Japan: Grain and Feed Annual
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Stable demand for feed and relative price competitiveness are forecast to maintain Japan’s robust demand for corn in MY2020/21. Sorghum imports are expected to remain flat as feed mills continue to substitute sorghum with competitively priced corn in compound feed. To date, concerns over the spread of COVID-19 have not affected feed demand or production in Japan. A bumper crop for domestic wheat and barley lowered estimates for MY2019/20 imports. Population decline and changing dietary preferences are beginning to have an influence on FSI wheat consumption. Japan is likely to only fill 76,543 tons of its 100,000-ton simultaneous buy and sell rice import quota.
