B · Normal
[Black Sea supply blocked, it is reported that Asian buyers are turning to Australian and Argentine wheat] September 3rd, trade sources said that Asian wheat importers have recently purchased at least 500,000 tons of Australian and Argentine wheat. Buyers are scrambling to find alternative supplies as some cargoes are delayed due to attacks on ships and grain export infrastructure in the Black Sea region. Asian importers, including Indonesia, the world's second-largest wheat importer, are sourcing alternative sources at significantly higher prices, they said. Supply constraints are particularly acute as many countries rely heavily on imports to meet domestic demand. A wheat trader at an international trading company in Asia said: "In the past week to 10 days, there have been many large transactions of Australian and Argentine wheat in the market to meet urgent needs. Importers are trying to find alternative cargoes to make up for goods that were supposed to arrive from Russia and Ukraine but have not yet arrived."
Futures Market Intelligence 🕐 2026-09-03 14:15

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