Indonesia is a potential market for Canadian wheat

Published 2025년 3월 17일

Tridge summary

Due to US tariffs, Canada is seeking new markets for its goods, with Indonesia being a promising destination due to its growing wheat demand. Canada and Indonesia have signed a Comprehensive Economic Partnership Agreement (CEPA), which will improve trade terms and simplify market access, benefiting Canadian wheat exporters. Indonesia's wheat imports are expected to exceed 12 million tonnes in MY 2024/25, driven by the noodle, bread, and snack industries. Canada is the second largest supplier of wheat to Indonesia, and CEPA could further reduce costs for local importers, allowing Canada to compete with other suppliers and diversify its export markets.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The introduction of US tariffs on Canadian goods is forcing Canada to look for new markets, and one promising direction is Indonesia. As one of the world’s largest importers of wheat, Indonesia does not produce this crop, but its demand is growing due to urbanization and changing eating habits. The country’s wheat imports are expected to exceed 12 million tonnes in the MY 2024/25, making this market attractive for Canadian exporters. The concluded Comprehensive Economic Partnership Agreement between Canada and Indonesia (CEPA) improves trade terms by reducing tariffs and simplifying market access. This creates favorable conditions for the Canadian agricultural sector, especially for wheat exporters, who can strengthen their position by taking advantage of the agreement. Demand for wheat in Indonesia is provided by three key industries: the production of noodles, bread and snacks. In 2023, the country’s instant noodle consumption reached 14.54 billion servings, making this ...

Source: UkrAgroConsult