Market Information > Food News Clipping
Food News Clipping
March 07, 2011
2011.03.07
Grocery Retailers Focus on Private Brand Products [Korean, OSY]
http://www.yonhapnews.co.kr/economy/2011/03/05/0318000000AKR20110305047800003.HTML
Summary: Reflecting inflation pressure, local grocery retailers are strengthening private brand products. GS Supermarkets reported that the share of private brand products in the total sales exceeded 20 percent for the first time in February 2011. Lotte Mart reported that the share of private brand products in the total sales marked 24.1 percent in February 2011, up 1.7 percent point compared to the same period last year.
Coffee Imports Last Year Hit a Record High [Korean, OSY]
http://www.yonhapnews.co.kr/economy/2011/03/07/0301000000AKR20110307079300002.HTML?template=2088
Summary: According to the customs office, imports of coffee amounted to a record high 117,000 tons ($420 million) last year. While imports from South Asian countries, including Vietnam, declined by 0.8 percent, imports from South American countries, including Columbia, surged by 47 percent, which reflecting stronger demand for premium quality coffee among the local consumers. Imports of espresso machine has also shown a sharp increase. Total value of espresso machine imports was $32 million in 2010, four times larger than 2005.
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”.
Agricultural Trade Office, U.S. Embassy - Seoul
Tel: 82-2-6951-6848 Fax: 82-2-720-7921
Email: atoseoul@state.gov
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