Taiwan: Grain and Feed Annual

MY2022/23 wheat production is forecast flat at 6,000 MT, unchanged from the previous two MYs. Australia recovered its market share thanks to drought recovery but the United States remains the chief supplier with 66 percent market share. To stabilize commodity prices, Taiwan removed the import tariffs and/or business taxes on wheat over a period of four months until June 30, 2022. MY2022/23 corn imports are forecast to increase 50,000 MT to 4.4 MMT. In 2021, the United States regained the largest market share for corn, though competition with South American producers remains strong. Shipping logistics issues continue to act as a drag on the volume of U.S. corn exports to Taiwan, which rely heavily on container shipments. MY2022/23 rice production is forecast to decline 50,000 MT to 1.15 MMT due to renewed efforts from COA to manage rice production. MY2021/22 rice production is estimated to recover 100,000 MT to 1.2 MMT, due to a combination of increased area but decreased yield after the 2020-21 drought.