Saudi Arabia's wheat and corn market to see 5% growth in demand in 2025 - forecast

게시됨 2025년 2월 28일

Tridge 요약

Saudi Arabia is projected to experience a 5% annual growth in demand for wheat and corn by 2025, driven by positive domestic growth. The country relies heavily on imports for these grains, with wheat mainly sourced from Europe and the Black Sea, and corn from South America. However, water shortages do not foresee a rise in wheat production. Saudi Arabia is looking into other grain import markets, particularly Ukraine, as they need to diversify their sources while maintaining quality. In 2025, the General Authority for Food Security (GFSA) is expected to relax its controls, permitting private millers to import their own wheat. Saudi Arabia's ambition is to achieve self-sufficiency in poultry by 2025, having already reached self-sufficiency in egg production.

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원본 콘텐츠

Saudi Arabia, one of the Middle East’s key grain markets, is likely to maintain robust domestic growth in 2025, supported by a positive demand outlook, Anis Alam, chief grain buyer at Arabian Agricultural Services Company (ARASCO), told Platts on Jan. 25. The country’s demand for wheat and corn is expected to grow by 5% annually, Alam said. “Currently, Saudi Arabia imports about 3.5 million tonnes of wheat and 5 million tonnes of corn, which has the potential to grow by 5% annually.” Saudi Arabia has been importing wheat, mainly from Europe and the Black Sea, as domestic wheat production has been declining. Alam believes it should be around 500,000–600,000 tonnes, although some statistics show more than 1 million tonnes. The country’s wheat production is unlikely to increase in the next few years due to water shortages. “I don’t see any room for improvement in production,” he said. Maize, which is used as livestock feed, is imported mainly from South America – Argentina and ...

출처: Oilworld