Saudi Arabia's SAGO buys 660,000 T barley at average price of $277.65/T

SAGO said in November that the Saudi private sector would be allowed to import barley into the kingdom

  

DUBAI - The Saudi Grains Organization (SAGO) has bought 660,000 tonnes of animal feed barley from global suppliers at an average price of $277.65/tonne for delivery in March and April, the kingdom's main state grains buying agency said on Monday.

Details below were given by SAGO Governor Ahmad Al Fares. The prices are listed in dollars per tonne on a cost and freight (C&F) basis, with delivery periods between brackets:

Red Sea Ports (C&F): 60,000 tonnes from Viterra at $275.84 C&F (March 15-31) 60,000 tonnes from Viterra at $276.79 C&F (March 15-31) 60,000 tonnes from Viterra at $278.49 C&F (March 15-31) 60,000 tonnes from Aston at $279.00 C&F (March 15-31) 60,000 tonnes from Viterra at $279.44 C&F (March 15-31) 60,000 tonnes from Cofco at $274.67 C&F (April 1-15) 60,000 tonnes from CBH Grain at $279.64 C&F (April 1-15) 60,000 tonnes from Bunge at $279.67 C&F (April 1-15)

Gulf Ports (C&F): 60,000 tonnes from Viterra at $276.37 C&F (March 15-31) 60,000 tonnes from GrainCorp at $277.00 C&F (March 15-31) 60,000 tonnes from Viterra at $277.27 C&F (April 1-15)

SAGO said in November that the Saudi private sector would be allowed to import barley into the kingdom.  

In its last barley tender on Nov. 16, SAGO purchased around 730,000 tonnes at an average price of $234.83 a tonne C&F.  

(Reporting by Maher Chmaytelli and Michael Hogan; Editing by Himani Sarkar and Edmund Blair) ((maher.chmaytelli@thomsonreuters.com;))

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