Chile: Grain and Feed Annual
Total wheat production increased 8% in MY2015/2016 reaching 1.6MMT. Production is expected to decrease on MY2016/17 as prices for domestic producers declined in MY2015/16. A slight increase in Chile’s import volume is expected MY2016/17 to offset decrease in the production. As corn prices are low, there is no expectation of an increase in corn area harvested for MY2016/17. Chile’s traditional corn producers expect to continue to produce a minimum of 100,000 ha, even if other producers seek alternative, more lucrative crops. As a result, imports are expected to increase to 1.8 MMT in MY2015/16 and 1.9MMT in MY2016/17due to the lower domestic production and high demand by poultry and pork industry.
