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Saudi Arabia's state buyer SAGO issued an international tender to purchase about 960,000 tonnes of animal feed barley for arrival in August and September. The tender is one of the larger barley purchases seen recently.
A sizeable import tender adds to global feed barley demand for late summer arrival, supporting export prices from Black Sea, EU and Australian suppliers.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.