Taiwan: Grain and Feed Annual

In MY2024/2025, Taiwan’s wheat imports are forecast at 1.4 MMT. The United States is expected to recover market share from Australia due to better competitiveness and availability. MY2023/2024 and MY2024/2025 corn imports are forecast to recover to 4.55 MMT due to improved feed demand outlook, with restocking in both the hog and poultry sectors. In MY2023/2024, the United States is expected to regain some market share as U.S. bulk prices from the west coast are more competitive as a result of logistics challenges impacting both the Panama Canal and near the Red Sea. MY2023/2024 rice production is estimated to increase to 1.2 MMT on greater planting area and water availability. Since 2022, Taiwan has temporarily removed the import tariff for wheat and waived business taxes on imported wheat, corn, and soybeans. These measures have relieved some inflationary pressures and are currently set to expire on June 30, 2024.