Saudi Arabia’s state grain buyer SAGO on Monday said it bought 60,000 tonnes of Ukraine wheat from investment firm SALIC, marking its first purchase from agricultural investments overseas aimed at enhancing the country’s food security.
The Ukraine wheat cargo was bought at $248 a tonne, after the kingdom asked Saudi private investors with farmland overseas on April 6 to supply it with around 10% of its local needs this year.
The Saudi call comes as regional food importers scramble to beef up reserves as coronavirus lockdowns up-ended supply chains
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