The Saudi Grain Corporation adopts an exceptional increase in the purchase...

The Saudi Grain Corporation adopts an exceptional increase in the purchase...
The Saudi Grain Corporation adopts an exceptional increase in the purchase...

The Board of Directors of the Grain Corporation in Saudi Arabia agreed to exceptionally increase the purchase price of local wheat for the agricultural season (1444/1443 AH), by 100 riyals per ton, to be added to the approved purchase price set at 1440 riyals per ton.

The corporation explained in a statement today, Thursday, that the exceptional increase in the purchase price of local wheat comes within the framework of the Kingdom’s keenness to enable licensed farmers to grow wheat in light of recent global price developments, in addition to the rise in production input prices.

It is noteworthy that the Corporation’s purchase of local wheat from farmers comes in implementation of the Cabinet’s decision regarding the controls to stop the cultivation of green fodder, which included that the General Grain Corporation purchase wheat from farmers if they choose to grow wheat instead of green fodder, for a period of five years, not exceeding 1.5 million tons per General, at prices determined by the institution, guided by the prevailing international prices.

These were the details of the news The Saudi Grain Corporation adopts an exceptional increase in the purchase... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Eid Al-Fitr to begin on Monday: Saudi Supreme Court

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]