Saudi Arabia buys 545,000 tonnes of wheat

08.05.2018

The average purchase price was USD 247.84 per ton including shipping costs.

Saudi Arabia's state grain firm said on Monday it had bought 545,000 tonnes of wheat in a global tender.

The average purchase price was USD 247.84 per ton including shipping costs. The tender for wheat required to be 12.5 percent protein was closed on Friday and the firm requested shipments to arrive in Saudi Arabia in July and August.

Also, Iraq is seeking to buy 50,000 tonnes of Canadian, Australian or American wheat from a global tender, an Iraqi Trade Ministry source told Reuters on Monday.

The deadline for receipt of bids is May 14 and must be valid until May 20, the source said.

Earlier reported that Egypt bought 1.4 million tonnes of wheat from local farmers in the first 15 days of the supply season, Egyptian Supply Minister Ali al-Meselhi said on April 30.

The government says it aims to buy about 4 million tonnes of the current crop, which is due to end in July.

Egypt, the world's largest wheat importer, has said it will buy an additional 7 million tonnes from abroad in the fiscal year 2018-2019, which begins in July.


devdiscourse

Readers choice: TOP-5 articles of the month by UkrAgroConsult