Taiwan: Grain and Feed Annual
Link to report:
Taiwan’s demand for grain and feeds is forecasted to slow over the coming year as the economic impacts of the novel coronavirus outbreak bite. Wheat consumption and imports are forecast to fall as social distancing decreases the foot-traffic at the cafes and bakeries that dot every street corner of the island. Taiwan authorities are encouraging livestock production to slow down as consumers avoiding dining out and cancelling big events depress meat consumption and correlated feed demand. Rice production is also forecast to modestly decrease as farmers fallow land and convert fields to other row crops, but at rates too low to impact imports. In spite of these headwinds, Taiwan has been a world leader in the fight against COVID-19 and consumption and trade is expected to recover next year.
