Saudi Arabia is liberalizing its wheat imports

Yesterday, the Saudi grain trading company SAGO commented on the powers of the privatized mill companies. Accordingly, the mill operations will be able to independently import wheat from the world market in the future.
Saudi Arabia is currently selling its entire mill business. With the privatization of this branch, the decision to implement a comprehensive economic reform will be implemented. At the beginning of July, the mill operations were started to be sold.
SAGO, one of the largest grain buyers in the world, had previously made all grain imports for his country. For the mill operations, the purchase price was always the most important factor in their balance sheet. Now the mills themselves should be allowed to act as buyers on the world market. They automatically become attractive customers for providers from the surplus regions of the world.
The privatization had awakened the interest of some of the world's largest agricultural trading companies at an early stage. ADM and Bunge wanted to bid on the mill operations. However, they have now been removed from the list of bidders.
Saudi Arabia decided in 2008 to stop growing wheat in its own country to save water.Since then, the country has been dependent on grain deliveries on the world market.

Hansa Terminhandel GmbH
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich