Gain Report: Korean Potato market in 2008

This report contains market data on potato and potato products.

Domestic potato production in Korea expected to rebound in 2008 reaching 608,000 metric tons.

Imports of U.S. fresh potato are forecast to end the year at a record 15,000 tons, equivalent to 80 percent of the import quota. Meanwhile, imports of frozen potatoes this year are forecast slightly up at 40,000 metric tons, of which 30,000 tons will be from the United States. 

Lastly, the ratification of the KORUS FTA will provide additional opportunities for U.S. potato products.