korea-U.S. tariff negotiations, U.S. soybeans have emerged as a new negotiation card. As the U.S.-China trade conflict has prolonged, with China halting imports of U.S. soybeans, the U.S. has targeted Korea as a new export destination for that volume. The domestic agricultural sector immediately opposed this. Soybeans are a strategic crop that the government has been encouraging to replace rice cultivation. If the import of U.S. soybeans is expanded in this situation, the self-sufficiency policy for domestic soybeans that has been pursued over the past few years could collapse in an instant. Already, Korea imports more than 1.1 million tons of soybeans annually, with half of that being U.S. soybeans. The domestic soybean cultivation area is subject to the government's
Original content
[Korean Farmers' News] In the final stages of the Korea-US tariff negotiations, US soybeans have emerged as a new negotiation card. As the US-China trade conflict has prolonged, with China halting imports of US soybeans, the US has targeted Korea as a new export destination for that volume. The domestic agricultural sector immediately opposed this. Soybeans are a strategic crop that the government has been encouraging to replace rice cultivation. If the import of US soybeans is expanded in this situation, the self-sufficiency policy for domestic soybeans that has been pursued over the past few years could collapse in an instant. Korea already imports over 1.1 million tons of soybeans annually, with half of that being US soybeans. Domestic soybean cultivation area has exceeded 80,000 hectares this year due to the government's rice and other crops policy. However, the consumption share of domestic soybeans has actually decreased, with inventory reaching 60,000 tons. In a situation ...
Source: Agrinet
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