SALIC wants to act as a “guide” for Russian grain on the global market
SALIC (Saudi Agricultural and Livestock Investment Company) is exploring investment opportunities in Russia, but it sees greater value in promoting Russian wheat on global markets, the company’s CEO Suleiman Al-Rumai said on Friday at a grain conference in Sochi, Reuters reported.
“We are in serious talks on individual projects. For us, it’s a matter of time,” Al-Rumai said.
He noted that Russia accounts for about 50% of Saudi Arabia’s wheat imports, which “indicates the high competitiveness of Russian companies.” He said that with SALIC’s support, Russian suppliers could more actively enter the Middle East and Africa.
“I believe that we will bring more benefit [to Russia] by being the leader of its grain on the global market,” he said.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Registration for BLACK SEA GRAIN.KYIV goes on – join with Early Ticket by Ja...
Dry weather hits Argentina’s corn crop
Spain cuts orange supplies due to low harvest
Oilseed processing in Ukraine has reached its peak in recent years thanks to expor...
China Updates Registration Rules for Foreign Food Manufacturers
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon