Indonesia imports massive wheat this year

Jakarta, CNBC Indonesia - Indonesia's wheat imports are predicted to increase again to reach 10 million tons in the 2023-2024 period. After declining in the 2022-2023 period due to the weakening global economy. The expected increase in imports is based on the assumption that the global economy will improve, population growth and increased demand due to the upcoming election. This is the latest data released by the US Department of Agriculture, USDA. According to WorldGrain, based on USDA data, Indonesia's wheat imports are estimated to reach 10.5 million tonnes, up from the previous 9.446 million tonnes in 2022-2023. The global economic slowdown and depressed purchasing power in the domestic market will push demand for wheat products to decline in 2022-2023. Meanwhile, total food consumption in 2022-2023 will fall 3.4% to 8.5 million tonnes of wheat equivalent. With the 2024 election, demand for food products made from wheat flour is expected to increase. Wheat consumption in ...