Sudan Bids to Import Flour, Wheat

Supporters gather outside the National Prison during the release of politicians and journalists, after demonstrations in Khartoum, Sudan February 18, 2018. REUTERS/Mohamed Nureldin Abdallah
Supporters gather outside the National Prison during the release of politicians and journalists, after demonstrations in Khartoum, Sudan February 18, 2018. REUTERS/Mohamed Nureldin Abdallah
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Sudan Bids to Import Flour, Wheat

Supporters gather outside the National Prison during the release of politicians and journalists, after demonstrations in Khartoum, Sudan February 18, 2018. REUTERS/Mohamed Nureldin Abdallah
Supporters gather outside the National Prison during the release of politicians and journalists, after demonstrations in Khartoum, Sudan February 18, 2018. REUTERS/Mohamed Nureldin Abdallah

The Ministry of Finance and Economic Planning launched Sunday an open tender on the supply of 500,000 tons of wheat and flour, in response to a wave of protests Sudan witnessed in the past days.

Days earlier, Sudan's Prime Minister Moataz Moussa announced budget 2019 that encapsulates subsidies allocations of SDG66 billion (USD1.4 billion) and SDG53 billion out of them are for bread and fuel.

Sources told Asharq Al-Awsat newspaper that the wheat and flour bid is meant to calm protesters and easing living conditions that are affected by bread prices and scarcity of wheat.

Economist Prof. Mohamed Jack Ahmad told Asharq Al-Awsat that the success of the public budget is hinged to negative economic indicators including the inflation rate, foreign currencies exchange, the rise of services and commodities prices, and the recession in Sudanese markets.

Director-General of the Agricultural Bank of Sudan Salah al-Din Hassan said that the amount of the tender is to be determined later after the closing date of submission, pointing out that the last tender for the supply of wheat issued by the Ministry of Finance was about two years ago.

Former deputy minister of foreign trade and former official of the wheat file Al-Kindi Yusuf pointed out that the scarcity of strategic commodities, including wheat and bread flour, has become a phenomenon associated with the economies of developing countries, which is always paid to plan for self-sufficiency.

Yusuf pointed out that the tender for wheat and bread flour at this particular time means that the government has renewed the support that stopped the commodity to absorb the political turmoil caused by citizens in protest against the high prices of bread.



GASTAT: Saudi Non-Oil Exports Rose by 13.1% in 2024

General Authority for Statistics (GASTAT) logo
General Authority for Statistics (GASTAT) logo
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GASTAT: Saudi Non-Oil Exports Rose by 13.1% in 2024

General Authority for Statistics (GASTAT) logo
General Authority for Statistics (GASTAT) logo

Saudi Arabia’s General Authority for Statistics (GASTAT) said in the 2024 International Trade Statistics Bulletin that there was an 13.1% increase in non-oil exports (including re-exports) compared to 2023.

However, total merchandise exports declined by 4.5% year-on-year, while imports rose by 12.5% in 2024.

According to the bulletin, the ratio of non-oil exports (including re-exports) to imports increased to 35.3% in 2024, up from 35.1% in 2023.

Meanwhile, the share of oil exports in total exports decreased from 77.3% in 2023 to 73.1% in 2024.

The bulletin showed that “chemical industry products” topped the list of non-oil exports, accounting for 25.5% of the total, while “machinery, electrical equipment, and parts” led imports with a 25.3% share.

China remained Saudi Arabia’s top trading partner in merchandise trade, accounting for 15.2% of total Saudi exports in 2024, while imports from China accounted for 23.9% of the Kingdom’s total imports during the same year.