SEOUL, Sept. 10 (Korea Bizwire) — South Koreans’ consumption of flowers and ornamental plants rose 6.1 percent on-year last year on rising demand amid the prolonged COVID-19 pandemic and restrictions in outdoor activities, data showed Saturday. An average South Korean spent 12,386 won (US$8.90) on buying flowers and other plants in 2021, compared with 11,676 [...]
SEOUL, Sept. 5 (Korea Bizwire) — POSCO International Corp., a South Korean commodities trader, said Monday its shipment of Ukrainian corn departed from a port in the war-torn country and will arrive home later this month. A vessel carrying 61,000 tons of corn left Pivdennyi Port in Ukraine on Aug. 16 and is on its [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s rice paddy area inched down 0.7 percent in 2022 from last year as farmers opted to grow other crops due to falling prices of the staple grain, data showed Tuesday. The country’s rice cultivation area came to 727,158 hectares — slightly more than half the size of [...]
SEOUL, Aug. 18 (Korea Bizwire) — The Ministry of Agriculture, Food and Rural Affairs said Wednesday that it will improve the compensation payment standards for livestock culling after collecting opinions from livestock farms. Livestock culling compensation is paid to farms that cull their livestock due to domestic animal infectious diseases such as African swine fever [...]
SEOUL, July 25 (Korea Bizwire) — South Korea’s exports of fisheries products touched a fresh high in the first half of this year thanks to brisk overseas demand, data showed Monday. Outbound shipments of fisheries goods reached US$1.71 billion during the January-June period, according to the data by the Korea Agro-Fisheries & Food Trade Corp. [...]
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, [...]