Wheat imports jump

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Eddy M
Berichten: 25
Lid geworden op: za mar 01, 2014 2:09 pm

Wheat imports jump

Bericht door Eddy M » wo mar 05, 2014 7:38 am

Wheat imports by Indonesia may jump to more than 10 million tons a year in five years as rising incomes spur demand for noodles, cakes and cookies in Southeast Asia’s largest economy, according to Rabobank International.

Shipments expanded more than threefold over the past two decades to 7.1 million metric tons in 2012-2013, analyst Pawan Kumar wrote in a report received today. Imports of more than 10 million tons would place Indonesia, which can’t grow the grain locally because it’s too hot and humid, on par with the current leading global importer, Egypt, Kumar wrote.

Increased shipments would benefit exporters including Australia, the world’s fourth-biggest wheat supplier, as well as the U.S. and Canada. Indonesia, the world’s largest sugar buyer and second-largest palm oil user, is consuming more agricultural commodities after the economy more than doubled since 2007. Rising wheat imports may also help Indonesia to meet its goal of maintaining self-sufficiency in rice, Kumar said.

Driven by economic growth and convenience, wheat consumption is on the rise in Indonesia,” Kumar said, forecasting rising demand from both low- and high-income groups as buyers turned to muffins and sandwiches. “Bread has become increasingly popular among industrial workers.”


http://www.bloomberg.com/news/2014-03-0 ... scale.html

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