Korean Food and Agricultural Market Conditions Under COVID-19 Outbreaks

Korean Food and Agricultural Market Conditions Under COVID-19 Outbreaks

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Basic Information
  • Author:USDA Foreign Agricultural Service
  • Pages:8
    Format:Electronic Edition (Adobe PDF)
    Language:EN
  • Publish Date:Nov 27, 2020
    Last Updated On:Mar 23, 2020
     
Background

The Korean food market has been seriously hit by the on-going COVID-19 outbreak. The report provided by Foreign Agricultural Service of USDA listed the main impacts. 

Report Highlights:

  • Consumers have reduced outdoor activities dramatically, including shopping and dining trips, since the first local infection reported on January 20, 2020. 

  • Food supplies are ample and prices have been stable. Online food sales have skyrocketed. 

  • Korean agricultural production is threatened by a shortage of migrant labor due to virus-related travel restrictions. Other inputs remain in sufficient supply. Market conditions have impacted some product exports and smaller producers that supply school cafeterias, which have been closed for a prolonged period.

Contents

The report specifies Food Market Trends after the outbreak in S. Korea. It includes:

  1. Consumer Traffic

  2. Retail Trends

  3. Consumption Trends

  4. Restaurants and Food Service

  5. Imports

  6. Exports

  7. Logistics

  8. Local Production and Supply