SINGAPORE: Asian wheat importers have bought at least half a million metric tons of Australian and Argentinean wheat in recent deals, three trade sources said, as buyers scramble to replace Black Sea cargoes delayed by attacks on vessels and grain export infrastructure.
Importers in the region, including Indonesia, the world's second-largest wheat buyer, are paying sharply higher prices for alternative supplies, they said, with several countries relying heavily on imports to meet domestic demand.
