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AMIS Market Monitor

last release: October 2018

Policy Developments

  • On 31 August, the Indonesia-Australia Comprehensive Economic Partnership Agreement was concluded. The agreement enables Australia to export 500 000 tonnes of feed grains including wheat to Indonesia. The exports would be free of duty in the first year, with 5 percent of annual growth in volume thereafter. In return, Australia would immediately eliminate all remaining tariffs on Indonesian imports. The Agreement would be brought into effect by 2020.
  • On 28 September, South Africa lowered wheat import tariff from ZAR 640.5 to ZAR 294.46 (USD 44.7 to USD 20.6) per tonne.
  • Faced with a sharp devaluation of the Turkish Lira and expensive input costs, on 6 September, the Ministry of Trade in Turkey temporarily limited flour exports produced from domestically grown grain to one percent of the total shipments, in order to stabilize domestic prices.