Bogasari's wheat import up 11%

Bogasari's wheat import up 11%

SINGAPORE (Dow Jones): PT Bogasari Flour Mills, the biggest flour milling company in Indonesia, will import 3 million metric tons of wheat this year, up 11 percent from last year's 2.7 million tons.

Bogasari will also produce 2.25 million tons of flour this year, up 7.1 percent from last year's 2.1 million tons.

Bogasari's Senior Vice President Philip Purnama said the increased imports should meet the growing demand for instant noodles in Indonesia.

"Instant noodles have become a popular meal in Indonesia," he said, adding that they are cheap and convenient.

Purnama said 20 percent of the company's flour output will go to instant noodle manufacturers including Bogasari's parent company PT Indofood Sukses Makmur.

He said more than half of the company's wheat imports will come from Australia and the rest will be supplied by the U.S., Canada and India.