Trade and markets
 

Detail

Area
Saudi Arabia
Commodity Group
Grains
Commodity
Wheat
Date
08/07/2018
Policy Category
Consumption and marketing
Policy Instrument
Government support
Description
The Saudi Grains Organization (SAGO) approved a five-year domestic support programme to procure up to 700 000 tonnes of wheat annually from producers. During the agricultural season 2018/19, acquisition prices will be similar to the organisation’s global import prices or at SAR 1 250 (USD 333) per tonne, whichever is higher. Prices will be subject to review after two agricultural seasons. Under the support scheme, farmers will be authorized to plant wheat on a maximum of 50 ha.