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- (-) April 2018
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On April 10, Taiwan completed a Simultaneous-Buy and Sell (SBS) tender for 18,500 tons of U.S. origin rice.
Taiwan is the United States sixth largest export market for soybeans. Soybean consumption and imports are forecast to remain stable in MY2017/18 and MY2018/19 at 2.525 million tons.
Rice production continues to be strong despite falling demand, as many farmers prefer the guaranteed income that comes from the government rice procurement program.
The United States’ position as the leading supplier of cotton to Indonesia was overtaken by Brazil during the period August 2017 to January 2018.
Indonesia offers significant opportunities for U.S. ingredient suppliers to meet the demand for raw materials for its food processing industry.
Rice production in 2018/19 is forecast to increase only slightly, and low stocks and high prices will continue to require rice imports.