Key Market Indicators
Korean grain production is projected to decline to approximately 4.53 million metric tons by 2028, down from 4.96 million metric tons in 2023. This represents an average annual decrease of 1.4%. Historical data shows that since 1966, Korean grain supply has been decreasing at an average rate of 1.8% per year. In the global ranking for 2023, South Korea held the 56th position. Kenya surpassed it with a production of around 4.96 million metric tons. In the global context, the United States, India, and Brazil occupied the second, third, and fourth positions respectively in grain production rankings.
