Indonesia: Grain and Feed Update

Market uncertainty and price volatility in international markets led to flour mills importing more wheat in 2021/22 to hold them over in case of future shortages. Therefore, Post revises 2021/22 wheat imports to 11.3 MMT, up 12 percent from its previous estimate of 10.7 MMT. Despite unclear rice policy decisions, the Government of Indonesia is likely to authorize its state-owned procurement agency BULOG to import rice to replenish its depleted government rice reserves. Due to the urgency behind replenishing these stocks, Post expects 2021/22 rice imports to increase to 1.0 MMT.