Saudi Arabia strengthens its position in global grain markets

“The Middle East has become much more stable, conflicts have significantly decreased, and maritime shipping through the Red Sea and the Suez Canal is expected to fully resume soon,” said Dan Basse, President and Founder of AgResource Company, at the 35th annual IAOM Mideast & Africa Conference & Expo in Jeddah, Saudi Arabia. Saudi Arabia is playing a key role in the development of the grain market, becoming a regional hub for storage and distribution while ensuring food security for the region. According to Basse, the country is shifting from a subsidized domestic production model to a fully import-reliant, privatized system, sourcing wheat from Germany, Poland, Lithuania, the Black Sea region, Australia, and North America. SABIL, operating under the Saudi Agricultural and Livestock Investment Company (SALIC), manages grain ports, storage facilities, and logistics across the country. Mauro Barbieri, Chief Operating Officer, emphasized that the company’s priority is food security ...