Wheat Prices 2012 Indonesia Stable, Wheat Demand Estimate Rise
Wheat prices Indonesia in 2012 is estimated stable because world wheat supplies are capable of sufficient demand. Fransiscus Welirang, Chairman of the Indonesian Wheat Flour Producers Association, said world wheat production in 2012 is relatively undisturbed and are expected to increase compared to the year 2011.
National wheat demand 2012 is estimated to rise 5.9% to 5.03 million tons from 2011 amounting to 4.75 million tons. Ratna Sari Loppies, Executive Director of the Indonesian Wheat Flour Producers Association, said the rise in wheat demand driven increase in raw material needs for national wheat flour industry.
Category: estimate wheat 2012, indonesia wheat supply, Wheat, wheat demand, wheat per tons, wheat prices 2012
Expect mgiarn compression as business finds it difficult to pass on rising costs other than in luxury goods.
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