SAGO completes tender for wheat imports
Published by Lydia Woellwarth,
Editor
Dry Bulk,
Saudi Grains Organization (SAGO) has completed procedures for the fifth tender of imported wheat for this year, which is 382 000 t of wheat from the origins of the European Union, the Black Sea, Australia, North and South America.
His Excellency Eng. Ahmad A. Al-Fares, Governor of Saudi Grains Organization (SAGO), said in a statement today that contracting this shipment comes within the framework of meeting the milling companies’ demand for wheat and maintaining the strategic reserve at safe levels. This batch of imported wheat will be supplied during November 2021 and distributed to distributed to six shipments; two shipments for Jeddah Islamic Port with the amount of 129 000 t, three shipments for Yanbu Commercial Port with the amount of 188 000 t and one shipment for King Abdulaziz Port in Dammam with the amount of 65 000 t.
H.E. stated 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 the offers which had the lowest rates of shipments were selected.
With the completion of the fifth tender for this year, SAGO has contracted to import approximately 2 million t of wheat since the beginning of the year. Noting that SAGO has also purchased until this date 553 000 t of local wheat from farmers.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/13092021/sago-completes-tender-for-wheat-imports/
You might also like
Lomar takes bulker investment to US$127 million inside a year
Lomar Shipping has announced its acquisition of another dry bulk vessel, making that its ninth acquisition in the space of a year.