Japan: Japan Grain and Feed Update
Rice consumption continues to decline due to a shrinking population and reductions in per capita consumption. Price competiveness is expected to continue driving increased demand for imported corn at the expense of sorghum, rice, wheat, and DDGS in livestock feed mixes and compounds. US wheat is maintaining its share in the market despite Japan’s preferential trade agreements with competitors. Tight global supplies and high cost, insurance, and freight prices put downward pressure on feed barley imports, but demand remains strong for US varieties high in beta glucan for food consumption.