A cut in local production could see Saudi Arabia issue two tenders for a total of 1.1 million metric tons of in coming months.
A cut in local production could see Saudi Arabia issue two tenders for a total of 1.1 million metric tons of in coming months, according to the US Department of Agriculture (USDA). Findings from a survey indicated that the Kingdom"s wheat harvest could drop 29 percent this year to just 1.2million tons, a report on Bloomberg said. The situation means the country will import 1.5 million tons of wheat this year, the department said in a report on the Middle Eastern country.
Grain will be imported from countries such as Australia, US and Argentian, according to the USDA.
The cut in Saudi wheat production is part of a plan to end all local wheat production by spring 2016.
Barely import may also be boosted by 10 percent to 8 million tons by the end of June as a result of rising demand and government subsidies.
Canada and Germany, have already won a tender for 385,000 tons of wheat due for import in the next few months, it added.