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South Korea: Determinants of Wheat Import Demand

Author

Listed:
  • Raney, Terri
  • Morgan, Nancy

Abstract

The Korean wheat import market includes a stable, quality-conscious milling segment of about 2 million tons and a volatile, price-sensitive feed wheat segment. The U.S. share of the milling wheat market was virtually 100 percent until 1983, but has dropped to 80 percent following the termination of a government-mandated import monopoly. The primary reason for the decline is that Australian wheats provide specific and more consistent intrinsic characteristics, such as protein quantity and gluten strength, required for the various noodles, breads, and snacks consumed in Korea. Dockage is not an important determinant of Korean wheat import demand.

Suggested Citation

  • Raney, Terri & Morgan, Nancy, 1993. "South Korea: Determinants of Wheat Import Demand," Staff Reports 278727, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278727
    DOI: 10.22004/ag.econ.278727
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    File URL: https://ageconsearch.umn.edu/record/278727/files/ers-report-610.pdf
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    Cited by:

    1. Lavoie, Nathalie, 2003. "The Impact Of Reforming Wheat Importing State-Trading Enterprises On The Quality Of Wheat Imported," 2003 Annual meeting, July 27-30, Montreal, Canada 21901, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Lavoie, Nathalie, 2003. "The Impact Of Reforming Wheat Importing State-Trading Enterprises On The Quality Of Wheat Imported," Working Paper Series 14512, University of Massachusetts, Amherst, Department of Resource Economics.

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