TAIWAN - From October 2013 – June 2014, Taiwan imported over 1,600 TMT of US corn, exceeding Post estimates. US corn share expanded to 45 per cent, compared to 13 per cent from the same period last year, according to Taiwan Customs import data.
According to contacts, Taiwan booked nine bulk shipments of corn for August-September delivery, of which five shipments are from South Africa, three from Brazil and one is from the United States. (NOTE: Taiwan importers reported recent shipments of US corn with greater than desired broken kernel percentages.)
With an estimated 20 per cent of corn imported via containerized shipments, total corn imports in MY2013/14 is estimated to 4.26 million metric tons, of which the United States accounts for approximately 39 per cent, Brazil 46 per cent, South Africa seven per cent, and all other countries combined for eight per cent.
Due to a higher import pace in the fourth quarter of MY2013/14, a higher carryover stocks is anticipated. Imports in MY2014/15 are thus lowered to 4.10 million metric tons from the previously estimated 4.22 million metric tons.
The Production, Supply, and Demand (PSD) table for corn is updated accordingly.
PSD Corn Table - Updated
TheCropSite News Desk