Indonesia: Grain and Feed Annual

High global commodity prices are expected to slow the growth of 2021/22 Indonesian wheat imports and lower the use of wheat in feed formulation. Although Ukraine is one of Indonesia’s top wheat suppliers, industry sources indicate the Russia/Ukraine conflict will not have an immediate impact on wheat supplies to Indonesia, as they reportedly received all of their contracted wheat shipments from Ukraine before the start of the conflict. Indonesian flour mills and feed mills have not yet started new purchases from Ukraine as the next wheat harvest in Ukraine is not expected to occur until August 2022. Wheat imports from Australia are likely to offset potential future losses of Ukrainian imports. The steady decline of COVID-19 cases is expected to continue to improve consumer purchasing power and drive increases in the consumption of wheat and corn for Food, Seed and Industrial use in 2021/22 and 2022/23.