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Indonesia to import 50,000 wheat from France after six years

Indonesia to import 50,000 wheat from France after six years

JAKARTA: France is set to export its first batch of wheat to Indonesia after six years, following which wheat prices rose earlier this week

Private animal feed companies in Indonesia have expressed keenness to use wheat from France as a feed option. The first vessel bound for Indonesia will load up on wheat at the French port of Rouen this week, with about 50,000 tonnes of wheat. More supplies could follow later this month, said a report in Reuters.

Upto 400,000 and 500,000 tonnes of French wheat could be shipped to Indonesia, revealed a source familiar with the matter.

Following limited supply of wheat from Ukraine and high prices of the crop from Australia, exporters turned to supply from France.

Traders have expressed relief as they were hoping this would bring them out of the doldrums linked to lagging