Three trade sources said Asian wheat importers have purchased at least 500,000
tons of Australian and Argentine wheat after attacks on ships and export
infrastructure in the Black Sea delayed deliveries. Buyers, including Indonesia
— named in the source as the world's second-largest wheat importer — are paying
markedly higher prices to secure alternative shipments, the sources said. An
Asia-based trader said multiple bulk deals for Australian and Argentine wheat
were struck in the past week to 10 days to replace cargoes expected from Russia
and Ukraine that have not arrived. The shift highlights acute short-term supply
stress for import-dependent countries.
