Saudi Arabia: Saudi Arabia Partly Privatizes Its Flour Mills

Saudi Arabia privatized two of its four flour milling companies for 740.5 million USD on July 8, 2020. The remaining two are expected to be sold in the next few weeks. If privatization is followed by the removal of wheat import subsidies there may be more opportunity for U.S. wheat exporters. Saudi Arabia imported 3.45 million MT of wheat worth $809.17 million in MY2019/20 (July 2019/June 2020) via tenders issued by the Saudi Grains Organization (SAGO).

Saudi Arabia: Saudi Arabia Partly Privatizes Its Flour Mills