Saudi Arabia has purchased 725 thousand tons of wheat

2016-12-12 13:41:43
Machine translation
Saudi Arabia has purchased 725 thousand tons of wheat

Agency of Saudi Arabia for the purchase of grain SAGO held an international tender for the purchase of 715 thousand tons termoservice wheat with protein content of 12.5%.

 

At the end of trading were concluded agreements for the purchase of 12 shipments of wheat, which is 725 thousand tons

  • 370 thousand tonnes from Glencore at a price 205,15-211,4 $/t on the basis of C&F
  • 355 thousand tonnes from Louis Dreyfus at a price 208-211,97 $/t on the basis of C&F.

 

the Grain should be delivered in the period February 1-April 10, 2017.

 

According to traders, the manufacturers of the purchased wheat are the EU, North America (including USA) and South America. There are doubts about the availability of Australian seed.