Russia Rejects Black Sea Grain Export Deal: Impact on Indonesia?

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Erlina Fury Santika 21/07/2023 18:40 WIB

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Recently, Russia refused to extend the Black Sea grain deal, thus tightening the global wheat supply. What is the impact on Indonesia's wheat imports?

Wheat and Meslin Import Volume by Top Supplying Country (January-April 2023)

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Russia Rejects Black Sea Grain Export Deal: Impact on Indonesia?

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Wheat and Meslin Import Volume by Top Supplying Country (January-April 2023)

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Russia recently refused to extend the Black Sea Grain Initiatives agreement on Monday, July 17, 2023.

According to CNBC Indonesia, the agreement involved the transportation of 33 million metric tons of agricultural products by over 1,000 ships that departed from the Ukrainian ports of Odessa, Chornomorsk, and Yuzhny-Pivdennyi.

The agreement also stipulated the supervision of the transportation of 725,167 tons of wheat by Food and Agriculture Organization (FAO, UN) ships to several of the world's most food-insecure countries, such as Afghanistan, Ethiopia, Somalia, Sudan, and Yemen.

President Vladimir Putin's order to halt the Black Sea Grain Initiatives agreement could tighten wheat supplies, leading to predictions of higher prices.

So, will Indonesia be affected by the tightening of Russian wheat exports?

Based on the *Foreign Trade Statistics Bulletin: Imports April 2023* from the Central Statistics Agency (BPS), Russia is not a major importer of unmilled wheat and meslin.

The largest supplier is Australia, with import volumes of almost 1.30 million tons from January to April 2023. Canada is second, importing 796,34 thousand tons.

Brazil is third with imports of 768.14 thousand tons. Argentina is fourth, at 198.75 thousand tons.

Ukraine is among the top five wheat suppliers to Indonesia, sending 189.89 thousand tons. Other countries combined contributed 36.76 thousand tons.

In total, the net weight of wheat and meslin imported from January to April 2023 reached 3.28 million tons.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."