"South Korea Agribusiness Report Q4 2015" Published

From: Fast Market Research, Inc.
Published: Fri Sep 18 2015

Due to the strong unions behind the industry , the government will need to work closely with private companies to lead the way in enforcing changes in the agriculture sector . T he numerous free trade agreements signed in 2015 , with the Trans Pacific Partnership being the most significant, signal to us that the agriculture industry is truly going through a much-needed transformation that will lead to increasing competitiveness with global agri - players. Other efforts , such as promoting high-value add food and beverages , also support our view.

Government-led efforts will benefit the industry over the longer term and help it to remain relevant. These include: the expansion of education and financial support for farmers to allow them entry into the food processing business; plans to modernise traditional methods of food production; the creation of new agricultural food districts for exporters; and the introduction of state designation of food exporting companies.

Full Report Details at
- http://www.fastmr.com/prod/1044801_south_korea_agribusiness.aspx?afid=301

Key Forecasts

Rice consumption decline to 201 9: 7.4% to 4.1mn tonnes. As South Koreans substitute their carbohydrate intake with bread instead of rice, consumption of the grain is expected to fall in tandem with the changing diet.
Cheese consumption growth to 2019: 1.4% to 81,000 tonnes. As Western food has become more popular in Korea, demand for cheese has expanded rapidly. The majority of cheese is consumed in restaurants and fast food outlets and comes in the form of processed cheese. Exporters with the lowest price, such as the US, have gained a market share in supplying the South Korean cheese industry.
Beef production growth to 2018/19: 18.8% to 401,000 tonnes. Even with the anticipated increase in local beef output, the country will remain reliant on imports to meet demand. Indeed, base effects are the key reason for the significant growth rate.

The South Korea Agribusiness Report features BMI Research's market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.

BMI's South Korea Agribusiness Report includes independent commodity price forecasting and analysis for key agricultural outputs, an overview of the agribusiness competitive landscape and a discussion of the downstream context of agricultural production in relation to country food consumption forecasts and composite food and beverage trade forecasts.

Key Benefits

* Use BMI's independent industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.
* Apply BMI's medium-term commodity price analysis to assist with budgetary planning and the identification of investment opportunities and potential risks.
* Assess the activities and market position of your competitors, partners and clients.


BMI Industry View

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- South Africa Agribusiness Report Q4 2015
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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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