Indonesia: Grain and Feed Annual
Feed-grade wheat import restrictions are driving down wheat imports, with MY 2016/17 estimated lower at nine MMT and 2017/18 at 9.45 MMT. Farmers are planting more corn following an import ban and strong prices. Assuming normal weather, Post forecasts MY 2017/18 corn harvested area to continue to increase to 3.45 million hectares. MY 2016/17 and MY 2017/18 Indonesian corn imports are estimated to decline to 500,000 MT due to import restrictions. Post increases MY 2016/17 rice production estimate to 37.15 MMT (milled rice equivalent) due to increased area harvested. The GOI is not expected to authorize BULOG to import rice through the remainder of MY 2016/17. Post therefore expects MY2016/17 Indonesian rice imports to decline to 500,000 MT.
