One of the key sources of wheat imports for Indonesia in 2023/24 MY was Australia

Published 2024년 9월 3일

Tridge summary

In the 2023/24 marketing year, Indonesia imported a record 12.6 million tons of wheat, marking a 33.4% increase from the previous season. This surge includes significant imports from Australia and a nearly tenfold increase in Russian wheat imports. The rise in wheat imports is driven by its cost-effectiveness compared to rice and corn, and the Indonesian government's policy allowing only flour mills to import wheat. Additionally, demand for imported wheat flour grew by 44.7%, with Turkey being the primary supplier.

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

Original content

According to FAS USDA, in 2023/24 MY Indonesia imported a record 12.6 million tons of wheat, increasing the volume of supplies by 33.4% compared to the previous season (9.45 million tons), Grain Central reports. In particular, Indonesia significantly increased grain supplies from Australia in 2023/24 MY – up to 4.11 million tons, or 32.6% of the total imported volume. Also, imports of Russian wheat increased almost tenfold – from 168 thousand tons in 2022/23 MY to 1.6 million tons in 2023/24 MY. The noticeable increase in wheat imports reflects active demand for grain as a cheaper alternative to rice and corn. In addition, the Indonesian government only allows flour mills to import wheat, as there is a 5% import duty on products not intended for human consumption. It should be ...

Source: Zol