Bread wheat prices rose slightly at the import tender in Saudi Arabia.

The Saudi Arabian Government Food Security Agency (GFSA, formerly SAGO) has purchased 455,000 tons of bread wheat with 12.5% protein at an international tender, up from the planned 420,000 tons, reported the online publication APK-Inform, citing its sources among market participants. The average price at which the wheat was purchased is $262.17 per ton C&F, with trade sources indicating that the main quantities will arrive from the Black Sea region countries. For comparison – at the previous tender for the import of bread wheat to Saudi Arabia, held in mid-May, the delivery of 621,000 tons was agreed upon, against the planned 655,000 tons, at prices between $247.69 and $256.29 per ton C&F, and at the tender for the import of soft wheat to Algeria about two weeks ago, between 500,000 and 720,000 tons were purchased at prices of $259 to $261 per ton C&F. In the current tender procedure, wheat from European Union member states, Australia, North and South America was also offered. The ...