Indonesia: Grain and Feed Update
Post expects marketing year (MY) 2014/15 Indonesian wheat imports and consumption to decrease to 7.6 million metric tons (MMT) and 7.3 MMT respectively. The decline is due to Indonesia’s economic slowdown and depressed consumer purchasing power. Post’s MY 2014/15 estimate of Indonesian corn consumption is also reduced to 7.9 MMT from 8 MMT due local industry’s scaling back of day old chicken (DOC) supplies and Indonesia’s unofficial corn import restriction for calendar year (CY) 2015. Despite the Government of Indonesia’s (GOI) claim of MY 2014/15 record rice production growth, Post maintains the current estimate production figure due to the lack of supporting evidence for the GOI’s growth claims.
