Global wheat production was forecast to outpace consumption, leading to an increase in world wheat ending stocks.
GTA continues to operate as a non-political, member-driven body.
Even with a slightly smaller harvest, stocks and carry-over from the previous year position the country to supply both domestic grain demand and export markets.
A total of 11 shipments are being sought, involving one vessel to Jazan port, three to Dammam, three to Yanbu and four to Jeddah.
The deal reduces US tariffs on Indonesian goods to 19% from 32%.