SAGO buys over 34K tons of wheat worth $16m from local farmers
The Saudi Grains Organization paid SR60.9 million ($16.2 million) to 104 local farmers following the procurement of 34,489 tons of wheat, said a SAGO statement.
The organization allocates a certain quantity of wheat to be purchased by local farmers every season. During the current wheat season, SAGO spent SR654 million to purchase local produce.
It is part of the government’s initiative to ensure food security and support local farmers.
Read also
Shutdown of Odesa ports threatens Ukraine with up to 1.5% GDP loss and grain stora...
Grain exports are getting harder, but Russia more than doubles wheat export duty
Coming Up in UkrAgroConsult Reports: Key Market Signals
Russia accuses Ukraine of causing ‘chaos’ in global food markets
Global wheat trade shifts as Black Sea disruptions reshape supply and demand
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon