Post forecasts little change in overall feed production in MY2023/24 but corn utilization in feed rations should rise while wheat and rice utilization should decline. Corn planted area is expected to lose ground to soy with government policies and subsidies emphasizing more soy production. Corn imports in MY2023/24 are forecast stable at 18 MMT while sorghum imports should return to higher levels with greater international supplies. Rice consumption and imports are forecast down as less broken rice is imported and used as a feed alternative.
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