Taiwan: Grain and Feed Annual

Taiwan’s overall demand for grain and feed is largely unchanged despite the COVID pandemic. The government of Taiwan took early action to control the spread of the disease, and increased retail demand made up for the temporary decline in the restaurant sector. Consumption and import levels for wheat and corn remained stable in MY 2019/20 and are forecast to stay at similar levels in MY 2020/21 and MY 2021/21. Imports of U.S. corn continue to decline in market share, losing ground to South American producers. Low rainfall and lack of typhoons in 2020 will lead to reduced rice production in MY 2020/21. Rice stock levels are expected to draw down in 2021 and recover in 2022. As Taiwan holds high stock levels of rice, therefore total supply will be minimally affected.