Del.icio.us  Digg  facebook  MySpace  Twitter  Google  Bookmark Me  LinkedIn  StumbleUpon  Permalink

South Korea Corn Exports Remain Strong

U.S. corn exports to South Korea remain strong. U.S. corn imports so far in marketing year 2005/2006 have increased more than 41% compared to imports for the entire MY2004/2005.

South Korea purchased a total of 2.96 million metric tons (116 million bushels) of U.S. corn during the period of October 2005 - April 2006; sales in MY 2004/2005 totaled 2.09 million tons (82.6 million bushels). Of this, 2.4 million tons (94. 4 million bushels) of the total was bought by the feed milling industry and the balance by the corn processing industry for food/industrial uses.

The United States enjoyed 60% of South Korea's corn import market during the period.