Saudi Arabia secures its wheat needs until August 2022
Saudi Arabia has signed a contract to import 689,000 tonnes of wheat from the European Union, the Black Sea, Australia, and South and North America until the beginning of August 2022, to meet the Kingdom’s wheat demands.
In a statement released by the Saudi Press Agency (SPA), the General Organization for Grains in Saudi Arabia stated it has finished the procedures for awarding the seventh and last batch of imported wheat for the year 2021 AD, totaling (689,000) tonnes.
This is part of a strategy to strengthen the strategic wheat stock, keep it at safe levels, and meet all of the wheat companies’ needs. Wheat grinding mills
The average purchase price for a tonne of wheat, including transportation fees, was 365.14 dollars, according to the official website of the General Organization for Grains.
According to the Corporation, overall contracts for the acquisition of wheat have totaled (4.6) million tonnes since the beginning of 2021, including 576,000 tonnes of local wheat from Saudi farmers.
