USDA: Feed demand, economic recovery driving projected increase.

Imports of 12 million tonnes are highest since 1995-96.

USDA report also projects soy meal exports at their lowest level in 19 years.

Working group formed amid trade dispute with United States.

China’s 80% import tariff on Australian barley has been in effect since 2020.

Report says dryness threatens grain output more than the recent historic earthquake.

Cheap prices had sparked farmer protests.

State grains buyer GASC makes tender for two May deliveries.

Intake will still be below the 10-year average.

Wheat consumption to outstrip supply despite increase in output, imports.