HAMBURG: Saudi Arabia’s main state wheat buying agency the General Food Security Authority (GFSA) said on Monday it has purchased 804,000 metric tons of hard wheat in an international tender.
A statement from the GFSA confirmed earlier reports from grain traders that the purchase was well above the 595,000 tons sought in the tender.
The tender sought a series of consignments of 12.5% protein wheat for shipment to the ports of Jeddah, Dammam, Yanbu and Jizan for arrival between February and April 2025.
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Origins offered were the European Union, Black Sea region, North America, South America and Australia, with the sellers having the option of selecting the origin supplied, GFSA governor Ahmad Al-Fares said in a statement.
The GFSA said these purchases were made all in dollars a ton cost and freight (C&F) included, with the seller and the port and arrival period in Saudi Arabia:
Jeddah port:
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65,000 tons from Ameropa at $269.17 C&F (March 1 - 15)
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65,000 tons from Olam at $269.70 C&F (March 1 - 15)
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58,000 tons from Louis Dreyfus at $269.89 C&F (March 1 - 15)
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65,000 tons from Olam at $268.70 C&F (March 15 - 31)
Yanbu port:
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58,000 tons from Louis Dreyfus at $266.92 C&F (Feb. 15 - 28)
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60,000 tons from Cargill at $268.60 C&F (Feb. 15 - 28)
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60,000 tons from Viterra at $268.86 C&F (Feb. 15 - 28)
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58,000 tons from Louis Dreyfus at $268.32 C&F (March 1 - 15)
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65,000 tons from OLAM at $268.70 C&F (March 1 - 15)
Dammam (C&F):
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65,000 tons from Cargill at $262.52 C&F (Feb. 15 - 28)
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65,000 tons from Louis Dreyfus at $268.14 C&F (Feb. 15 - 28)
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65,000 tons from Cargill at $267.30 C&F (March 15 - 31)
Jizan Sea Port (C&F):
- 55,000 tons from Aston at $280.00 C&F (April 15 - 30)
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