Commodities:  Oil & Oilseeds Feed & Meal Grains Pulses Spices Sugar & Gur Fibre Plantation Others
You Are Here: Home > Commodities > Grains > More News
Articles
More Articles...
Saudi Arabia issues tender to buy 595,000 tons of wheat

Saudi Arabia issues tender to buy 595,000 tons of wheat

Thu July 12 2018

 

Saudi Arabia's main state wheat buying agency, the Saudi Grains Organization (SAGO), said on Thursday it has issued an international tender to purchase 595,000 tons of hard wheat.

 

The tender deadline is Friday.

 

The wheat, with 12.5 percent protein content, is sought from global suppliers for arrival in Saudi Arabia in September and October, it said.

 

SAGO Governor Ahmad Al Fares said in a statement the wheat was sought in 10 individual consignments.

 

The shipments will be distributed between the ports of Jeddah (360,000 tons), Dammam (180,000 tons) and Jizan (55,000 tons).

 

In its last reported wheat tender on May 7, SAGO bought 545,000 tons.

 

SAGO also bought 1.74 million tons of animal feed barley in a separate tender on Monday.

 

Saudi Arabia has become a major importer of hard and soft wheat since abandoning plans for self-sufficiency because farming in the desert drained precious water supplies.

 

Source: https://www.zawya.com/mena/en/story/Saudi_Arabia_issues_tender_to_buy_595000_tons_of_wheat-TR20180712nL8N1U81KSX1/

Technical Research
Prices
Thursday, November 15, 2018
ExchangeCommodityContractOpenHighLowClose
NCDEXBarleyNov181938194319381941.5
More Futures prices..
Spot Market Review