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FINANCIAL NEWS
Saudi firms buy barley from Ukraine
18 Sep 2010
(MENAFN) A group of leading Saudi importers has purchased 360,000 tons of optional origin barley for October shipment and another 265,000 tons of Ukrainian origin for September shipment, Reuters reported.
They said 360,000 tons of optional origin barley were purchased in the last few days by several private Saudi buyers from international suppliers at the price of $344 per ton C&F for October delivery in seven vessels to non-Jeddah Saudi ports.
A $14 per tonne premium is set for delivery to non-Jeddah ports, traders say.
The barley origin was optional, although it most likely came come from the last cargoes still being shipped from Ukraine, the world’s largest barley exporter, whose barley exports have fallen after severe weather damaged crop.
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