Barley pricing saudi on the rise as well

[malleefarmer]

#Saudi Grains Organization (#SAGO) booked 960,000 MT of Feed #Barley, at an average price of $243.47 PMT for April - May 2018 deliveries.
(+12.3% compared to the previous booking).

25 companies were invited to the tender, 16 participated, and only 6 got the award.

$27US above last tender

[farmaholic]

Maybe our GrainCos could reject more delivered malt to help fill the orders.

Saudi = G3, any funny business happening there with malt?

[bucket]

SALIC is the company that owns G3.

Saudi Arabia will be buying grain after shitcanning their desalination irrigation projects....

[farmaholic]

Did Salic get a tender? Saudi Saudi, potato potato, tomato tomato. 😉

[bucket]

True.

[farming101]

I don't know but am guessing Canada didn't get in on that deal.
Some was sent last Ap/May when prices were lower.
Can't match that price now when ocean freight factored in. Majority of exports going to China

[Klause]

All the barley G3 buys goes out by truck to feedlots.



Too far away/too expensive. Black Sea and Aussie barley flooding into that market.

[farming101]

Since 2011 and with the exception of 2015 Argentina has sent lots of barley to Saudi Arabia as well

[malleefarmer]

West australia has huge advantage going into middle east but not sure were the barley origin was.