New Players Continue to Challenge Salim/Indofood in Flour Business (1)

The benchmark US wheat (No.2 Hard Red Winter, f.o.b.) price increased for the second consecutive month and at a steep rate, averaging USD 226 per tonne, 13 percent higher than in May, according to Food and Agriculture Organization (FAO). Indonesia might have to spend US$2 billion for import of wheat this year due to growing domestic production capacity of flour.To subscribe please click here