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Saudi Grains Organization Awards Contract to Increase Strategic Stock

Saudi Grains Organization Awards Contract to Increase Strategic Stock

Tuesday, 21 June, 2022 - 07:30
Farmer Serhiy shows his grains in his barn in the village of Ptyche in eastern Donetsk region, Ukraine, Sunday, June 12, 2022. (AP)

The Saudi Grains Organization (SAGO) awarded a contract to import 625,000 tons of wheat from Europe, North and South America, and Australia.

SAGO Governor Ahmed al-Faris explained that contracting this batch is part of efforts to boost the strategic stock of wheat, maintain it at safe levels, and meet all needs.

Faris said this batch would arrive between September and November 2022.

Ten vessels carrying 63,000 tons will be unloaded at Jeddah Islamic Port, six shipments at Yanbu Commercial Port with 379,000 tons, two ships at King Abdulaziz Port in Dammam with 128,000 tons, and a ship at Jizan Port with 55,000 tons.

He continued that 24 international companies specialized in the grain trade had been invited to the tender, 13 of which were submitted, and three were awarded the lowest-priced offers for the required shipments.

SAGO had contracted to supply about 2.6 million tons of wheat between January and November 2022.

Faris stated that the organization had in mid-June started purchasing local wheat from farmers for the current season 2022 through the "My Harvest" platform.

The platform allows farmers to benefit from determining the location of the supply, booking appointments, and inquiring about the details of the shipments.

It also allows them to access the bank account after completing the supply process and without referring to the institution's branches.

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