GSFMOGrain Silos and Flour Milling Organization (Saudi Arabia)
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Each of the new companies will cover an area that has access to a sea port, while the GSFMO will continue importing wheat and selling it to the grinding mills, said Walid al-Khuraiji, Director General of the Kingdom's grain authority.
"A drop in input costs, seeds and agricultural equipment, has encouraged planting and led to a higher harvest," Elkhereiji told Reuters in an interview at GSFMO's headquarters in Riyadh.
An official at GSFMO said the purchased wheat was hard wheat.
At the end of 1994, the GSFMO published an invitation to tender for a new turnkey flour mill with a capacity of 600 tons per 24 hours, to be sited in Tabuk, a region in the NorthWest of the Kingdom.
Summary: LONDON - Saudi Arabia may import soft wheat, in addition to the hard wheat it currently imports, to meet local food demand, opening it up to a wider range of wheat exporters, the kingdom's Grain Silos & Flour Mills Organisation, or GSFMO, said.
While Saudi wheat supplies are managed by the state-run Grain Silos and Flour Mills Organisation (GSFMO), the main animal feed barley is still privately imported, although government controls are tightening.
Grain Silos and Flour Mills Organization (GSFMO) is looking for wheat with a 12.5 per cent protein content, in a new sign that higher- quality wheat is becoming harder and pricier to find in global markets.
While Saudi wheat supplies are managed by the state run Grain Silos and Flour Mills Organization (GSFMO), barley is privately imported.
GSFMO has enough hard wheat stocks to cover the kingdom's needs until April, without taking into account its 990,000 tonnes hard wheat purchased in June and additional stocks of 90,000 tonnes of flour, he said.
The move has turned Saudi Arabia's state-run Grain Silos and Flour Mills Organization (GSFMO) into one of the biggest new buyers in the international grains market.
"The overall quantity that has been imported so far reached 470,000 tonnes and it is expected that we receive quantities of around 700,000 for the period to the holy month of Ramadan of this year," said Waleed al-Khariji, head of the state-controlled Grains Silos and Flour Mills Organisation (GSFMO), said in comments in al-Hayat.