Three shiploads of Sorghum from the US, already on their way to China, have been diverted to Saudi Arabia by the seller after China, in the context of the trade dispute between the two largest economies in the world, demands from the importer a large security deposit.
The news agency Reuters reports today.
Three shiploads were delivered to Saudi Arabia for a price of 190 USD / tonne.
Twenty-two US-Sorghum ships have changed their course after Beijing announced punitive tariffs and is now demanding security from the importer.
China imports sorghum for use in feed or for brewing an alcoholic beverage.
Saudi Arabia is actually not a big buyer of millet (sorghum), but the world's tenth largest corn importer. The sorghum imports will probably mean that Saudi Arabia will have to import less corn. The Arabian country imports 4.5 million tonnes of corn this year.
