Asia cereal imports seen at record levels in 2020/21

Published 2021년 3월 7일

Tridge summary

Asia's cereal imports have reached record levels in the 2020/21 season, largely due to increased feed demand in China, which is expected to result in a record maize import of 20 million tons. The region's aggregate wheat import requirement has also reached the highest level in the past five years, with China leading the increase, followed by other large importers. However, despite the strong demand, prices have not significantly increased in most regions, partly due to higher rice exports by India, Pakistan, Cambodia, and China. The price stability is expected to continue with the upcoming harvest of the new wheat crop.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Asia’s cereal imports are expected to be at record levels in 2020/21, mainly led by robust feed demand in China, according to a report of the Food and Agriculture Organization (FAO). Thanks to a recovery in China’s domestic pork production following an outbreak of African Swine Fever, imports of maize are expected to hit a record high of 20 million tons in 2020/21 (October-September), almost five times the average level. The cereals demand across the region is also expected to be robust.The aggregate wheat import requirement during the year is estimated at 55.4 million tons, the highest level in the last five years. While the largest increase in wheat is expected from China, other large importers in the region — Bangladesh, Indonesia, Japan, Korea, the Philippines and Vietnam — are also expected to increase their purchases from global markets. India’s arch rival Pakistan is estimated to import the largest volume of wheat in the last 12 years, while imports of rice are forecast to ...

Source: Indoasiancommodities