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Total Saudi wheat imports for 2024/25 are forecast to reach 4.25 MMT, an increase of 2 percent over marketing year (MY) 2023/24.
With the development of several billion-dollar projects and nearly 30 million visitors a year, the future for U.S. grain exports is bright. Post anticipates Saudi rice imports to increase approximately five percent over the next several years due to expansions in the food service sector.
The General Food Security Authority (GFSA), an agency of the Saudi Ministry of Environment, Water and Agriculture (MEWA), purchased approximately 1.2 million metric tons (MMT) of locally produced wheat in MY2022/23.
Recent available data indicates that Saudi Arabia imported approximately 2.7 million metric tons (MMT) of barley in the first six months of MY 2022/23 (July – December 2022), an increase of approximately 11% compared to the same period last year (2.46 MMT).
Saudi Arabia’s barley imports for the first six months of MY 2022/23 (July – Dec. 2022) are estimated at 2.6 million metric tons (MMT), an increase of six percent compared to the same period last year. Post’s current projection for total barley imports for MY 2022/23 is 4.5 MMT, which is a decrease of four percent compared to the USDA official estimate of 4.7 MMT. Unless the price of barley drastically decreases, Post anticipates demand will remain low throughout MY 2022/23.
High cost and freight (CFR) world barley prices have drastically reduced the demand for barley in Saudi Arabia, and contributed to the increased demand for domestically processed animal feed. For MY2021/22, Post projects total Saudi barley imports at...
Saudi Arabian barley imports totaled approximately 2.63 million metric tons (MMT) during the eight months of the marketing year (MY) 2021/2022, which is a decrease of approximately 41 percent compared to the same time period last year.
The Saudi Grains Organization (SAGO) projects domestic wheat production at 700,000 metric tons (MT) in MY 2021/2022, up approximately 17 percent from USDA’s official estimate of 600,000 MT. Experts anticipate local domestic wheat production could reach 1 million metric tons (MMT) in MY 2022/2023 to offset expected import delays from Russia and Ukraine as a result of the ongoing war.
Saudi Arabia’s barley imports for the first six months of Marketing Year (MY) 2021/22 is estimated at 2.36 million metric tons (MMT), a 41 percent decrease compared to the same period last year.
Saudi Arabia’s barley imports for the first six months of MY2021/22 (July – Dec. 2021) is estimated at 2.8 million metric tons (MMT), a reduction of 30 percent compared to the same period last year.
On April 15, 2021, the Saudi government represented by the Saudi Grains Organization (SAGO) handed back the barley imports and distribution business to the private sector by selling 1.84 million metric tons (MMT) of barley through an open and competitive bidding process to six local grain traders.
On April 15, 2021, the Saudi government fully implemented its November 2020 decree to privatize the barley import sector.