Saudi Arabia’s SAGO seeks 960,000 mt of barley for February-March

11 Jan 2018 | Tom Houghton

Saudi Arabia’s state grain procurement agency SAGO is back in the market, looking for 960,000 mt of feed barley for shipment from late February to March.

In its own weekly market price update released on Tuesday, SAGO said Black Sea origin feed barley was the cheapest in the world at $191/mt FOB, followed by German origin at $194/mt FOB and Australian at $217/mt FOB.

With freight included, the Black Sea extends its lead as the most competitive origin.

A Russian cargo is equivalent to $213.30/mt CIF, a German cargo comes in at approximately $219/mt CIF, and an Australian cargo at $246.50/mt CIF.

At its previous tender which closed in late November, SAGO purchased 723,000 mt of barley for January-February shipment, paying an average price of $215.11/mt CIF.