Saudi Arabia buys 300,000 metric tons of wheat in tender, GFSA says

Saudi Arabia’s main state wheat buying agency, the General Food Security Authority (GFSA), said on Monday it has purchased 300,000 metric tons of wheat in a tender. The purchase involved hard wheat with 12.5% protein content for arrival in Saudi Arabia in February and April 2026, the agency said. Origins offered were the European Union, Black Sea region, North America, South America and Australia with the sellers having the option of selecting the origin supplied, GFSA Governor Ahmad Al-Fares said in a statement. European traders expected the wheat to be sourced from the Black Sea region including Russia and Romania, although some cheap new crop wheat from Argentina could also be supplied. “Prices awarded look aggressively low, around $7 to $8 a ton below replacement prices in the market, possibly showing anticipation prices could fall in the first quarter of the new year because of large global wheat supplies,” one trader said. The GFSA said the following purchases were made all ...