HomeEverything
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
← All Stories

South Korea rice production set to fall for fifth straight year

Created at 1 Jul · 2:30 PM1 source↑ Market-relevant
IN SHORT

South Korea's rice production is projected to decline for the fifth consecutive year in the 2026-2027 marketing year, reaching 3.5 million tons. Government policies encouraging farmers to switch crops and declining per capita consumption are key drivers.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

3.5 million tonsprojected rice production in 2026-2027
53.9 kgprojected per capita rice consumption in 2025
55.8 kgper capita rice consumption in 2024
56.4 kgper capita rice consumption in 2023
3.9 million tonnesforecasted total wheat consumption in 2026-2027

Who's Involved

Foreign Agricultural Service (FAS)
U.S. Department of Agriculture unit reporting on South Korea's rice production
Ministry of Agriculture, Food, and Rural Affairs (MAFRA)
South Korean ministry implementing production reduction policies
South Korea rice production set to fall for fifth straight year

↳ Why This Matters

The sustained decline in rice production and consumption in South Korea reflects changing dietary habits and government agricultural policy, potentially impacting food security and the agricultural economy.

Key facts

  • South Korea's rice production is forecast to decline for the fifth consecutive year.
  • Production is expected to reach 3.5 million tons in the 2026-2027 marketing year.
  • Government policies encourage farmers to shift from rice to other crops.
  • Per capita rice consumption is decreasing, with a projected drop to 53.9 kg in 2025.
  • Increased consumption of wheat, particularly for animal feed, is noted.
  • Demand for rice in processed products, such as home meal replacements, is rising.

South Korea's rice production is anticipated to fall for the fifth consecutive year, with output projected to reach 3.5 million tons in the 2026-2027 marketing year. This decline is attributed to government policies aimed at encouraging farmers to cultivate alternative crops and a structural shift in consumer habits. Per capita rice consumption is expected to continue its downward trend, falling to 53.9 kg in 2025 from 56.4 kg in 2023, as South Koreans increasingly favor wheat- and meat-based diets. The demand for home meal replacement products also contributes to reduced direct rice consumption, while simultaneously boosting demand for rice used in processed goods. Total wheat consumption, however, is forecast to rise to approximately 3.9 million tonnes in the same period, driven primarily by increased use of feed wheat. The Ministry of Agriculture, Food, and Rural Affairs' policies to reduce rice production in line with declining demand are expected to limit the availability of excess rice for feed use.

Frequently asked questions

Rice production in South Korea is projected to decline to 3.5 million tons in the 2026-2027 marketing year.

The decline is due to government policies encouraging farmers to switch to other crops and a decrease in per capita rice consumption, with a growing preference for wheat and meat-based products.

Per capita rice consumption is decreasing, while demand for rice in processed products, such as home meal replacements, is increasing.

Total wheat consumption is expected to increase to approximately 3.9 million tonnes in 2026-2027, mainly due to increased use of feed wheat.

What Happens Next

01Monitor future government policies on crop allocation.
02Observe trends in South Korean consumer dietary preferences.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

South Korea's rice production is projected to decline for the fifth consecutive year.
Rice output is expected to fall to 3.5 million tons in the 2026-2027 marketing year.
Government policies incentivize farmers to switch from rice to alternative crops.
Per capita rice consumption continues to decrease due to preferences for wheat and meat-based products.
Home meal replacement products are reducing direct rice consumption but increasing demand for processed rice.
Government programs reallocating rice to the feed sector will be limited due to reduced production.

Sources

T1
South Korea’s rice production continues to declineWorld Grain
T2
South Korea's rice output to decline for fifth straight yearricenewstoday.com
T2
South Korea's rice production declines for fifth consecutive yearukragroconsult.com

Related Stories

Japan manufacturing extends growth, India factory growth slows
1 Jul · 12:47 AM
Indonesia logs first trade deficit in six years as imports soar
1 Jul · 7:55 AM
Vietnam offers cash for babies, but few parents are biting
1 Jul · 6:10 AM
South Korea 'fake news' law sparks free speech concerns
1 Jul · 1:35 AM
Japan hikes visa fees fivefold to combat overtourism
1 Jul · 6:40 AM