| ||It's still cheaper for Indonesian millers to buy wheat from Russia, than from Australia, ABC Rural|| ||
The market conditions making it cheaper for South East Asian buyers to purchase grain from the Black Sea, instead of Australia, aren't likely to change anytime soon, according to market-watchers.
Indonesia is Australia's largest market for wheat exports, and for the last 12 months it's been cheaper for flour millers to purchase grain from the Black Sea.
Australian grain into major SE Asian ports is trading at a $20 to $30 premium over Black Sea wheat. AWB portfolio manager Charlie Brown explains. To see the full story click here>