Saudi Arabia buys feed barley very cheaply

Saudi Arabia's state grain trader SAGO today bought 1.02 million tonnes of feed barley in an international bidding process.
The average purchase price is $ 266.83 / tonne c & f and barley from the European Union, Australia, the Black Sea and North and South America were offered. However, Canadian barley was not allowed to be offered.
All deliveries except a 60,000 tonne quantity are supplied by Glencore.
Delivery dates are from 1 to 30 January 2019.
Traders said that the prices are very cheap for the buyer and that it is a super success for Glencore.

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