Wheat Consumers Must Get Used to Higher Prices, Welirang Says
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Wheat consumers will have to get used to a “new price level” as importers pay more for the grain amid competition for U.S. supplies, according to an industry executive from Indonesia, Asia’s largest buyer.
“Wheat prices in the world will still be going up,” because infrastructure in the U.S. is not adequate to immediately meet surging demand, Franciscus Welirang, chairman of the Flour Mills Association in Indonesia, said in an interview today.