SEOUL, July 21 (Korea Bizwire) — The number of beef cattle raised in South Korea reached an all-time high in the second quarter of this year on the back of rising demand, data showed Thursday. The number of beef cattle came to 3.67 million in the April-June period, up 3 percent from a year earlier, [...]
SEJONG, July 5 (Korea Bizwire) — South Korea’s exports of farm and fisheries products grew 14.6 percent in the first half of this year on solid demand for Korean food, data showed Tuesday. Outbound shipments of agricultural and fisheries goods came to US$6.21 billion in the January-June period, up from $5.42 billion from a year [...]
SEOUL, June 7 (Korea Bizwire) — More than 8 in 10 smaller food firms in South Korea have taken a hit from sky-high international grain prices caused by extreme weather events and Russia’s invasion of Ukraine, a poll showed Tuesday. The survey of 213 small and medium-sized food firms showed 82.6 percent of the respondents [...]
SEOUL, April 20 (Korea Bizwire) — South Korea’s wheat import prices soared to an over 13-year high in March on the impact of Russia’s invasion of Ukraine and a global supply chain bottleneck, data showed Wednesday, exerting upward pressure on food prices here. The country’s import prices of wheat amounted to US$402 per ton last [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea unveiled its new blueprint for the agricultural industry, which centers on expanding its self-sufficiency of major grains while cutting emissions of carbon from local farms. “The disruption to global shipping amid the COVID-19 pandemic has shed light on the importance of food security,” the Ministry of Agriculture, [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s insects industry grew 2 percent in 2020 from a year earlier, data showed Sunday, amid growing popularity of insects-based foodstuffs. The combined sales of local insect-related companies reached 41.4 billion won (US$37.1 million) in 2020, up from 40.5 billion won a year earlier, according to the data [...]
SEOUL, May 11 (Korea Bizwire) — South Korea’s oceans ministry on Tuesday rolled out tougher regulations on sales of whales in line with its efforts to curb illegal whaling activities in local waters. Under the new rule, all whales captured illegally will be destroyed, according to the Ministry of Oceans and Fisheries. Previously, hunted whales [...]
SEOUL, April 8 (Korea Bizwire) — South Korea’s agricultural ministry said Thursday it plans to expand the size of the insects market to 140 billion won (US$124 million) by 2025 and foster the segment as a new growth engine for the country’s food industry. The targeted market value marks 55 percent growth from 2019, according [...]
SEOUL, April 4 (Korea Bizwire) — South Korea’s exports of agriculture products reached an all-time high in the first quarter of the year on the back of strong demand for kimchi and processed foods, data showed Sunday. The record amount of US$1.98 billion represents a 13.7 percent rise from the previous year, according to data [...]
SEOUL, March 14 (Korea Bizwire) — Prices of eggs in South Korea may jump by up to 68 percent in the March-May period this year, as the spreading avian influenza is expected to further exacerbate the supply shortage, a state-funded think tank said Sunday. In the three-month period, the supply price of a large-size 10-egg [...]