Latest news with #GeneralFoodSecurityAuthority
Leaders
4 days ago
- Business
- Leaders
GFSA Governor Reviews Wheat Supply Readiness in Makkah Region
Ahmed Al-Faris, Governor of the General Food Security Authority (GFSA), conducted an inspection tour of the National Grain Supply Company (SABIL) facilities in Jeddah and Al-Jumum, within the Makkah Region, to evaluate their preparedness in meeting the wheat supply demands of flour mills ahead of the 1446 Hajj season. During the visit, officials reviewed operational plans approved for the Hajj period, current wheat stock levels, and measures in place to swiftly respond to flour milling companies' requests. Governor Al-Faris affirmed that the daily output of flour mills in Jeddah, Al-Jumum, and Madinah sufficiently covers consumption needs. He also highlighted that strategic reserves have been established, with over 600,000 tons of wheat and 935,000 bags of flour (each 45 kilograms) stockpiled across SABIL branches and milling companies in Makkah and Madinah, all ready for immediate deployment. Nationally, additional strategic reserves exceed 1.2 million tons of wheat. Al-Faris called on all involved entities to intensify their efforts and heighten their state of readiness to serve pilgrims, underscoring the vital role of SABIL and flour milling companies in ensuring continuous access to essential staples throughout the Hajj season. Related Topics : Saudi Arabia Gives Green Light to Licensed Companies to Export Flour Saudi Paper Manufacturing Company Signs €24.9M Deal with ABC Bank Crown Prince Announces 'Al-Alat Company Launch Saudi Arabia plans to Supply enough amount of Durum Wheat Saudi Pavilion Secures New York Architectural Design Awards at Expo Osaka 2025 Short link : Post Views: 19
Business Recorder
15-05-2025
- Business
- Business Recorder
Saudi Arabia issues tender to buy 655,000 metric tons of wheat
Saudi Arabia has issued a tender to buy 655,000 metric tons of wheat for the August to October 2025 shipment period, the General Food Security Authority (GFSA) said on Thursday. The deadline for submissions of price offers is Friday, May 16, and the results are expected on Monday, May 19, European traders said. Some 11 consignments of 12.5% protein wheat are sought to be sourced from optional origins, according to a tender the agency sent traders. The shipments will be distributed to different ports, with 240,000 tons to Jeddah for arrival between August 15 and October 15. Saudi Arabia's PIF strikes multi-billion investment deals with US asset managers About 240,000 tons was for shipment to Yanbu also for arrival between August 15 and October 15, 120,000 tons to Dammam for arrival between August 15 and September 30 and another 55,000 tons to Jizan for arrival in the first half of October, traders said.
Asharq Al-Awsat
16-04-2025
- Business
- Asharq Al-Awsat
Saudi Arabia Looks to Cambodia to Diversify Rice Imports
In a strategic move to diversify its food import sources and stabilize domestic markets, Saudi Arabia is encouraging the private sector to begin importing rice from Cambodia. The initiative, Asharq Al-Awsat has learned, is part of broader government efforts to expand the availability of high-quality rice alongside existing imports from countries like India, Pakistan, the United States, Egypt, and others. Rice is a staple food in Saudi households and across the Gulf region. Rising demand, coupled with global challenges such as high shipping costs and climate-related disruptions, has led to fluctuations in supply and pricing. In response, the Kingdom is now looking to Phnom Penh to ensure consistent supply and greater price stability of this essential commodity. Cambodia has built a strong reputation for producing premium-grade rice. It has been named the producer of the 'World's Best Rice' six times, most recently at the International Rice Conference held in Manila. The country exports around 63 percent of its rice production, which totals nearly 12 million tons annually. Agriculture remains a top priority for the Cambodian government, which is actively working to increase production and expand access to global markets. Following the visit by Cambodia's Minister of Commerce to Riyadh in February, Saudi Arabia's General Authority for Foreign Trade has begun coordinating with the private sector to facilitate Cambodian rice imports. Discussions include inviting Saudi companies to visit Cambodian farms to explore supply chain opportunities and assess product quality. Currently, per capita rice consumption in Saudi Arabia stands at approximately 45.8 kilograms annually and is projected to rise to 50 kilograms in the coming years. Rice plays a vital role in the national diet and is central to many traditional dishes. Saudi Arabia's broader food security strategy includes the establishment of a dedicated General Food Security Authority and the rollout of national strategies targeting agriculture, water, and environmental sustainability. Over the past five years, agricultural investment financing has grown by 1,000 percent, and loans to the sector reached nearly 7 billion riyals ($1.8 billion) in 2022.
Zawya
13-02-2025
- Business
- Zawya
Saudi Arabia tenders to buy estimated 595,000 T wheat, traders say
PARIS/HAMBURG - Saudi Arabia's state purchasing agency the General Food Security Authority (GFSA) has issued an international tender to buy an estimated 595,000 metric tons of wheat, European traders said on Thursday. The deadline for submissions of price offers in the tender is Friday, Feb. 14, they said. Traders said results are expected on Monday, February 17. Ten consignments of 12.5% protein hard wheat are sought with shipments of around 60,000 tons each to the ports of Jeddah, Dammam and Yanbu plus 55,000 tons to Jizan, traders said. Traders said this is regarded as a target and the number of consignments and distribution between the ports can be different in a final purchase. Some 180,000 tons was sought for arrival in Jeddah between May 1 and June 30. Another 240,000 tons was sought for arrival in Yanbu between May 1 and July 15. Another 120,000 tons was sought for arrival in Dammam between May 1 and June 15. Some 55,000 tons was sought for arrival in Jizan between July 1-15. (Reporting by Gus Trompiz and Michael Hogan, editing by Tomasz Janowski)
