Saudi Arabia: Grain and Feed Annual
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With more than one million MT in MY 2013/14, U.S. corn exports regained the lead in the Saudi corn market, reaching their highest level in 15 years and capturing a 38.5 percent share of the market. Saudi corn imports are projected to further grow by 30 percent in MY 2014/2015, due to a huge expansion in poultry production projects and increased demand for processed feed. Saudi Arabia’s wheat production is expected to decline to 425,000 MT in MY 2014/15, while imports are projected to reach 3.5 million MT. The Saudi government reiterated its intent to end its program for purchasing local wheat in MY2015/16. Barley imports in MY2014/15 are expected to be around 7 million MT, down 20 percent compared to the previous year. Saudi rice imports in MY2013/14 are estimated at 1.4 million MT, and projected to rise to 1.5 million MT in MY2014/15.
