Saudi Arabia’s SAGO buys 620,000 tonnes hard wheat

 02 May 2016 - 10:10

Saudi Arabia’s SAGO buys 620,000 tonnes hard wheat


ABU DHABI: Saudi Arabia’s state grain buyer bought 620,000 tonnes of hard wheat in a tender, it said on Monday.
The wheat purchased was of European, North and South American and Australian origin at the seller’s option, Ahmad al-Fares, director of the Saudi Grains Organisation (SAGO), said in a statement.
The tender had been for wheat with 12.5 percent protein content and for shipment in July and August.
The wheat was purchased in 10 consignments for shipments to the ports of Jeddah, Dammam and Jizan, Fares said.
Of the total, 370,000 tonnes are for Jeddah port, 195,000 tonnes for Dammam and 55,000 tonnes for Jizan.
The statement gave the following breakdown of the purchase, with prices in dollars per tonne and shipment periods in brackets:

Jeddah Sea Port

•    65,000 tonnes hard wheat from ADM Hellas at $212.42 cost and freight (C&F) (July 1-10)
•    55,000 tonnes hard wheat from Casillo Commodities at $211.99 C&F (July 10-20)
•    65,000 tonnes hard wheat from Glencore Grain at $214.61 C&F (July 20-30)
•    60,000 tonnes hard wheat from Baywa at $214.00 C&F (August 1-10)
•    65,000 tonnes hard wheat from Cargill at $211.95 C&F (August 10-20)
•    60,000 tonnes hard wheat from Union Invivo at $209.47 C&F (August 20-30)

Dammam Sea Port
•    65,000 tonnes hard wheat from ADM Hellas at $219.72 C&F (July 1-10)
•    65,000 tonnes hard wheat from Glencore Grain at $218.61 C&F (July 20-30)
•    65,000 tonnes hard wheat from Olam at $216.44 C&F (August 10-20)

Jazan Sea Port
•    55,000 tonnes hard wheat from Soufflet Negoce at $219.50 C&F (July 20-30)

REUTERS