# Saudi goes big on tonnes + dollars in latest barley buy - Grain Central

> Saudi Arabia's buyer purchased about 16 Panamax cargoes, close to one million tonnes of barley, at an average US$243.47/t cost and freight for April to May shipment. The price was US$26 above the previous tender and about 12% above the prior three-tender average.

- Date: 2018-02-20 · published 2018-02-20T12:00:00.000Z
- Category: trade · region Saudi Arabia · magnitude medium
- Page: https://feedsoft.ai/events/12883-saudi-goes-big-on-tonnes-dollars-in-latest-barley-buy-grain-central
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

The tender confirms that cheap barley origins have largely been exhausted, and the large volume and higher price support global barley values and China's competing demand.

## Read by commodity

- BARLEY: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/saudi-goes-big-on-tonnes-dollars-in-latest-barley-buy/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.