# Corn, rice self-sufficiency campaign distorting Indonesia’s market | World-grain.com | December 07, 2017 15:36 | World Grain

> A USDA Foreign Agricultural Service report says Indonesia's self-sufficiency campaign blocks feed corn imports and discourages substitutes, lifting domestic corn to about $311 per tonne versus a $296 reference price. The ministry allowed 200,000 tonnes of feed wheat imports in October, but is reportedly seeking to curb further feed wheat imports next year.

- Date: 2017-12-07 · published 2017-12-07T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/67533-corn-rice-self-sufficiency-campaign-distorting-indonesia-s-market-world-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Blocked corn and substitute imports keep Indonesian feed costs high and reduce import demand, which is bearish for exporters while cutting feed-wheat demand if restrictions tighten.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-09-01 | [E.U. doubles import duty for corn, sorghum, rye \| World-grain.com \| September 01, 2017 13:29 \| World Grain](https://feedsoft.ai/events/69016-e-u-doubles-import-duty-for-corn-sorghum-rye-world-grain-com-september-01-2017.md) | -0.4% | +0.8% |
| CORN | 2017-03-17 | [China’s new approach to corn \| World-grain.com \| March 17, 2017 19:08 \| World Grain](https://feedsoft.ai/events/71844-china-s-new-approach-to-corn-world-grain-com-march-17-2017-19-08-world-grain.md) | -1.8% | +0.6% |
| CORN | 2022-08-26 | [Uncertainty surrounds Mexico’s decree banning GM corn \| World Grain](https://feedsoft.ai/events/40006-uncertainty-surrounds-mexico-s-decree-banning-gm-corn-world-grain.md) | +0.5% | +2.0% |
| CORN | 2020-05-07 | [European Commission updates import duties \| 2020-05-07  \| World Grain](https://feedsoft.ai/events/53205-european-commission-updates-import-duties-2020-05-07-world-grain.md) | +0.2% | +1.4% |
| CORN | 2019-09-02 | [Mexico’s move toward food self-sufficiency confronts GMOs \| IATP](https://feedsoft.ai/events/57037-mexico-s-move-toward-food-self-sufficiency-confronts-gmos-iatp.md) | -2.8% | +1.5% |
| WHEAT | 2017-02-07 | [South Korea depletes rice stocks for feed use \| World-grain.com \| February 07, 2017 14:28 \| World Grain](https://feedsoft.ai/events/72584-south-korea-depletes-rice-stocks-for-feed-use-world-grain-com-february-07-2017.md) | +0.4% | -0.2% |
| WHEAT | 2021-03-17 | [Morning Market Review for March 17, 2021 - Beachner Grain](https://feedsoft.ai/events/5122-morning-market-review-for-march-17-2021-beachner-grain.md) | +0.9% | -3.6% |
| WHEAT | 2021-02-11 | [Argentina decides not to increase grain export taxes \| 2021-02-11  \| World Grain](https://feedsoft.ai/events/48460-argentina-decides-not-to-increase-grain-export-taxes-2021-02-11-world-grain.md) | +9.3% | +9.6% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/9029-corn-rice-self-sufficiency-campaign-distorting-indonesia-s-market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.