Indonesia: Government of Indonesia Opens Corn Imports to 500 Thousand Tons

The El Nino climate pattern is expected to reduce Indonesia's 2022/23 rice and corn production. Post estimates Indonesia's 2022/23 corn production to decline to 12.3 million metric tons (MMT) compared to the previous estimate of 12.9 MMT. Production shortages are expected to result in soaring corn prices. On October 11, 2023, the National Food Agency (NFA) authorized the government-owned National Logistics Agency (BULOG) to import a total of 500,000 metric tons of feed corn to soften the impact of higher commodity prices and ensure adequate supplies for small holder poultry farmers.