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July 10, 2012
2012.07.10
1. GRAIN & OILSEED ISSUES
STX Opens Its First Grain Terminal in the U.S. [Korean, OSY]
http://www.yonhapnews.co.kr/economy/2012/07/10/0318000000AKR20120710060900003.HTML
2. MARKETING ISSUES
Malaysian Table Sugar Imported by aT Sold in Hypermarket Stores at 20% Cheaper Price than Local Products [Korean, OSY]
http://news.donga.com/Economy/Market/3/0108/20120709/47646672/1
Summary: Malaysian table sugar imported by aT under the Ministry of Agriculture has started retail sales in major hypermarket stores on July 9. The price of the Malaysian sugar is about 20 percent cheaper than local products. Korean government has been seeking a way to pressure local table sugar processors, who have maintained over 97 percent market share, to lower the price. Opinions are divided if the government imported table sugar will generate the objective. Some marketers point out that the government imported sugar is offered in 25 kg bag only, and few regular consumers would want to buy such large volume product despite the lower price.
3. OTHER MISCELLANEOUS ISSUES
Rediscovery of Agricultural and Fisheries Product[Korean, SWY]
http://www.hankyung.com/news/app/newsview.php?aid=2012070925961
Summary: Export of Korean agricultural and fisheries products such as black seaweed, mackerel and paprika have increased, further enhanced by the FTA effect. Increase has been greatest in US and Japanese markets.
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