SAGO receives vessel of wheat from Australia
Published by Lydia Woellwarth,
Editor
Dry Bulk,
Saudi Grains Organization (SAGO) announces that it has received in its plant at King Abdulaziz Port in Dammam the first vessel of wheat for this year (2021) weighing 60 000 t produced by the Saudi Agricultural and Livestock Investment Company (SALIC) in Australia. This amount represents the first batch of the contracted amount which is 355 000 t of wheat produced by SALIC investments abroad.
His Excellency Eng. Ahmad A. Al-Fares, Governor of SAGO, stated that SALIC’s commitment to deliver the first vessel on schedule reflects the success of allocating 10% of SAGO’s annual purchases of wheat to Saudi investors abroad, adding that this shipment is the second since SAGO imported in 2020 SALIC’s first wheat shipment from its investments in Ukraine via Jeddah Islamic Port. H.E. also said that in 2021, SAGO will import 355 000 t of wheat from SALIC which will be distributed to six vessels; three to King Abdulaziz Port in Dammam, two to Jeddah Islamic Port and one to Jizan Port. He noted that this comes within the framework of the government’s direction towards benefiting from the Saudi agricultural investments abroad to meet the Saudi market’s needs. It also comes within the framework of the Agricultural Investment Program that represents one of the Kingdom's Food Security Strategy programs, which aims to diversify and stabilise the sources of imported food supplies.
H.E. added that SAGO is keen to diversify the imported wheat resources through international tenders in which all wheat exporting origins in the world compete. In addition to purchasing local wheat from farmers as part of the regulations to stop the local cultivation of green fodder, which its targeted amount has been raised as of the next season to 1.5 million tpy as well as the tenders specified for Saudi investors abroad, for which 10% of annual wheat purchases are allocated.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/29062021/sago-receives-vessel-of-wheat-from-australia/
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