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Ag News
Fight begins to supply wheat to Saudi Arabia
Published Thursday, December 24, 2009 at 10:16 AM
To help meet the competition, USW conducted a seminar in Riyadh, Saudi Arabia, to introduce U.S. Wheat and the U.S. marketing system to the Saudi Arabian wheat buying organization, Grain Silos and Flour Mills Organization. The seminar was the first ever held exclusively with this new international wheat buyer. The seminar was designed to build confidence in U.S. wheat crop quality, handling, and commercial reliability.
Competition for this market is tough, especially from north of the U.S. border. The Canadian Wheat Board monopoly is allowing select traders to offer comparable quality Canadian wheat at delivered prices well below what U.S. exporters can offer. Prior says, - establishing the value of U.S. wheat with GSFMO is critical. Saudi Arabia purchased almost 60-thousand metric tons or 2.2 million bushels of U.S. hard red winter wheat in marketing year 2008-2009.
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