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Food News Clipping

June 20, 2012

2012.06.20

FAS/Seoul Monitoring of Media Reporting on Agricultural Issues

Today's Date:  Wednesday, June 20, 2012

For Coverage: June 19 - 20, 2012
 
  

 

1. GRAIN & OILSEED ISSUES

 

Packaged Steamed Rice with Mixed Grain Reports an Explosive Sales Growth [Korean, OSY]

http://media.paran.com/economy/view.kth?dirnews=1893105&year=2012&pg=1&date=20120619&dir=134

Summary: ¡®Hat Ban¡¯ by CJ, the leading brand in the packaged steamed rice segment, reported on June 19 that the sales of its ¡®mixed grain¡¯ product amounted to 1.5 billion won in May, up 330 percent from the same period last year.  Other suppliers of packaged steamed rice reported strong sales growth of mixed grain products.  Industry analysts agree that the strong sales growth of mixed grain steamed rice is something to do with increased health concerns among the consumers.

 

2. LIVESTOCK ISSUES

 

The auction price of pork dropped to 4,700 won [Korean, SLK]

http://www.nongmin.com/article/ar_detail.htm?ar_id=203929&subMenu=articletotal

Summary: Although it is June, the month when the price of pork reaches its peak, increased importation and shipment have been able to keep the price of pork at low providing adequate amount of supply to meet excessive demand. Last week 25,986 pigs have been sold at an auction which has decreased by 1% compared to that of last year. The price is predicted to stay low for awhile with a little fluctuation.   

 

3. MARKETING ISSUES

 

Sales of Cup Instant Noodles Soar in Convenience Stores ¡¦ Up 19% [Korean, OSY]

http://news.donga.com/3/all/20120619/47144418/1

Summary: According to AC Neilson, sales of instant noodles packaged in ¡®cup¡¯ container increased 19 percent during the first four months this year compared to the same period last year.  

 

4. MIFAFF PRESS RELEASES

 

The price of Hanwoo will be on its downturn due to increased breeding

 

Agricultural export industries are expected to lighten the burden of distribution cost

 

MIFAFF announced to enforce sanitary training (CPX)

 

West sea Fisheries supervision office made a model of GaGu port to refer to restoration of damage caused from hurricane

 

  West sea Fisheries supervision office enforces strict regulation on illegal fishery in the west coast 

 

   

 

The information in this report was compiled by the Agricultural Trade Office (ATO) at the U.S. Embassy in Seoul, South Korea. The press summaries contained herein do NOT reflect USDA, the U.S. Embassy, or other U.S. government agency official policy or view point. U.S. food exporters can learn more about market opportunities in South Korea by reviewing ATO Seoul¡¯s Exporter Guide and other reports available at www.fas.usda.gov by clicking on ¡°attaché reports¡±.

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Agricultural Trade Office, U.S. Embassy - Seoul
Tel: 82-2-6951-6848 Fax: 82-2-720-7921
Email: atoseoul@state.gov