Saudi Arabia buys about 920,000 metric tons of wheat in tender
Saudi Arabia’s General Food Security Authority (GFSA) has purchased 920,000 metric tons of wheat in an international tender, exceeding the initial 595,000 tons sought. The wheat was acquired at an average price of $276.37 per ton (cost and freight), confirming earlier trader reports.
HAMBURG: Saudi Arabia’s main state wheat buying agency, the General Food Security Authority (GFSA), has purchased about 920,000 metric tons of wheat in an international tender, it said on Monday.
This was above the 595,000 tons from sought in the tender, it said.
The wheat was bought at an average price of $276.37 a ton cost and freight (c&f), the agency said, confirming previous reports from traders.
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Source : Business Recorder
