Wheat shipments from Russia, the world’s third-largest exporter last year, and the rest of the former Soviet Union are slowing, prompting buyers in Indonesia to turn to the U.S. and Australia, an executive said. "Wheat out of Ukraine and Russia has started to drain out,” said Franciscus Welirang, chairman of the Flour Mills Association in Indonesia, Asia’s biggest buyer. The country will increase imports of wheat used in flour to 4.3 million metric tons from 4.1 million tons last year, he said in a phone interview today. Read the story here.
