Thursday, February 25, 2021

Saudi Arabia To Import Wheat From Saudi-Owned Farms In Australia, Canada, and Ukraine

And they said I was mad contemplating farmland in Ukraine.*

From Reuters via Al-Arabiya, February 22:

Saudi Arabia to import wheat from Saudi farms abroad for delivery later this year 

Saudi Arabia’s state grain buyer SAGO said on Monday it has agreed to import 355,000 tonnes of wheat at an average price of $330.04 per tonne from Saudi Arabian-owned farms in Australia, Canada and Ukraine for delivery from May to December 2021.

SAGO had not issued an international tender for wheat.

SAGO governor Ahmad A. Al Fares said in a statement that the Saudi Agricultural and Livestock investment company (SALIC) won a tender to supply hard wheat of 12.5 percent from Saudi investments abroad.

The purchase “comes within the framework of the state’s trend to benefit from these investments, and it is also in line with the kingdom’s agricultural
investment program abroad, representing one of the multiple food security programs, aimed at diversifying sources of foreign food supplies,” SAGO said.

SALIC was formed to secure food supplies for the desert kingdom through mass production and foreign investments....

....MORE

HT: Farmlandgrab

*Previously on Ukraine farmland: 

Okay Kids: Here's One Of The Reasons We Had That Whole Ukraine Maidan 2014 Revolution Thingy 

Who Owns Ukraine's Farmland? 

Why Was The American Government Training Neo-Nazis In Ukraine? 

"Fields of Gold: Financing the Global Land Rush"