Saudi Arabia has issued a tender to buy 330,000 tonnes of hard wheat for delivery in March and April 2012, through its state-run Grain Silos and Flour Mills Organization (GFSMO), Reuters reported Tuesday.
Saudi wheat imports are expected to reach 1.9 million tonnes in 2011 and increase slightly in 2012. Plans are also underway to increase storage capacity to 3.2 million tonnes to cover annual wheat consumption of 2.9 million tonnes.
In its latest wheat tender, Saudi Arabia bought 660,000 tonnes of wheat from Australia, the EU, Canada and the United States for shipment between November 2011 and February 2012.
Only 2 per cent of Saudi Arabia's wheat imports in the period from 2008 to 2011 came from Russia while 40 per cent was imported from Canada in the same period.
Saudi Arabia plans to totally depend on wheat imports by the year 2016 to save water.