Indonesia: Grain and Feed Update

  |   Attaché Report (GAIN)   |   ID2024-0045
Indonesia’s 2024/25 wheat imports are forecast to decline 8 percent from 2023/24, when higher demand from feed mills, consumption of wheat flour-based food from major events in early 2024, and demand for cheaper alternatives to rice drove wheat imports up to new record highs. With larger production, rice imports in 2024/25 are expected to fall sharply from 2023/24, when the national logistics agency tendered to offset the smaller crop. Increased corn production in 2024/25 will reduce the volume of imports, although feed and wet milling demand remains strong.

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