RIYADH: Saudi Arabia plans to import 307,000 tonnes of wheat this year, according to a report from the Saudi Press Agency (SPA) on Monday. This initiative is part of the Kingdom’s strategy to maintain its strategic wheat reserves at adequate levels and meet the needs of milling companies.
Ahmad Al-Fares, Governor of the General Food Security Authority (GFSA), stated that the imports are essential for ensuring food security in the Kingdom. The wheat sourced through this import initiative will help stabilise supply chains and support local food production.
The latest tender granted for these imports marks the fourth such undertaking. Al-Fares revealed that the wheat will be procured from various regions, including the European Union, North and South America, Australia, and the Black Sea.
The contracted shipments are set to arrive in Saudi Arabia between December 2024 and January 2025. This timeline allows for adequate preparation and distribution to meet the Kingdom’s milling requirements effectively.
By maintaining these strategic reserves, Saudi Arabia aims to safeguard its food security and ensure a reliable supply of wheat for its population.