Indonesia to import more wheat


Indonesia is set to become the world’s biggest importer of wheat in the next five years, overtaking Egypt. Consumers in Indonesia are turning to cheaper wheat-based foods and shunning the more expensive rice dishes to cope with rising inflation costs. Australian wheat suppliers are seen to benefit from this increase in demand because of its close proximity to the country. Australia’s premium and standard white wheat account for the bulk of Indonesia’s imports. Indonesia’s wheat imports are expected to reach 7.5 million tonnes this year, more than the 7 million touted by industry officials before the fuel hike kicked in. That would be a rise of between 1 million and 1.5 million tonnes from 2012, and would match shipments into current global number 2 wheat importer Brazil.