SAGO completes procedures for tender of imported wheat

His Excellency Eng. Ahmad A. Al-Fares, Governor of SAGO, said in a statement that contracting this shipment comes within the framework of meeting the milling companies’ demand for wheat and maintaining the strategic reserve at safe levels. As SAGO has been able, with the State’s support, to secure the Kingdom’s needs of wheat until August 2022.

H.E. added that this batch of imported wheat will be supplied during July 2022 and distributed to 11 shipments; three shipments for Jeddah Islamic Port with the amount of 186 000 t, five shipments for Yanbu Commercial Port with the amount of 314 000 t and three shipment for King Abdulaziz Port in Dammam with the amount of 189 000 t. Noting that 24 qualified global companies specialised in grains trade were invited to the tender; 13 of them competed to supply the amount to be imported and four companies that submitted offers which the lowest rates of shipments were selected.

With the completion of the seventh tender for this year, SAGO has contracted to import approximately 4 million t of wheat since the beginning of the year. SAGO has also purchased 576 000 t of local wheat from farmers for this season, making SAGO’s wheat purchases reach 4.6 million t; 2 million t of which will be supplied during the coming year.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/08122021/sago-completes-procedures-for-tender-of-imported-wheat/