The U.S. Dept. of Agriculture (USDA) is back from its trade mission to South Korea, led by USDA Under Secretary for Trade and Foreign Ag Affairs Alexis Taylor. She shared how American agriculture was on display overseas.
“Our exporters and businesses that we had with us conducted 616 meetings with potential importers and buyers looking to expand the variety of U.S. food and agricultural products that they’re offering to Korean consumers and those participating companies reported 67 million in projected 12-month sales from those meetings.”
Alexis Taylor, USDA Under Secretary for Trade and Foreign Ag Affairs
On a recent media call, Taylor elaborated on the strength and growing diversity of South Korea’s ag export market.
“Exports of U.S. food and agricultural products to [South] Korea were just over $8 billion last year in 2023, really built upon the Korea-U.S. Free Trade Agreement, but also a really strong and strategic bilateral relationship that we have. That’s $8 billion of U.S. food and ag exports. [It] made Korea our fifth largest single-country export market.”
Alexis Taylor, USDA Under Secretary for Trade and Foreign Ag Affairs
The top five U.S. ag exports to South Korea were beef, pork, seafood, wheat, and dried distillers grain.
Related Stories
Bangladesh recently pledged to purchase 700,000 tons of U.S. wheat and has also become a new buyer of American soybeans.
Ethanol exports are expanding on strong demand from Canada and Europe, while DDGS shipments remain broad-based and supportive for feed markets.
Dalton Henry, with U.S. Wheat Associates, joined RFD-TV to provide insight on what the pending trade frameworks may mean for American wheat growers.
A massive rail merger could significantly impact North American agriculture and trade flows.
Hunter Biram, an extension economist with the University of Arkansas, is tracking Mississippi River water levels as grain shippers shift their focus to transportation following the wrap-up of fall harvest.
Lewis Williamson with HTS Commodities shares an update on post-WASDE grain movement, with corn leading export momentum, soybeans steady, and wheat and sorghum continuing to move selectively.
