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2026-02-26 17:31:03
[Saudi Arabia Launches Massive Tender for 655,000 Tons of Wheat, Impacting the Market] ⑴ Saudi Arabia's National Food Procurement Agency—the General Authority for Food Safety—issued a tender on Thursday, planning to purchase 655,000 tons of wheat. The deadline for submitting bids is this Friday, with the results expected to be announced next Monday. ⑵ According to the tender requirements, the delivery period for this batch of wheat is scheduled for May to July this year. Market sources indicate that the tender involves 11 shipments, destined for the ports of Jizan, Dammam, Yanbu, and Jeddah. ⑶ In comparison, the agency purchased approximately 907,000 tons of hard wheat in its previous tender on January 19th. While the new round of purchases is smaller than the previous one, given the volatility of the global grain supply chain, Saudi Arabia's move may still trigger a repricing of the supply in the market. ⑷ For traders, the size of this tender and the specific transaction prices will be important indicators of the strength of wheat demand and the pace of procurement in the Middle East. The results are expected to influence short-term sentiment in related futures contracts early next week.
