# Saudi Arabia buys 13 barley cargoes in rising market - Grain Central

> Saudi Arabia's grain agency SAGO bought 13 panamax cargoes of feed barley, about 780,000 tonnes, for arrival mid-October to mid-December at a average cost and freight of US$206.76/t. Bunge reportedly secured more than half the volume, and Dammam deliveries carry a $10-15/t premium over Red Sea ports amid Strait of Hormuz tensions.

- Date: 2019-08-29 · published 2019-08-29T12:00:00.000Z
- Category: trade · region Saudi Arabia · magnitude medium
- Page: https://feedsoft.ai/events/57475-saudi-arabia-buys-13-barley-cargoes-in-rising-market-grain-central
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Large Saudi barley purchases support global barley export demand, while Hormuz-related shipping premiums raise delivered costs into the Gulf. Prices are still about 25% below last year, so the net price pressure is modest.

## Read by commodity

- BARLEY: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/saudi-arabia-buys-13-barley-cargoes-in-rising-market/

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