Market Information > Food News Clipping
Food News Clipping
January 25 - 29, 2021
2021.02.02
FAS/Seoul Monitoring of Media Reporting on Agricultural Issues
Today's Date: Friday, January 29, 2021
For Coverage: January 25 ~ 29, 2021
EMART Introduces Customized Prep Station in
Meat and Fish Sections
https://www.donga.com/news/Economy/article/all/20210128/105163306/1
Summary: EMART,
the leading hypermarket grocery retailer in South Korea, announced that EMART
stores have renovated fresh food sections to offer more customized
services. For example, meat and fish sections will have prep stations
that offer various cutting and preparations at the request of consumers.
EMART explained that this is part of its effort to upgrade its fresh food
offerings.
Korean Government Confirms 79th HPAI Outbreak in Local Poultry Farm
https://www.hankyung.com/economy/article/202101285005Y
Summary: The
Avian Influenza Management Center under the Korean government announced on
January 29 that it confirmed two additional cases of High-pathogenic avian
influenza (HPAI) outbreak in local poultry farms on January 27 and 28. As
a result, the number of local farms where HPAI outbreak were confirmed
increased to 79.
Retail Sector
Sales Increased 5.5% Last Year while the Share of Food Sales Increased by
1.2%.
http://www.foodnews.co.kr/news/articleView.html?idxno=76684
Summary:
Offline sales of major Korean retailers declined last year, but increased
on-line sales caused overall sales to increase. The Ministry of Trade,
Industry and Energy (MOTIE) reported that retailers¡¯ sales increased 5.5% in
2020 from the previous year based on a survey of 13 offline distribution
companies (department stores, discount stores, convenience stores & SSM)
and 13 online retailers. In 2020 offline sales decreased 3.6% from
the previous year due to social distancing and people avoiding crowded
facilities, but online sales increased 18.4%.
Non-GMO Label Allowed if Adventitious
Presence is Not More Than 0.9%
http://www.foodnews.co.kr/news/articleView.html?idxno=76672
Summary: The Korea Ministry of Food and Drug Safety has decided
to allow the labeling of 'Non-GMO' when adventitious presence is 0.9% or
less. MFDS also decided to exempt health functional food and livestock
products from GMO related labeling when preparing relevant trade document such
as 'IP handling'.
Lotte Mart Reports Strong Sales Growth in Imported Sauces and Cooking
Oils for Increased Home Cooking during the COVID-19 Pandemic
https://www.donga.com/news/Culture/article/all/20210127/105132021/1
Summary: Lotte Mart, a leading grocery retailer in South Korea,
reported that its sales of imported sauces and cooking oils increased 71
percent and 10 percent respectively in December 2020 compared to the same month
the previous year. Lotte Mart explained that increased home cooking during the
COVID-19 pandemic led to the strong sales growth.
Imports of Japanese Beer Decline 86% in 2020 due to 'No Japan' Consumer
Sentiment
https://www.hankyung.com/economy/article/2021012804537
Summary: Korean imports of Japanese beer declined 86 percent in 2020
to $5.7 million. Imports of Japanese beer have been on a steep decline after
hitting a record $78 million in 2018 as Korean consumers developed anti-Japan
sentiment over political disputes between the two countries. According to a
consumer survey by M-Brain Trend Monitor in December 2020, 6 out of 10 Korean
consumers said they intend to maintain 'No Japan' shopping practices.
Sales of
Oligosaccharide and Sesame Oil Increased for Lunar New Year Gift Sets
http://www.foodnews.co.kr/news/articleView.html?idxno=76659
Summary: Nielson Korea's recent analysis of gift set sales in
hypermarkets and chain supermarkets during the holiday season last year
revealed that COVID-19 is affecting the sales of holiday gift sets. As Korean
consumers' time spent at home increased, sales of home cooking ingredients such
as oligosaccharide and sesame oil increased by more than 20% during the Chuseok
season compared to the Lunar New Year season in early 2020. When comparing
sales during the Chuseok season in September 2020 with sales during the lunar
new years season in January 2020, sales of oligosaccharide were up
26.8%, sesame oil sales were up 24.2%, coffee mix sales were up 19.3%, and cooking
oil and processed tuna sales were up 14.3%.
Agricultural Products for Memorial Service on Lunar New Year's Day will
Cost $313 This Year, Up 18% from Last Year
https://www.hankyung.com/economy/article/202101276488Y
Summary: The Korea Price Information Corporation (KPI) reported on January 27
that it will cost 344,200 won ($313 USD) for a Korean family to purchase
agricultural products at a large scale grocery store needed for a
memorial service table during the upcoming Lunar New Year's Day (February 11).
The cost this year is 18 percent higher than last year as prices of related
agricultural products have increased significantly due to poor harvests (fresh
fruits and grains) and avian influenza (eggs and chicken meat). KPI said that
the cost would be cheaper ($264) in traditional wet markets.
An Air Shipment of U.S. Eggs Arrives in Korea as Government
Temporarily Removes Import Duties
https://www.donga.com/news/Economy/article/all/20210125/105106373/1
Summary: A shipment of fresh eggs from the United States arrived
in Incheon International Airport via air cargo on January 25. It was the first
shipment of fresh eggs imported into Korea after the Korean government lowered
import duties on egg products to zero percent last week. The tariff change was meant to stabilize
the egg market amidst continued outbreaks of Avian Influenza in local poultry
farms. The importer has contracted to import a total of 60 metric tons of
fresh eggs from the U.S. supplier.
Lotte Sells 10 Million Bottles of Its ICIS Mineral Water without
Label Stickers
https://www.donga.com/news/Economy/article/all/20210125/105106132/1
Summary: Lotte, a leading food processor in South Korea, reported
that it sales of its ICIS mineral water with no label stickers
reached 10 million bottle at the end of 2020 since launching in January 2020.
The Korean government allowed mineral water bottles to be sold without label
stickers in December 2019 to promote environment-friendly packaging practices
in the industry. Lotte was the first processor who launched a product
without label stickers. Other mineral water processors are reportedly planning
to launch bottles without label stickers this year.
Keywords for Korean Food Culture 2021: Escape
Three Meals, New Home Meals, and Cooking by MZ Generation
http://www.foodnews.co.kr/news/articleView.html?idxno=76627
Summary: CJ Cheil Jedang's Trend Insight Team
predicted that 'Escape Three Meals', 'New Home Meals', and 'Cooking by MZ
Generation' will be the top keywords for Korean food culture in 2021. CJ The prediction is based on Cheil Jedang¡¯s analysis of 90,000
meals and 260,000 cooking methods and menus of 4,700 people during the first
half of 2020. Due to the prolonged
COVID-19 pandemic, the concept of ¡®wellness¡¯ is expanding to the pursuit of
pleasure and sharing experiences of cooking and eating. Such changes are also
being reflected in Korean
food culture.
Agricultural Trade Office, U.S. Embassy - Seoul
Tel: 82-2-6951-6848 Fax: 82-2-720-7921
Email: atoseoul@state.gov