Indonesia’s feed, poultry industry plagued by low domestic corn output, and delay in wheat imports

Indonesia’s tightening corn supply amid lower domestic output, coupled with delays in Black Sea feed wheat shipments due to Red Sea tensions, is plaguing the country’s feed millers and likely to keep poultry supply tight in the near term, according to sources. With domestic feed corn prices already being up in the week to Jan .19 amid lower corn production, and offers heard at Rupiah 10,500/kg ($672.30/mt) delivered to feed mills around Jakarta, farmers and feed millers are looking for alternative solutions to cover for shortages. This has included buying imported feed wheat through state-owned livestock company Berdikari, with most of the imported feed wheat slated to come from the Black Sea. Platts, part of S&P Global Commodity Insights, assessed corn CFR Northeast Asia at $242.50/mt Jan. 18, down $6/mt on the week. According to Indonesia’s Central Bureau of Statistics, the country’s corn production is likely to continue dropping over January-February to about 560,000 mt, down ...