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
Lewis Williamson with HTS Commodities discusses how tensions in the Middle East are impacting producer’s spring planting decisions.
Mike Steenhoek with the Soy Transportation Coalition discusses supply chain disruptions, rising costs, and the potential impact on agriculture as farmers navigate ongoing global uncertainty.
Strong exports support ethanol margins and corn demand.
Export competition remains heavy despite solid trade.
Strong exports support cattle and hog market fundamentals.
Watch China’s demand signals for export direction.
Shaun Haney joined RFD News to discuss the potential impact of the Trump-Xi summit uncertainty, ongoing agricultural trade talks, and why geopolitical developments could carry important implications for farmers and global commodity markets.
Shaun Haney joined RFD News to discuss the potential impact of the Trump-Xi summit uncertainty, ongoing agricultural trade talks, and why geopolitical developments could carry important implications for farmers and global commodity markets.