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South Korea may cut imports of wheat by almost 10%
South Korea in the 2016/17 season may import up to 4.6 million tons of whole wheat, 0.5 million tons less than forecast last month, data from the USDA FAS
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The reduction of wheat imports due to its lower price attractiveness compared to fodder maize in the current season. In addition, the government has decided to redirect 470 thousand rice old crop inventory for feed needs.

At the beginning of January 2017. Korean manufacturers of animal feed have entered into contracts for the supply of 1.5 million tonnes of feed wheat.

At the same time import forecast of wheat left unchanged at 2.6 million tonnes.

Photo: global55.ru



Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн
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