Russia aims to increase grain exports to Indonesia

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Russia aims to increase grain exports to Indonesia - Agroexport

MOSCOW. Oct 15 (Interfax) - Russia aims to increase grain exports, primarily wheat, to Indonesia, and the free trade agreement between the Eurasian Economic Union (EAEU) and Indonesia which will be signed at the end of 2025 opens up significant opportunities for this, the Agroexport federal center said.

According to expert estimates cited by the center, this year Russia exported around 123,000 tonnes of grain to Indonesia, worth $29 million. These supplies were sent in January.

As reported by the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), Indonesia extended the accreditation of testing laboratories subordinate to the service in August this year, which made it possible to resume exports. In October, 52,000 tonnes of wheat were shipped.

Currently, wheat, soybeans, corn (including corn flour), and barley from Russia are approved for export to the Indonesian market.

If the free trade agreement between the EAEU and Indonesia comes into force, a preferential regime of various modalities will be applied for grain exports from Russia, including a reduction of the duty on wheat from 5% to zero by one percentage point per year from the start of the agreement, Agroexport said.

"This is an important agreement for Russian suppliers, since Indonesia is the largest grain importer in Southeast Asia. Obtaining a zero duty when exporting wheat to the Indonesian market would be a great support," the head of Agroexport, Ilya Ilyushin, was quoted as saying.

As reported by the Union of Grain Exporters, a business mission of Russian exporters of agricultural products to Indonesia will take place on October 17, during which "cooperation between Russia and Indonesia will be discussed, primarily on increasing supplies of grain and pulses." Mission participants will also hold bilateral meetings.

According to expert estimates provided by Agroexport, Russian grain exports to Indonesia for 2024 exceeded 1.3 million tonnes, valued at over $310 million.