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Article: INDONESIA'S WHEAT FLOUR CONSUMPTION UP RAPIDLY; REGULATION OF WHEAT FLOUR TRADING QUESTIONED
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- October 23, 1995
CopyrightCOPYRIGHT 1995 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On the international market, the price of wheat has continued to fluctuate not only because of changes in the climate but also because of the fact that wheat has become an object of futures trading with some speculative element in it. Nonetheless, at least for the past five years (1990-1994), the price of wheat on the international market fluctuated at relatively low rates, not to say that it was relatively stable. The growth in the price of wheat on the international market during this period was only 1.9% per annum.
The average price of wheat imported by Indonesia for 1994 was US$ 175.7 per ton or Rp 378.4 per kg (according to Bulog's calculations, however, it was ...