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Markets

Saudi Arabia buys 1,353,000 tons of wheat in tender

Published December 18, 2023 Updated December 18, 2023 01:52pm
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DUBAI: Saudi Arabia bought 1,353,000 metric tons of wheat in a tender, the General Food Security Authority (GFSA) said on Monday.

The shipments are due for arrival in Saudi Arabia between February and May 2024, GFSA said.

The tender had sought hard wheat with 12.5% protein content and closed on Friday.

Paris wheat futures rise

Origins offered were the European Union, Black Sea region, North America, South America and Australia with the seller having the option of selecting the origin supplied, GFSA Governor Ahmad Al-Fares said in a statement.

Comments

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Aam Aadmi Dec 18, 2023 06:54pm
In addition to oil, should we not beg for some wheat from the 'brotherly Muslim country'? There should be no harm in doing that since chronic beggars we are.
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