Saudi Arabia To Tender For More Than 1MMT Wheat

Saudi Arabia may soon issue tenders for as much as 1.1mmt of wheat, according to media reports.

The Kingdom's own domestic wheat harvest may fall as low as 1.2mmt this season, down by around a third on last year.

This will mean that the country will need to import around 1.5mmt of wheat this year, the reports state.

Saudi Arabia expects to grow no wheat of its own domestically by 2016, and is actively looking to effectively grow all of its wheat requirement on contract abroad by then.