The Saudi Grains Organization (SAGO) has completed procedures for the fifth tender of imported wheat for this year (2022), which is (566,000 MT) of wheat from the origins of Europe, North and South America, Australia and the Black Sea. Governor of SAGO Eng. Ahmad A. Al-Fares said in a statement today that the Kingdom's ports continue to receive the contracted wheat shipments according to the approved supply schedules. He also pointed out that the contracting of this shipment comes within the framework of maintaining the strategic stocks of wheat at safe levels and meeting the demand from the milling companies. Eng. Al-Fares added that the fourth batch of imported wheat will be supplied during (March-April 2023) in (9) shipments, which will be distributed to (3) shipment for Jeddah Islamic Port with the amount of (195,000 MT), (3) shipments for Yanbu Commercial Port with the amount of (191,000 MT), (2) shipments for King Abdulaziz Port in Dammam with the amount of (125,000 MT) and (1) shipment for Jazan Port with the amount of (55,000 MT). As many as 10 of global companies, specialized in grain trade, competed to supply the amount to be imported and (4) companies that submitted offers with the lowest rates of shipments were selected. He lastly noted that the reception of local wheat from farmers for the current agricultural season will end on Thursday the 27th of October 2022, and that (536,000 MT) have been received as part of the Organization's plan to diversify the wheat sources and maintain its strategic stocks.
