# Food Security: Saudi Arabia’s SALIC and Bahri partner to form the National Grain Company - LogisticsGulf

> SALIC and Bahri formed the National Grain Company in Saudi Arabia with an initial investment of about SAR 412mn, to handle grain trade and storage from Black Sea, European, South American and Red Sea sources. The terminal will start at 3 million tons per year by 2022 and rise to 5 million.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: trade · region Saudi Arabia · magnitude low
- Page: https://feedsoft.ai/events/51504-food-security-saudi-arabia-s-salic-and-bahri-partner-to-form-the-national-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A new large-scale Saudi import and storage platform adds demand-side handling capacity for grain imports, supporting import flows but unlikely to move prices on its own in the near term.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-03-15 | [Explainer: Can Ukraine's grain corridor ease the global food crisis?](https://feedsoft.ai/events/14407-explainer-can-ukraine-s-grain-corridor-ease-the-global-food-crisis.md) | -2.8% | -6.6% |
| WHEAT | 2019-10-29 | [Sea ports provided for a 2.5x higher grain shipment — Latifundist.com](https://feedsoft.ai/events/56431-sea-ports-provided-for-a-2-5x-higher-grain-shipment-latifundist-com.md) | -0.4% | +7.3% |
| WHEAT | 2018-12-11 | [Barley: All dressed up and nowhere to go - Grain Central](https://feedsoft.ai/events/61623-barley-all-dressed-up-and-nowhere-to-go-grain-central.md) | +3.5% | +2.1% |
| WHEAT | 2017-12-20 | [Since the beginning of MY 2017/18 grain export amounted to 20 million tons — Latifundist.com](https://feedsoft.ai/events/67334-since-the-beginning-of-my-2017-18-grain-export-amounted-to-20-million-tons.md) | +0.4% | +0.7% |
| WHEAT | 2019-12-09 | [Conditions and prospects of the Russian grain market, competition with the EU and Ukraine – A.Korbut](https://feedsoft.ai/events/55440-conditions-and-prospects-of-the-russian-grain-market-competition-with-the-eu.md) | -3.5% | -0.6% |
| CORN | 2023-03-15 | [Explainer: Can Ukraine's grain corridor ease the global food crisis?](https://feedsoft.ai/events/14407-explainer-can-ukraine-s-grain-corridor-ease-the-global-food-crisis.md) | -0.6% | +0.8% |
| CORN | 2019-11-25 | [Grain trade: Competition EU and Black Sea countries](https://feedsoft.ai/events/55914-grain-trade-competition-eu-and-black-sea-countries.md) | +1.6% | +2.4% |
| CORN | 2018-11-14 | [Amid Trade Spat With US, China To Boost Grain Import From Belt And Road Nations](https://feedsoft.ai/events/61934-amid-trade-spat-with-us-china-to-boost-grain-import-from-belt-and-road-nations.md) | -0.7% | +7.1% |

## Sources

- logisticsgulf.com: https://logisticsgulf.com/2020/08/food-security-saudi-arabias-salic-and-bahri-partner-to-form-the-national-grain-company/

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