Government of Indonesia Orders the Importation of 2 MMT of Rice to Replenish Emergency Stocks

ID2023-0007
This report modifies the rice consumption, trade, and stocks analysis of the 2023 Grain and Feed Annual for Indonesia in light of new official information. The Government of Indonesia recently announced it would import 2 million metric tons (MMT) of rice by December 2023 in order to fulfil its ongoing distribution program and replenish its emergency stocks in case of natural disasters and other needs. Post revises up 2022/23 rice imports to 1.75 MMT and 2023/24 forecasted rice imports to 800,000 MT.

Grain and Feed Annual

ID2023-0006
High commodity prices in the international market during the last term of 2022 are expected to impede the growth of 2022/23 Indonesian wheat imports and curb the use of wheat in feed formulation. The removal of most COVID-19 restrictions is expected to lead to improved consumer spending. Therefore, consumption of wheat and corn for Food, Seed and Industrial in 2022/23 and 2023/24 are forecast to increase. Forecasts of an early and longer dry season in 2023 will provide for better corn production while posing threats to paddy production which requires more water than corn.