Indonesia signs MOU, pledges to double US wheat purchases over 2026-2030

Associates, said the MOU marked “a major milestone for the Indonesian milling industry and US wheat producers. It said that under the agreement, APTINDO had committed to doubling its annual purchases of US wheat over the next five years. In the past decade, Indonesia’s annual imports of US wheat historically averaged just under 1 million mt up to 2020, but after that, imports dropped sharply, with annual import volumes between 2021 and 2024 averaging 481,023 mt, according to import data from Indonesia’s Bureau of Statistics. The MOU, as seen by S&P Global Commodity Insights, added that “due to timing considerations,” APTINDO will purchase a minimum of 800,000 mt of US origin milling wheat for the remainder of the calendar year. The US milling wheat sales will be conducted through private tenders. APTINDO has not yet released a statement to millers on how the wheat volumes might be split between its members, according to industry sources. The association did not immediately respond ...