Taiwan: Grain and Feed Annual

  |   Attaché Report (GAIN)   |   TW2023-0015

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Taiwan: Grain and Feed Annual

Taiwan’s domestic wheat production, 4,000 MT in MY2022/2023, is dwarfed by imports at 1.4 MMT for the current MY. Australia is expected to further recover wheat market share from the United States due to competitive pricing and production recovery. Since February 2022, Taiwan removed the import tariffs for wheat and waived business taxes on imported wheat, corn, and soybeans. MY2023/2024 corn imports are forecast at 4.5 MMT, while MY2022/2023 corn imports are estimated 4.4 MMT. In 2022, the United States lost market share to Argentina and South Africa due to lack of competitiveness in bulk shipments, though containerized shipments improved U.S. market share in the second half of 2022. Taiwan feed demand is reduced by HPAI but should recover later in 2023. MY2023/2024 rice production is forecast to slightly recover to 1.1 MMT as Taiwan continues to manage rice production to match consumption. MY2022/2023 rice production is estimated to decline slightly to 1.095 MMT, as drought may soon become an issue.

East Asia and the Pacific, Taiwan
Grains, Feeds and Fodders, Corn, Rice, Wheat

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