S. Korea’s farm goods ex­ports slow

China Daily (Hong Kong) - - BUSINESS -

South Korea’s farm goods ex­ports slowed due to weaker de­mand from China, a gov­ern­ment re­port showed on Wed­nes­day. Ex­ports of farm goods and food to China reached $435.7 mil­lion in the Jan­uary-June pe­riod, down 11.4 per­cent from the same pe­riod of last year, ac­cord­ing to the Min­istry of Agri­cul­ture, Food and Ru­ral Af­fairs. The agri­cul­tural prod­uct ex­ports to China kept a monthly down­ward trend, after grow­ing 7.4 per­cent in March. The fall­ing ex­ports to China pulled down South Korea’s over­all farm goods ex­ports. The growth rate of South Korea’s ex­ports of food and agri­cul­tural prod­ucts fell from 11.3 per­cent in March to 6.5 per­cent in June. The min­istry said the South Korean gov­ern­ment needed to con­tinue in­vest­ment in China, which is the world’s largest food mar­ket.

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