Japan: Grain and Feed Update
Link to report:
FAS/Tokyo estimates lower MY2023/24 rice production in Japan as extremely high temperatures and little rain are expected to lower yield and quality. Post forecasts softening corn prices will boost feed demand and imports in MY2023/24. FAS/Tokyo lowers MY2023/24 wheat imports based on higher production estimates and lower feed demand projection. FAS/Tokyo projects lower MY2023/24 barley imports on anticipated weaker feed demand.