GAIN Reports from January 29, 2025

The following GAIN report was released on January 29, 2025. _______     South Korea: Grain and Feed Update The Korean government revised its marketing year (MY) 2024/25 rice production estimate down to reflect a 2-percent yield reduction from extreme heat, untimely rains, and pest damage. Amid political pressure from farm groups to counteract declining farmgate rice prices, the government announced its long-term rice reformation plan measures in December 2024 to address the nation's chronic oversupply of rice. The plan includes policies to reduce rice acreage by substituting to other crops, as well as facilitating consumption and exports, including a 50 percent increase in food aid donations. The Korea Agro-Fisheries and Trade Corporation (aT) filled all WTO rice import quotas by the end of 2024. As of January 2025, aT had resumed table rice auctions of rice imported from Vietnam and Thailand, but not from the United States.   For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by USDA Foreign Agricultural Service. This email was sent to stevenmagallanes520.nims@blogger.com using GovDelivery Communications Cloud on behalf of: USDA Foreign Agricultural Service · 1400 Independence Avenue, SW · Washington, DC 20250