Market Snapshot

japan grid

japan chart

Coarse Grain S&D

  • Total corn demand is 12.1 mmt, of which 5.4 mmt (45%) imported.
  • Domestic corn production primarily white corn for food use; yellow corn imported for feed use.
  • Domestic production steadily increasing, grew 12% in past 10 years.
  • U.S. corn market share variable with growing competition from Black Sea origin.
  • 5% import duty on grain sorghum; sorghum not widely known as a feed ingredient.
  • Grain inspection system closely mirrors GIPSA/FGIS.

Market Overview

  • Political turmoil stymieing investment in industrial and agricultural sectors.
  • Population: 82.1 million
  • Population growth rate: 1.96%
  • High unemployment
  • GDP growth: 5.1%
  • GDP per capita: $6,200
  • World’s fourth largest corn market.
  • Currency devaluation, poultry and livestock disease and global economic downturn over past 10 years suppressed demand.

Market Growth Potential

  • Political and economic stability uncertain.
  • Phyto-sanitary measures in place to control animal disease.
  • Demand for poultry, eggs, red meat and dairy growing.
  • Aquaculture sector evolving.
  • Opportunity to increase DDGS imports; market currently limited to two suppliers.
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Office Contact Info

20 F Street NW
Suite 600
Washington, D.C., 20001

Phone: 202-789-0789
Fax: 202-898-0522
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