Saudi Arabia witnesses increase in imports from Australia
(MENAFN)One of the world’s main markets for grain, Saudi Arabia witnessed a raise in imports from Australia.
Australian barley farmers concentrated their attention on Saudi Arabia, after a recent copious harvest season.
Bloomberg quoted Andrew Whitelaw, an agricultural analyst at Thomas Elder Markets as saying that “For the first time in about five years, Australia has meaningfully broken into the Saudi market, beating usually fierce competition from other suppliers, and there are signs that sales will continue at least until the middle of the year.”
Whitelaw further stated that “We lost China, “adding “If you look at the last three tenders in a row, we got the lion’s share of most of that ... In terms of volumes to Saudi Arabia, we’re getting more than anyone else.”
To become more independent, AlRaha AlSafi Food Company in January announced the USD540 million gaining of the First Milling Company (MC-1).
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