Russia muscles in on Australia’s traditional wheat export markets.

Russia has muscled into Australia’s traditional grain markets in South-East-Asia and the Middle East as grain growers face a slide in winter crop production. Australia was unable to get forward contracts sold to Indonesia’s mills because Russia’s wheat was $100 a tonne cheaper at times throughout our growing season. Australia’s position as supplier of premium milling wheat for noodles was at risk, with Russian exports undermining a long-standing relationship between Australian wheat farms and Indonesian flour mills.