Japan: Grain and Feed Annual
Link to report:
FAS/Tokyo forecasts an increase in corn imports and consumption in MY2023/24 and MY2024/25 due to softening global prices and the rebound of the layer population following the recovery of Highly Pathogenic Avian Influenza outbreaks. Post projects lower MY2023/24 wheat and barley imports based on an anticipated shift in feed demand to corn, while MY2024/25 wheat and barley imports are projected to remain stable. FAS/Tokyo projects a decrease in rice consumption in MY2023/24 and MY2024/25 based on demographic trends and lower demand for feed. Post lowered Japan’s MY2023/24 rice production as extreme heat and drought lowered yields and quality, resulting in increased prices.
