Copyright © 2020 Zawya. SAGO, one of the world’s largest grain buyers, has until now controlled all the country’s wheat purchases. The Kingdom is likely to totally depend on wheat imports starting from 2016, says Waleed El-Khereiji, head of Grains and Silos Flour Management Organization (GSFMO). Comments may take up to an hour for moderation before appearing on the site. In MY2015/16, Saudi Arabia ended its domestic wheat production program that lasted for more than three decades. "SAGO feels more comfortable with the expertise of the private consortiums who are buying the mills but I’m sure there is a safety net of some large strategic reserves owned and operated by SAGO," he said. Is it too late to buy? Saudi Arabia is selling its entire flour milling business, a long-awaited privatisation that marks one of the first sales of the country's state-owned assets, part of broader plans to overhaul the economy. Imports of wheat and barley, meanwhile, are expected to increase. In order to protect local food processors and production from competitively priced imports, Saudi Arabia ties import duties to the level of local production of similar products. SAGO is the exclusive importer of subsidized food grade wheat in Saudi Arabia. In a top of most imported cereals rice places first, followed by barley, corn, and wheat. “SAGO’s original plan was to keep the wheat importation with them … their concern being having any shortages in the flour and bread markets,” Hesham Hassanein, a Cairo-based regional grains consultant, said. Saudi Arabia signed purchase contracts for 3.5 million tonnes of wheat for this marketing year, an 18% increase over the previous year, the USDA said. All Rights Reserved. Raoul Becker, manager of the "Moulin de Hurtigheim" flour mill, checks the grinding of bread wheat at his mill in Hurtigheim near Strasbourg, France, July 26, 2016. © 2020 Financial Post, a division of Postmedia Network Inc. All rights reserved. Imports of wheat flour 1kg in USA Manufacturers of wheat flour 1kg Buyers of wheat flour 1kg in USA. Access the most comprehensive database of companies and officers in the Middle East and North Africa, covering all major sectors and industries, from Refinitiv. SAGO relaxed its bug-damage specifications for wheat ⦠"SAGO's original plan was to keep the wheat importation with them ... their concern being having any shortages in the flour and bread markets," Hesham Hassanein, a Cairo-based regional grains consultant, said. Screen, analyze and compare projects in the Middle East and North Africa across Infrastructure, Real Estate, Industrial and Energy sectors with Refinitivâs Eikon. With substantial amounts of meat, milk, and eggs, Saudi Arabia is now completely self-sufficient in a numbe⦠The result has been a phenomenal growth in the production of all basic foods. During the first quarter of this marketing year, Refinitiv trade flow models noted a 30 percent fall in wheat imports to Kenya. You can change your cookie settings through your browser. Saudi Arabiaâs exceptions include 758 products that may be imported duty-free, including aircraft and most livestock. “SAGO feels more comfortable with the expertise of the private consortiums who are buying the mills but I’m sure there is a safety net of some large strategic reserves owned and operated by SAGO,” he said. The organization imports mainly hard wheat directly through public tenders open to registered international exporters, the FAS said. The country wants to reduce its dependency on barley in animal-feed grains, of which it is the worldâs largest importer, and plans to use feed wheat as well, he said. If you don't see it please check your junk folder. In MY2016/17, Germany was the leading wheat supplier to Saudi Arabia, with 47.2 percent of the market and exports of more than 1.7 million MT. depends entirely on wheat imports to meet local wheat consumption demand. These are customs duty and value-added tax, which are charged on every import. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. “The wheat purchase price is a very big factor in the profit margins of flour mills,” a German trader said. Wheat imports are expected at a slightly belowâaverage level of 3.2 million tonnes, while rice imports are forecast at an average level of about 1.3 million tonnes. We encountered an issue signing you up. Saudi Arabia liberalizes wheat imports for flour mills, tap here to see other videos from our team. Saudi Arabia abandoned a 30-year programme to grow its own wheat in 2008 to preserve water and has since been purchasing the grain from international suppliers. 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