Ukraine has displaced us from the wheat market in Indonesia

Published May 11, 2025

Tridge summary

Ukraine is back in the wheat export market in Southeast Asia, including Indonesia, Vietnam, Thailand, and Bulgaria, according to grain market analyst Maksim Kharchenko. This is possible due to the stable activity of the sea corridor, even though it goes through the territorial waters of Romania and Bulgaria. The termination of the Black Sea Grain Initiative due to Russia's invasion of Ukraine allowed Ukraine to start exporting through this route. Wheat exports from Ukraine are regaining their usual pace this season, with most exports happening in the first half of the agricultural season.

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

Original content

Wheat from Ukraine has returned to the markets of Southeast Asia, and the country is already exporting it to Indonesia, Vietnam, Thailand and Bulgaria, Ukrainian grain market analyst Maksim Kharchenko said at this year’s BLACK SEA GRAIN international conference in Kiev, as quoted by the online publication AgroPortal. “This became possible thanks to the stable activity of the sea corridor. In the wheat market in Indonesia, for example, Ukraine has replaced Bulgaria, which last year was actively exporting to this country,” Kharchenko said. Ironically, the sea corridor covers the territorial waters of Romania and Bulgaria in the Black Sea. Although the route is being extended, Ukraine began exporting through them with the termination of the Black Sea Grain Initiative, which burdened it with additional conditions such as inspections of ships in Turkey to ensure that they were not carrying weapons, ...

Source: Sinor