Australian wheat demand stands to rise in Southeast Asia amid Middle East conflict

Regional demand for Australian wheat stands to benefit from the Middle East conflict as Australia’s proximity to Southeast Asia, coupled with ample exportable supply, presents less risky options for buyers seeking to avoid longer and more expensive voyages or shipments passing through the Middle East, multiple Australian and Asian wheat traders said this week. The escalation in the Middle EastRegional demand for Australian wheat stands to benefit from the Middle East conflict as Australia’s proximity to Southeast Asia, coupled with ample exportable supply, presents less risky options for buyers seeking to avoid longer and more expensive voyages or shipments passing through the Middle East, multiple Australian and Asian wheat traders said this week. The escalation in the Middle EastRead More