Indonesia to Import More Corn, USDA Says

The Indonesian government recently instructed its National Logistics Agency to import 500,000 metric tons of corn, which is expected to arrive before the end of this year, USDA’s Foreign Agricultural Service said in a report this month. The increased corn imports are meant to “soften the impact of higher commodity prices” due to an expected weather-related decline in Indonesian corn production, USDA said. The agency warned that high corn prices and the strong dollar may “hinder” Indonesia’s plan to import more corn, adding that it expects the country’s corn imports to increase by 20% to 1.2 million metric tons of corn for the 2022/2023 season compared with the previous forecast of 1 million metric tons.