Demand for grain falls in Asia

Published 2020년 7월 1일

Tridge summary

The coronavirus pandemic and African swine fever are negatively impacting the demand for grains and oilseeds in Southeast Asia in 2020, leading to a decrease in consumption of wheat, corn, soy and soy flour by 1.6%. The five countries in the region, which make up Southeast Asia, are experiencing a significant decline in feed consumption, with demand expected to decrease 3.2% from the previous year. However, human consumption of major grains in Southeast Asia is expected to increase 1.4% in 2020, and wheat imports to the region are also expected to grow by 1.4% in 2020.

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Original content

The coronavirus pandemic and African swine fever (ASF) are negatively affecting demand for grains and oilseeds in Southeast Asia in 2020, decreasing consumption of wheat, corn, soy and soy flour by 1.6% in that region, according to a report released on June 30 by Rabobank International. The five countries that make up Southeast Asia in the report - Indonesia, Malaysia, the Philippines, Thailand and Vietnam - are experiencing a significant decline in feed consumption, with demand expected to decrease 3.2% from the previous year and from 5 , 8% over the past five years. "About 64% of the total annual grain demand in the five countries is used for animal feed," said Oscar Tjakra, senior grain and oil analyst at Rabobank. "Therefore, the decrease in the use of grains and oilseeds outweighs the increase in the use of grains and oilseeds for human consumption," he added. The report noted that human consumption of major grains in Southeast Asia is expected to increase 1.4% in 2020, ...

Source: Agrolink