Indonesia looks to buy more US wheat in bid for trade deal
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Indonesia's Wheat Import Plans: Indonesia plans to increase its wheat imports from the U.S. by signing a memorandum of understanding for procurement covering 2025-2030, aiming to purchase at least 800,000 tons this year and projecting annual imports to reach a minimum of 1 million tons starting in 2026.
Trade Agreement Negotiations: As part of tariff negotiations with the U.S., Indonesia has proposed reducing duties on key imports to nearly zero and committing to buy $500 million worth of U.S. wheat.
Analyst Views on WEAT
Wall Street analysts forecast WEAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WEAT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
