Saudi Arabia's SAGO buys 1.08 mln T of barley

The barley was purchased at the average price of $198.81 a tonne

  
Image used for illustrative purpose. Barley are seen at a threshing floor at a collective farm in the village of Krutilovichi, southwest of Minsk, July 20, 2014.

Image used for illustrative purpose. Barley are seen at a threshing floor at a collective farm in the village of Krutilovichi, southwest of Minsk, July 20, 2014.

REUTERS/Vasily Fedosenko

DUBAI/HAMBURG  - Saudi Arabian state buyer SAGO on Monday said it had bought 1.08 million tonnes of feed barley at its latest international purchasing tender.

The barley was purchased at the average price of $198.81 a tonne, it said.

The origin is from Australia, the European Union, Black Sea, South America and North America, except for Canada, at the seller's option.

The barley is to arrival in periods between August and September, SAGO governor Ahmed al-Fares said in a statement.

The barley will be sent over 18 consignments, with 780,000 tonnes to Red Sea ports and 300,000 tonnes to Gulf ports.

The statement gave the following breakdown of the purchase:

Red Sea Ports (prices in cost and freight (C&F) and arrival periods in brackets):

-60,000 tonnes from Glencore at $194.79 C&F (Aug. 15-30)

-60,000 tonnes from Glencore at $195.17 C&F (Aug. 15-30

-60,000 tonnes from Glencore at $195.36 C&F (Aug. 15-30)

-60,000 tonnes from Glencore at $195.54 C&F (Aug. 15-30)

-60,000 tonnes from Glencore at $195.87 C&F (Sept. 1-15)

-60,000 tonnes from Glencore at $196.32 C&F (Sept. 1-15)

-60,000 tonnes from Glencore at $196.46 C&F (Sept. 1-15)

-60,000 tonnes from Glencore at $196.69 C&F (Sept. 1-15)

-60,000 tonnes from Solaris Commodities at $198.76 C&F (Sept. 1-15)

-60,000 tonnes from Glencore at $197.54 C&F (Sept. 15-30)

-60,000 tonnes from Glencore at $197.71 C&F (Sept. 15-30)

-60,000 tonnes from Glencore at $198.09 C&F (Sept. 15-30)

-60,000 tonnes from Glencore at $198.57 C&F (Sept. 15-30)

Gulf Ports (C&F):

-60,000 tonnes from Glencore at $202.98 C&F (Aug.15-30)

-60,000 tonnes from Lecureur at $206.95 C&F (Aug. 15-30)

-60,000 tonnes from Glencore at $202.77 C&F (Sept.1-15)

-60,000 tonnes from Glencore at $203.14 C&F (Sept.1-15)

-60,000 tonnes from Glencore at $205.82 C&F (Sept.15-30)

(Reporting By Maha El Dahan in Dubai and Michael Hogan in Hamburg Editing by David Goodman) ((Maha.Dahan@thomsonreuters.com; + 9712 4082101; Reuters Messaging: maha.dahan.thomsonreuters.com@reuters.net))

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