Kazakhstani grain may enter Saudi Arabia’s market

22.11.2016

Saudi Arabia intends to import Kazakhstani grain in case of cost-efficient logistics, said Batyr Batyrshayev, Kazakhstan’s Extraordinary and Plenipotentiary Ambassador to Saudi Arabia and concurrently to the Kingdom of Bahrain.

Saudi Arabia annually spends about $22 Bl on food imports. The Kingdom is interested in Kazakhstani grain due to its high quality, UkrAgroConsult reports.

However, high transport costs are still a grave obstacle. The leaders of Kazakhstan and Saudi Arabia have assigned a task to find ways for optimizing transport logistics.

The Kazakhstan – Turkmenistan – Iran railway with access to the Iranian Gulf port of Bandar - Abbas is meant to play an important role in this process.

In addition, Saudi Arabia may become an important destination market for meat exports from Kazakhstan. Meat imports are temporarily banned now, but prerequisites exist that this ban will shortly be lifted.

Further prospects of the Black Sea grain market in the upcoming 2017/18 season will be discussed at the XIV International Conference “Black Sea Grain: Wind of Change”, which will take place on April 5-6, 2017 in InterContinental hotel, Kiev, Ukraine.

Black Sea Grain conference is large international platform, offering high quality market analysis and networking opportunities for the global leaders of grain and oilseed industry. The event is annually attended by over 800 agribusiness representatives from more than 400 companies and 50 countries worldwide.

 

UkrAgroConsult

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