Japan: Grain and Feed Update
Link to report:
Feed production is projected to increase slightly, reflecting stable livestock production and a slight increase in poultry production. Corn consumption is forecast at 16 million tons in MY2020/21. Sorghum consumption in MY2020/21 is forecast to continue its downward trend as inexpensive corn and rice take its place in Japan's overall compound feed mix. MY2019/20 barley imports are estimated to increase slightly to meet demand from the cattle industry. Sluggish food service demand and strong domestic production are forecast to lower overall wheat imports to 5.45 million tons in MY2020/21. MY2020/21 rice production is expected to increase slightly but declining table rice consumption is forecast to raise stocks and lower prices. The COVID-19 pandemic has had a limited effect on the overall grain and feed market in Japan.
