SAGO issues tender to import 556k metric tons of wheat

The Saudi Grain Organization has issued its fourth tender for the year 2022 to import as much as 556,000 metric tons of wheat, according to a statement.

Wheat will be imported from Europe, North and South Americas, Australia and the Black Sea region.

The consignment will be distributed in nine shipments. Three vessels will arrive at the Jeddah Islamic Port with 185,000 MT of wheat, three ships are scheduled to dock at the Yanbu Commercial Port carrying 191,000 MT of the grain.

In addition, two ships will arrive at the King Abdul Aziz Port in Dammam, with an amount of 125,000 MT, and another ship will supply the consignment via the port of Jazan.

Twenty-four global companies have expressed interest in carrying out the transaction.

The authority will continue to receive local wheat from farmers until the end of October 2022.

The latest tender is part of the organization’s plan to maintain strategic stocks of wheat and meet the demand from milling companies, SAGO Gov. Ahmad Al-Fares said.

Tags: Saudi Arabia, wheat, tender