DUBAI: Saudi Arabia’s General Food Security Authority (GFSA) on Thursday issued an international tender to buy 480,000 tonnes of hard milling wheat for delivery in September and October 2023.
The deadline for submission of price offers is Friday June 2, the agency said. Traders said results are expected on Monday June 5.
The shipments will be distributed to three ports, with 120,000 tonnes to Jeddah, 180,000 tonnes to Yanbu and 180,000 tonnes to Dammam, the agency said.
Traders had been hoping that Middle East importer buying interest would be sparked after US wheat futures hit 2-1/2 year lows this week.
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The agency, previously called the Saudi Grains Organization (SAGO), was renamed in January as the General Food Security Authority.
In its previous reported tender on March 13, Saudi Arabia bought 1.043 million tonnes of wheat for July-August arrival.
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