South Korea estimates 2023/24 rice harvest at 3,684 million tonnes processed

Published Nov 8, 2023

Tridge summary

South Korea's rice production is expected to decrease in the 2023/2024 commercial year, with a decrease in the area sown with rice compared to the previous season. The government's efforts to diversify agricultural production towards soybeans and wheat are expected to contribute to this decline. As a result, rice imports are projected to increase significantly in the upcoming year.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The area sown with rice in South Korea was estimated at 708 thousand hectares in the 2023/2024 commercial year (starting in November 2023), compared to 727 thousand in the previous season. The information is contained in the Gain Report, from the United States Department of Agriculture (USDA). The Asian country is expected to harvest 4.930 million tons of cereal in husk from November 2023 to October 2024, generating 3.684 million processed tons, compared to 4.998 million (husk) and 3.764 million (processed) in the 2022/23 season. According to the attaché, the rice harvest is expected to continue to gradually decline due to the Korean ...

Source: Portal Do Agronegocio