Tridge summary
Indonesia's wheat imports for 2023-24 are projected to increase by 33% to 12.6 million tonnes, driven by higher demand from feed mills and flour product consumption, as per the USDA. However, wheat imports are expected to decrease to 12 million tonnes in 2024-25. Feed corn demand is predicted to rise to 9 million tonnes, with non-feed corn demand estimated at 8.6 million tonnes in 2023-24. The increase in wheat imports is attributed to the rise in instant noodle consumption due to high rice prices, and the impact of El Niño on rice plantings for the 2023–24 season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Indonesia's wheat imports in 2023-24 are expected to rise to 12.6 million tonnes, up 33% from 2022-23, according to data from the U.S. Department of Agriculture (USDA), World grain reported on August 8. The increase in imports was driven by increased demand from feed mills and consumption of flour products. In 2024-25, wheat imports are expected to fall to 12 million tonnes, while feed corn demand is expected to rise to 9 million tonnes. Non-feed corn demand is estimated at 8.6 million tonnes in 2023-24. The Indonesian Flour Mills Association (APTINDO, Asosiasi Produsen Tepung Terigu Indonesia) said rising rice prices have led to increased consumption of instant noodles, especially by low-income households, the USDA said. High corn ...
Source: Zol
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