Saudi Arabia buys 1.043 million tons of wheat for delivery in July-August

Published 2023년 3월 13일

Tridge summary

Saudi Arabia has completed the procedures for awarding 1.043 million tons of wheat for delivery in July and August in its first tender of 2023. The average purchase price was $316.86 per ton based on cost and freight. The shipments are scheduled to arrive at Saudi ports between July 1 and August 15. The origins of the supply will be the European Union, the Black Sea region, North America, South America, and Australia.

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Original content

Saudi Arabia has completed the procedures for awarding 1.043 million tons of wheat for delivery in July and August, in its first tender in 2023, Reuters reported, quoting the Saudi General Authority for Food Security on Monday. The Authority stated that the average purchase price was $316.86 per ton based on cost and freight. In the past, the authority bore the name of the General Grain Corporation, until it was restructured and renamed by the Saudi government in January. The shipments are scheduled to arrive at a number of Saudi ports during the period from July 1 to August 15. The quantity awarded was much higher than the 480,000 tons requested in the ...

Source: Almalnews